Guarantee payment for you Exports
Getting paid on time and securely is the most important financial consideration when trading internationally. A Letter of Credit will ensure that you avoid problems when receiving payments.
What is a Letter of Credit?
A Letter of Credit is a guarantee issued by a bank assuring payment for goods. The Letter of Credit will have strict terms specifying the amount of money to be paid, time frame and documentation required.
How can we help?
Over 75% of exporters who do their own Letters of Credit do not get paid due to incorrect paperwork. Our providers have a reputation for getting it right first time.
What does our Letter of Credit service include?
Our Providers: Business West's team of experienced staff will use their strong relationships with all the major global banks to ensure that you receive payment on time for your exports. Their team can assist you every step of way.
Business West is one of the 53 British Chambers of Commerce Accredited Chambers in our network, servicing the south west of the country.
We wanted to say a big “thank you” to you all for everything you did for us. It was not an easy task for us to “cut our teeth on” being quite naïve about all the complexities involved. Anyhow you stuck with us and guided us confidently and excellently through a couple of trauma’s that emerged along the way. Extremely happy to say that finally the funds came through with the assistance of Barclays Bank too.
I am very happy indeed with the way in which you have all handled this transaction. The paperwork seems to have been flawless and the liaison with HSBC has been tremendously helpful. I am certain that we could not have handled this Letter of Credit ourselves successfully, and I’m very relieved and grateful that you were on our side in all this.
I just wanted to say a very, very big thank you for all the effort you have made this week to get our Letter of Credit documents to the bank in the requested time. I know you have stayed late on occasions to complete things for us and we really do appreciate this and the service that we receive from you and your team is exceptional.