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2. Letter of credit - Wikipedia

   en.wikipedia.org/wiki/Letter_of_credit

   Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.

3. Line of credit - Wikipedia

   en.wikipedia.org/wiki/Line_of_credit

   A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A financial institution makes available an amount of credit to a business or consumer during a specified period of time.

4. How to get a business line of credit - AOL

   www.aol.com/finance/business-line-credit...

   Let’s look at the steps for how to get a business line of credit. 1. Decide between a secured and unsecured line of credit. Both secured and unsecured lines of credit can benefit a business. A ...

5. What Can I Use a Letter of Credit For? - AOL

   www.aol.com/finance/letter-credit-140001832.html

   A letter of credit is a written document from a bank guaranteeing the seller of a product or service will be paid as long as the goods or services are provided, as specified. Letters of credit are ...

6. What documents are required for a business line of credit? - AOL

   www.aol.com/finance/documents-required-business...

   Bankrate insight. According to the SBA weekly lending report, so far in 2023, most SBA CAPLines have loan amounts between $350,000 and $500,000 (14.3 percent) and $500,000 and $2 million (54.5 ...

7. Uniform Customs and Practice for Documentary Credits

   en.wikipedia.org/wiki/Uniform_Customs_and...

   The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.