We can establish Documentary Letters of Credit (DLC) on your behalf. DLC's allow you to import goods (capital equipment) from overseas suppliers without the need for cash payments prior to receiving the goods.
The lender relies on the imported goods as security as well as the overall credit standing of the client. We can also assist with arranging Foreign Exchange cover to minimise currency exchange risk.
We can arrange 'at sight' or 'terms payment' letters of credit as you may require. Upon delivery of the goods the facility converts to a Lease, Chattel Mortgage or Commercial Hire Purchase on terms agreed by you. The applicable interest rate is rate of the day.
"Capital Finance Group can provide you with Letters of Credit, with a quick turnaround’ Enquire now.”