Midtown Capital Group can provide Letters of Credit to client businesses.

MCG through their partner can facilitate and manage the process of the opening of Letters of credit on behalf of its clientele, and continues the ongoing management of the letter of credit process throughout the period for which a transaction may occur.

Our partner uses the services of several American and European banks, and is a representative for two special purpose banks. Because of the company's firm banking relationships, it is positioned to provide flexible and expedited services to its clientele. Due to the flexibility of the company, a specific collateral deposit is not required, and our Partner does not necessarily become a creditor to its client companies. They provide an augment to the banking or lending facilities which may be currently provided by other institutions.

The services offered have facilitated excellent relationships between the clients of our partners and their overseas suppliers, thus allowing the growth of certain business segments which companies would otherwise not have the ability to pursue. This past year they have opened hundreds of Letters of Credit on behalf of clients based in North America, Europe, the Middle East and Asia.

Through its strong banking relationships in which world banking institutions work in conjunction with their expert staff, the company avails itself of the foremost experts in the World of Trade Finance, and the criteria set forth in UCP 600 for documentary LC's and ISP98 for standby Letters of Credit. These alliances help to create opportunities for growth and profitability the client companies.

Their clients import items ranging from commodity goods to apparel and textiles, and electronic components to consumer appliances and specialty products. The Letters of Credit are opened to suppliers in Asia, Africa, South America and other points in the world.

If your company is looking for a strategy to finance goods to fill your orders, or simply to support growth, CONTACT US for more information.