The 5 Steps in Purchasing an SBLC.
1) Sign and return the KYC (Know Your Client) Form
include a bank statement that is no more than three days old, as proof of at least $1.5 million USD plus a 1% paymaster fee.
2) Sign and return the Mutual Non-Disclosure Agreement and Non-Circumvent Agreement (NDA/NCA) protecting the privacy of all parties.
3) Sign and return the Joint Venture Agreement
This agreement outlines the terms and conditions of the transaction and must be signed and completed by all parties involved.
4) Sign and return a Service Agreement.
5) The Issuing of the SBLC
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Fees
The costs vary widely depending on many factors, including but not limited to the issuing bank’s credit quality, the instrument’s language, and the number of days it takes to issue the instrument.
The costs range from 4% to 62% of face value, depending on the amount of the instrument, and the language required.
Our fee structure
2.5% of the face value of the instrument for both leasing and purchasing,
2.5% of the face value of the instrument if you require monetization.
If the client does not have sufficient capital to cover the total cost of the transaction (4%-62%), First Fusion may arrange partners to bridge that gap. Our fee for this service is 50% of the net proceeds provided.
It is essential to note that we do not block our funds for any client, and this is only done on a case-by-case basis.
At First Fusion Capital, we are committed to helping our clients achieve their financial goals by providing the highest level of service possible.
We understand that every client’s needs are different, and our team is dedicated to finding the best solution for each unique situation.
Contact us today to schedule a consultation and learn more about how our monetization services can benefit you.
Attention: These programs may not be suitable for everyone. Please note that we do not work with the following:
- Businesses that do not have any funds for wiring fees (MT760) of a minimum of $1.6 million USD.
- Businesses that are “price shopping” or “process shopping” are looking for a provider that will adhere to their procedures and processes.
- Brokers who are working with a group of brokers and do not have a direct relationship with the actual customer.
We believe in providing our clients with the highest level of service and working with them directly to meet their specific needs. If you do not fall into any of the categories listed above and are interested in our program, please do not hesitate to contact us to learn more.