Letter of Credit Enquiry

Your information

Your name
Mobile phone
Email
Company Name
Back
Continue

Form submitted!

Oops! Something went wrong while submitting the form.

Key Facts

A Letter of Credit (LoC) is a financial instrument issued by a bank or a financial institution that guarantees a buyer's payment to a seller.

It provides security, ensuring both parties have legal and financial protection, and significantly reduces risk for both buyers and sellers in international trade transactions.

Flexible and tailored to meet specific transaction needs and terms.

Process

1. Buyer and seller agree on a transaction

2. The terms of the Letter of Credit are set

3. The buyer applies for a Letter of Credit with Spark

4. Spark connects the buyer with the appropriate Letter of Credit provider

5. The provider issues the Letter of Credit

6. The Letter of Credit is sent to seller’s bank

Types

Documentary Letter of Credit - facilitates trade by ensuring direct payment for transactions.

Standby Letter of Credit - serves as a safety net, used only in cases of non-payment or non-performance.

Find out more
"1st Class Service"

“I can't recommend Spark Finance enough, an extremely professional yet friendly approach. They really take the time to understand your business requirements and are well equipped to finding you the right solution. Keep up the great work!”

Reviews from our clients

Lorem Ipsum

“Lorem ipsum dolor sit amet,consectetur adipiscing elit, sed doeiusmod tempor incididunt utlabore et dolore magna.”

Social media
Disclaimer: Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  Spark Finance may receive commission from lenders  which may vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).