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Tag Archives: letter of credit process

What is the Difference Between a Letter of Credit and a Bank Guarantee?

There are different ways of obtaining finance to do business. The easiest way is to take a Personal Loan or a Business Loan. Banks offer a range of financial products to business enterprises. They include the standard working capital finance products, loans for purchasing machinery and equipment, letters of credit, bank guarantees, and so on. We will look into the ... Read More »