Where Can I Get A Standby Letter Of Credit?

A Standby Letter of Credit (called“SLC or “LC” ) are written obligations of an issuing bank to pay a sum of money to a beneficiary on behalf of their customer in the event that the customer does not pay the beneficiary.  It is important to note that standby letters of credit apply only whenever the issuing bank's commitment to pay is not contingent on the existence, validity and enforceability of…

How do I reduce my business loan payments if my business is struggling?

There are several ways that business loan borrowers can reduce their payments if their business is struggling. Businesses have been intensely competing in the ongoing recovery, making business loan repayment a sometimes difficult feat.
 
Borrowers should try to stretch out amortization if they are having trouble with the business loans they borrowed thus exteding the payment…

Can I get a business loan if I am still in college?

Yes, you can get a commercial loan if you are still in college!  However, you will need to put some work into it since there are a few obstacles that young borrowers—like college students—specifically face.
 
“College students face the triple hurdle of insufficient credit history, low collateral, and if they have student loans, high current debt load. This makes them a…