Private, Banking; overseas Funding for Canadian Business Private funding for Canadian businesses can come in various forms, including loans, and venture capital. Business with large borrowing over $20 Million can be funded from Saudi Arabia; Oman, or using banking instrument known as Stand by Letter of Credit, Bank Guarantee. International Trade Finance &Banking Solutions: Letter Of Credit LCs are used in international transactions to ensure that payment will be received where the buyer and seller may not know each other and are operating in different countries. At Sight Payable immediately – within three to five days – after the seller meets the requirements of the letter of credit. Usance Also known as Deferred Payment or Time or Term is a letter of credit payable at a predetermined time / future date after the conforming documents are presented. Standby Letter Of Credit A Standby Letter of Credit (SBLC) from Euro Exim Bank, AAA rated Prime Bank is a powerful financial guarantee that