What are the benefits of securing a letter of credit from Express Trade Capital?
For your company (the buyer)
You may not have the necessary collateral requirements or relationship with the bank to get a letter of credit—but we do.
You don’t have to leave deposits with your suppliers, since your letter of credit will be opened for the full amount of the transaction—so your cash is not tied up or at risk while your supplier can often borrow against a letter of credit.
You may significantly increase your ability to do business with companies outside the U.S. by bolstering your financial position with your suppliers.
You can build safeguards into the letter of credit, including inspection of the goods and quality control, and set production and delivery times. This gives you more quality control over your goods.
The bottom line
A letter of credit minimizes risk, maximizes control, and optimizes profits associated with international trade by making transactions simpler, smoother and safer for all sides.
Ready to get started? Complete our letter of credit application: