Daily Archives: December 12, 2016

Archive of posts published in the specified Day

Dec
12

SBLC Funding and Monetizing Bank Instruments For Project Funding

Standby letter of credit (SBLC) funding or the monetizing of bank instruments including Bonds, SBLC’s, BG’s, LC’s or SKR’s to fund projects are on the rise. While lending from traditional institutions has virtually come to a production stand still, the monetizing of instruments is on the rise; and for good reason.

SBLC funding or the monetizing of bank instruments is very popular because there are no traditional credit requirements, asset requirements or down payments associated with conventional funding or lending. However, there are very strict requirements in the approval process which includes a favorable compliance report associated with Homeland Security and International Money Laundering Laws.

The process of monetizing bank instruments involves converting a secured instrument, usually backed by a cash, secured account or secured asset, into something legal tender. Many times, the secured or cash backed account or asset is held in a trust or another account in which the holder is unable to retrieve additional funds per the agreement of the account.

Why monetize? As an example, in the economic security of the market 5 years ago, hospitality financing was a very tedious and difficult industry to finance, but still attainable. Today, hospitality financing is almost impossible for those who are seeking new purchases, refinancing, remodeling or construction. If you currently own a hospitality property, the chances of getting funding are greater but depend on performance spanning over a 3 to 5 year period. SBLC funding for hospitality projects or monetizing an instrument can be the solution as there are no performance requirements; the performance is based on the guarantee of the instrument and not the property.

This also stands true for residential developments that are in the mid-stages of construction and halted by the inability to continue to draw on previously arranged credit lines. Commercial developments will also benefit by this method of funding as there are no “anchor” requirements or tenant rolls to supply. Alternative energy project financing are particularly viable for sblc funding or via monetizing a bank instrument. These overcome traditional funding sources tangible asset requirements.

The list is endless as to the uses of the funds for projects and developments. For example, monetizing can also be a viable solution to community economic development, housing and employment creation as well as debt consolidation for corporations and companies.

A few words of warning to those seeking bank instrument providers and monetizing companies. Fraud in this industry is on the rise. The instruments should be issued by Top 25 World Banks. Leased instruments can be monetized but it takes the expressed written permission of the holder of the instrument and of the issuing bank, stating the agreement between all parties and the expressed knowledge of the intention of using the instrument. There should also be a contract issued to the customer after approval, outlining the terms and conditions of instruments and monetizing.

Finally, fees should be deducted from the proceeds when monetizing so there are no upfront costs to you. Arranging instruments usually results in escrowed …

Dec
12

10 Tips On How To Judge Your Readiness For Marriage

Marriage is an exciting step in most people’s lives, and with it comes both great joy and great responsibility. There are ten questions every couple should ask themselves before getting married to determine whether or not they are really ready to take this step.

1. Why do you want to get married? Some may want to get married for financial security or to avoid loneliness, due to an unexpected pregnancy, or to start a family. Others may choose to get married simply because they love one another. Neither financial nor emotional security is a good reason for marriage, and love alone will not keep a marriage alive for decade after decade.

2. Is your partner trustworthy? Are you? A strong marriage requires a great deal of trust from both parties. Partners must be able to trust one another with the finances, to help with the chores, to parent cooperatively (if children are involved), and – of course – not to cheat. If either partner has a history of violating the trust of the other or even breaking the trust of a former partner, it could lay a foundation for future trust issues in the marriage.

3. Is the past in the past… and have you both learned from it? Past relationships, past mistakes, and even childhood grief and family traumas can haunt people into their adulthood. If these issues are not properly faced and appropriately dealt with, they could emerge at a later date and create disharmony in the marriage.

4. Are you planning a wedding or a marriage? Women in particular, but men too, often become so preoccupied with planning the wedding they may forget that a marriage comes after the wedding and lasts (ideally) far longer. A couple can work towards the wedding they want, but it is important that they not forget the marriage they need.

5. Are you feeling social pressure to get married or settle down? Parents and grandparents may pressure a young couple to settle down, and as their friends and siblings all begin to pair off and get engaged or married, it can seem like the natural next step for them, too. Societal pressure, however, is never a good reason to get engaged or married.

6. Do you share similar goals for your lives? Common wisdom tells couples that “opposites attract,” but science shows that compatible couples have more staying power. A couple need not share all the same interests, but if they share common goals for their lives and have similar ideals, they have a better chance of making it long-term than couples who have less in common.

7. How do you handle conflict? Fighting fairly is a critical component of happy couples. If a couple is unable to fight without name-calling, sarcasm, or bitter accusations, they probably should not discuss marriage just yet.

8. Are your finances in order? It is not a romantic question, but it is an important one. Money, or the lack of money, can be a cause …