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4/1/06

Letters of Credit

Qualifying for a letter of credit can be very tricky. If you want an LC, you pretty much need to qualify for traditional bank financing. However, there is a way to get a letter of credit, even if you think you don't qualify for one.

The solution may be purchase order financing. If you are a distributor, wholesaler or re-seller, then purchase order financing may be your best alternative to getting a letter of credit. More often than not, purchase order financing is combined with factoring to help lower costs.

You can learn more about po financing at the Purchase Order Financing Resource Center.

Your can learn more about factoring at the Invoice Factoring Resource Center.


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