For many companies, the right banking facilities matter as much as financing itself. A supplier abroad may require a letter of credit, a government tender may require a bid bond, and a growing business may need a revolving line to smooth its cash flow. We help you identify the facilities you need, prepare the application and follow up with the bank until the facility is in place.
Facilities we arrange
Documentary letters of credit
Letters of credit protect both buyer and seller in international trade. The bank undertakes to pay the supplier once the agreed shipping and commercial documents are presented. We help with import and export letters of credit, and with understanding the documents and deadlines involved, so payments are not delayed by avoidable discrepancies.
Letters of guarantee
Letters of guarantee are often required in contracting, supply and government work. Common types include:
- Bid bonds for tenders.
- Performance bonds for the execution of contracts.
- Advance payment guarantees.
- Retention and financial guarantees.
Revolving facilities
Revolving facilities, such as overdrafts, revolving credit lines and trade finance lines, let a company draw, repay and draw again within an approved limit. They help manage seasonal needs and the gap between paying suppliers and collecting from customers.
Multi-currency business accounts
Companies trading internationally often need accounts in several currencies to receive and make payments efficiently. We guide you through account requirements and connect you with banks that offer multi-currency services suited to your activity. Account opening is always subject to the bank's own compliance checks.
What banks usually require
- A valid trade licence and company documents.
- Financial statements and bank statements showing the company's activity.
- Details of the underlying contracts, tenders or trade flows.
- Security, which may include cash margins, guarantees or other collateral.
Choosing the right mix
Many companies apply for more facilities than they need, or for the wrong type, which raises costs and security requirements. We start from your actual trade cycle, contracts and cash flow, and recommend a mix and limits that the business can use and the bank can support.
Who is it for
- Importers and exporters dealing with suppliers and customers abroad.
- Contracting and supply companies bidding for tenders.
- Growing companies that need flexible working capital.
How it works with Lugain Global
- Needs review: we identify which facilities the business needs and the limits required.
- Documentation: we prepare the company file and supporting contracts.
- Bank selection: we approach local and international partner banks that provide these facilities.
- Negotiation: we compare limits, margins, commissions and security requirements.
- Follow-up: we follow the procedures until the facility is approved and operational.
Important to know
Facility limits, commissions, cash margins and security are set by each bank under its own credit and compliance policies, which may be stricter than described here. Lugain Global is a financing broker, not a bank, and does not issue letters of credit or guarantees itself. Approval is always at the bank's discretion.