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USE LETTERS OF CREDIT (L/Cs) TO GET FINANCING

USE LETTERS OF CREDIT (L/Cs) TO GET FINANCING

USE LETTERS OF CREDIT (L/Cs) TO GET FINANCING

LETTERS OF CREDIT (“L/Cs” FOR SHORT) are valuable for financing trade activities in import-export, for guaranteeing loans, and for a variety of other financial transactions. To get an L/C or have one confirmed (evaluated as good) take these easy steps now:

1. Associate yourself with an international bank having a strong network of overseas correspondent
banks and associates

2. Work with branches of overseas banks having offices in your country because they can speed
all types of international transactions

3. Insist that the bank have the ability to confirm unconfirmed L/Cs you might get from overseas.
(When a bank confirms an (L/C) it--in effect--tells you that the L/C is good and can be trusted.)

WHEN A BANK ISSUES AN L/C IN YOUR FAVOR--that is an L/C you use to:

*Collateralize a loan you get for business or income real estate use

*Pay for imported goods which you sell in your own country

You will be charged a nominal fee--typically 0.25%. This amounts to $2.50 per $1000 L/C. Thus, on a $100,000 L/C you'll pay $2500 when the L/C has been in force for one year. This will be about $200 a month.

But during that time you can use the L/C to do any of the transactions mentioned above. So the L/C is really cheap advance confirmation that you can get a loan or import salable items.

BESIDES USING AN L/C AS COLLATERAL you can also get many other useful services from your issuing bank. Thus, the bank:

*Can issue valuable trade leads, telling you who's seeking what products or services in
overseas countries around the world

*Can handle paperwork for loans, imports, exports, and other international transactions
for you or your client

*Can be a valuable international partner anywhere in the world for you or your client





USE LETTERS OF CREDIT LCs TO GET FINANCING - To learn more about this author, visit Tyler Hicks's Website.

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About The Author


Tyler Hicks
(Visit Tyler's Website) Tyler G. Hicks is president of International Wealth Success, Inc. (IWS), and a director on the board of a large New York-based lender. A consultant to entrepreneurs and real-estate investors around the world, Tyler is author of many books on real estate and business, some of which have appeared on the best seller lists of Business Week, Walton Books, and other national publications. Several of Tyler's books have been ranked among "the top ten real estate books of the year" by columnists in the Washington Post and Los Angeles Times. Tyler's bestselling books include How to Acquire $1-million in Income Real Estate in One Year Using Borrowed Money in Your Free Time and 203 Home-Based Businesses That Will Make You Rich. On this site you'll find articles Tyler has written to help the "beginning wealth builder" start making money in income real estate or in a small business they can call their own. Tyler hopes that "experienced wealth builders", too, can get new money-making ideas and a more positive mental attitude from his contributions. You can visit Tyler's Web site to learn more at iwsmoney.com.

Tyler Hicks is a Gold author on EvanCarmichael.com
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