Export & Import Business Line of Credit - Easy to Qualify!!
Our Business Line of Credit Services:
- Usage: - Global Import and Export transactions
- Line of Credit limit: - Up to USD5,000,000.00
- Interest rate: 10.5% - 12.5%
- Terms: up to 3 years
- Fees: - Application fee: USD375.00, annual account renewal fee: USD75.00 (non-refundable)
- Processing time: 5 days approval after initial application and documentation review. If we can’t approve the file, the application fee and documents will return to client(s). If we decide to proceed, additional documents may require. Once appraisal report is complete and review by our underwriter, we will issue the final loan approval within five (5) business days.
- ***For MT760 Format letter of credit, or lease letter of credit from third party. Application fee: $500.00, 50% of the application fee (or USD250.00) will be return to applicant(s) if we decline the application within 5 business days.
- To apply, please print the form, complete it and fax it back to us at 213-627-5848.
- Letter of Credit format MT700 series
- Collaterals: Equities in Residential/Commercial Real Estates
- Loan to Value: up to 90% *subject to appraised value
- Other fees will apply (i.e. appraisal, credit, title, escrow)
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