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FRG Funding offers customers a complete and comprehensive
Letter of Credit service to accommodate your business financing
needs.
The efficient sourcing of product, merchandise or materials
is the most critical component to the success of any business.
We specialize in the issuance of “Letters of Credit”
for the purpose of assisting Retailers, Wholesale Distributors,
Manufacturers, and Importers procure the merchandise and inventory
so extremely vital to their businesses. What distinguishes
FRG Funding is that we embrace an entrepreneurial approach
and philosophy. When dealing with us, you will experience
speed and flexibility, which simply cannot be matched by larger,
more traditional lenders.
Why use FRG Funding? Speed, Flexibility and Outstanding
Customer Service to name a few reasons. When dealing with
us, you eliminate a lengthy approval process, credit committees,
large reserve requirements, as well as other policies, procedures
and restrictions that accompany larger, more traditional lenders.
Have an Existing Lender? We can work with them as
a supplement to your existing facility or, utilize our service
on a “case by case” basis, as your specific needs
require. We will be flexible to your needs. Think of us as
one more financial tool at your disposal, to assist you in
driving your business forward.
Using our L/C services provides the following benefits:
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Preserve your Liquidity.
Our deposit requirements are significantly lower than
the reserve requirements of larger more traditional lenders. |
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FRG Funding has established
credit relationships with numerous financial institutions
worldwide. |
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Our unique “L/C Network”
provides a level of service and flexibility, which simply
cannot be matched by larger more traditional lenders. |
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FRG Funding will work in
conjunction with your existing lender, as a means of enhancing
your existing credit power. |
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Reduce international risk
through the use of our extensive international correspondent
banking relationships. |
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Our service facilitates
payments and exchange of documents anywhere in the world. |
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FRG Funding manages the
entire Letter of Credit process on behalf of our customer. |
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Simple application forms. |
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FRG Funding issues Letters
of Credit in all major currencies and on behalf of beneficiaries
worldwide. |
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Competitive tariffs for
high value transactions are negotiated on a case-by-case
basis. |
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We manage the entire Letter
of Credit process on behalf of our customer. |
All Documentary Letters of Credit issued by FRG Funding comply
strictly with UCP 500 (1993 revision).
All Standby Letters of Credit issued by FRG Funding are governed
by the International Standby Practices 1998 (ISP98).
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