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Express capital group

provides letters of credit to clients businesses...

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Letter of Credit

is one of the safest mechanisms available for an exporter to ensure that he gets his payment correctly and the importer is also assured of the ...

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Express capital group

A comprehensive solution your suppliers will trust...

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Express capital group

Unexpectedly fast project finance.

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Express Capital Group

Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade.

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FAQ

I generally open letters of credit through my bank. How are your letters of credit different?

The letters of credit that we open are opened using our bank accounts at prime banking institutions. When you open the letter of credit through your bank, you use your credit line. When you open through us, you use our credit lines.

Why do I need to pay your fee before you open the letter of credit? Can't you take your fee out of the profits of our transaction?

We do not participate in the transactions of our clients as a party to the transaction other than a provider of certain financing. Therefore, we do not participate in the profits of our client's transactions. Our fees are the same regardless of the profit margin in the transaction.

Can I cancel my letter of credit after it has been opened?

All of the instruments that we issue are irrevocable and cannot be cancelled except by the beneficiary.

What type of collateral do you require to open a letter of credit?

In most cases we do not require a specific collateral deposit to open a letter of credit. We offer transactional based finance. When a client wishes to open a letter of credit, he presents us with the details of his transaction so that we can make a decision about the transaction on its merit. The final decision by our company to enter into a transaction is made according to a set of criteria.

What is the charge for opening a letter of credit?

The letter of credit charge depends on a number of factors. We can provide you with details once communication has been established.

What is the maximum size letter of credit that you open?

We are able to open letters of credit of almost any size. We consider the complexity of the transaction; the goods that are being trades; and, other factors having to do with the parties to the transactions and where they take place.

For what type of goods do you open letter of credit?

We can open letters of credit for any type of goods provided they fall into our ethical and legal criteria. That said, we will not get involved in transactions involving weaponry or ammunition under any circumstances.

I opened a letter of credit to my supplier, but he did not ship the goods. Will you refund my fee?

Once the letter of credit is opened your fee cannot be refunded. We recommend to all of our clients that they need to assure themselves of their suppliers' ability to perform before opening any banking instruments to them.

Contact us

Contact us

Phone: +1 (516) 847-2177

Fax: +1 (516) 620-6818

info@express-capital.com

Latest transactions

Express Capital Group provided Letter of Credit valued USD 550,000 to our client toward purchase of Steel Bars.


Express Capital Group provided Letter of Credit valued USD 780,000 to our client toward purchase and import of Rice.


Express Capital Group provided Letter of Credit valued USD 450,000 to our client toward purchase and import of Building Materials.


Express Capital Group provided Letter of Credit valued USD 55,000 to our client toward purchase of Sporting Goods.

Express Capital Group provided Letter of Credit valued USD 148,000 to our client toward purchase and import of Home Furniture from manufacturer.


Express Capital Group provided Letter of Credit valued USD 240,000 to our client toward purchase and import of Kitchenware from manufacturer.


Express Capital Group provided Letter of Credit valued USD 350,000 to our client toward purchase and  import of Clothing from manufacturer.