SBLC (Standby Letter of Credit)
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  1. #1
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    SBLC (Standby Letter of Credit)

    this is way out of my wheel house. Was a referral from a client. They are looking for a SBLC to tune of about $5B. Private Fund. They have the credentials I just don't know what direction to go never did this? Any guidance well appreciated.

  2. #2
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    Quote Originally Posted by Sachip24 View Post
    this is way out of my wheel house. Was a referral from a client. They are looking for a SBLC to tune of about $5B. Private Fund. They have the credentials I just don't know what direction to go never did this? Any guidance well appreciated.
    Sachip24-Wells or a large super regional within you client's footprint. These are usually done by large banks.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
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    Quote Originally Posted by kevinhenry0527 View Post
    Sachip24-Wells or a large super regional within you client's footprint. These are usually done by large banks.
    Thank you Kevin, any chance Seacoast does them?

  4. #4
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    Quote Originally Posted by Sachip24 View Post
    Thank you Kevin, any chance Seacoast does them?
    Sachip24-We are a $7bil bank so $5Bil stand-by would be a tall order. You will have to shop it to a large bank. More than likely they will have to syndicate part of it out.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  5. #5
    Quote Originally Posted by Sachip24 View Post
    this is way out of my wheel house. Was a referral from a client. They are looking for a SBLC to tune of about $5B. Private Fund. They have the credentials I just don't know what direction to go never did this? Any guidance well appreciated.
    SBLC's can be arranged with the correct lending partner. We like to understand more details about the client, industry and geographical location to best align the client with the proper bank for them.

  6. #6
    Sent you a pm.

  7. #7
    SACHIP24 check PM sir.

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