What Is BG/SBLC/SLOC and How Does BG SBLC Funding Work? Standby Letter of Credit (sblc / sloc) and bank guarantee (bg) are bank financial instrument that is issued by a financial institution such as a bank. These financial instruments can be used to obtain loan or...
How to Reopen Your Small Business Safely Despite COVID-19 Pandemic- GRAND CITY INVESTMENT LIMITED [caption id="attachment_398" align="alignnone" width="300"] How to Reopen Your Small Business Safely[/caption] As entrepreneurs, small business owners are used to setting goals and solving problems. However, the COVID-19 pandemic has forced many small businesses...
What Is a Standby Letter of Credit (SLOC)? [caption id="attachment_393" align="alignnone" width="720"] What is StandBy Letter of Credit (SBLC)?-Grand City Investment Limited[/caption] According to https://www.investopedia.com/terms/s/standbyletterofcredit.asp A standby letter of credit (SLOC) is a legal document that guarantees a bank's commitment of payment to a seller in the event that the buyer–or...
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