NOTE: Graco Commercial Capital, never charges clients any up front fees. Our fees are paid by the Providers we refer clients to.
The Loan Monetization programs, are for both leased and owned BG and SBLC. If the BG or SBLC is leased then the client must present, Ready Willing and Able Letter from the issuing financial institution on how the instrument can be transacted against. Monetization Loan on Leased BG and SBLC is usually 35% to 70% of the face amount (non-recourse).
Non Leased BG and SBLC if they are owned then will need a copy of the non leased BG or SBLC at the BG or SBLC instrument can be MT 760 to the Receiving Bank. Depending on the credit rating of the Bank issuing the BG or SBLC Monetization Loan can be up to 90% of the face amount, depending on the credit rating of the issuing bank.
The lender will be holding the instrument for up to 1 year and 1 day ... Exact Monetization Loan will be stated in the Funding contract.
Funding on Non Leased and Leased BG and SBLC's can take up to 15 calendar days or sooner depending on when the Non Lease BG or SBLC is received by the financial institution making the Monetization loan.
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