I have a foriegn buyer wanting to purchase goods for export with a confirmed letter of credit, i need to know when i receive the Confirmed L/C into my account if i can borrow against it to pay my supplier and shipping broker then pay back after BOL is issued, thanks,Mike
Yes you can. Visit with the local commercial banker, preferably at a larger bank that deals with these types of issues like JP Morgan or Wells Fargo.
The Three Proven Principles Of International Sales Success For Small & Medium-Sized Companies
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Yes you can. Visit with the local commercial banker, preferably at a larger bank that deals with these types of issues like JP Morgan or Wells Fargo.
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