Blessing Capital, an aspiring player in alternative commercial finance, has officially launched its letter of credit (L/C) programme, aiming to provide small businesses and entrepreneurs with enhanced access to credit facilities.

The programme offers a standby L/C structure, that claims to enable business owners to access up to US$250,000.

Improved credit limits

This facility is designed to improve credit limits and reduce the proportion of an approved credit facility that has actually been used by the borrower, thereby strengthening the overall credit profile of the participating business. ​

A key feature of the L/C programme is its commitment to reporting to major credit bureaus on a monthly basis. This consistent reporting aids in building and enhancing the credit history of clients over time, facilitating future access to traditional bank credit. ​

Streamlined platform

The application process is streamlined through a fintech-centred platform, allowing for approval decisions in less than 48 hours.

This efficiency is particularly beneficial for small business owners seeking prompt financial solutions. ​

Limited release phase

Currently, the L/C Programme is in a limited release phase, available to qualified applicants.

Interested parties are encouraged to visit Blessing Capital's official website for more information and to initiate the application process.

Blessing Capital's official website can be found here.

This article represents the views of the author and not necessarily those of the ICC or Coastline Solutions.