Promissory Note


Requirements:
  • Your local bank (the issuer of the L/C) should preferably have a Standard & Poor’s rating of at least BBB+, or at least, have cooperation agreements with our bank. We’ll be able to provide this information at short notice after you submit the name of your bank.
  • Depending on the assets and financials of your company, your local bank might ask you to pledge some of your goods as security (from 0% up to 100% of the total sum).

Advantages:
  • The cost of issuing these notes is lower than with issuing an L/C, but the risks for the seller (in this case, Machine Point), higher.
  • The process of issuing the L/C should not take more than one or two weeks (depending on the country, and their corresponding Central Bank).
  • The financing costs of the operation might be lower than the ones provided by your local bank, since interest rates in the European Union are very possibly lower than in your own country.


Contact Us

Head Office - Europe
Parque Tecnológico de Boecillo
Calle Andrés Laguna 9-11
E - 47151 Valladolid
Spain
+34 983 549 900
info@machinepoint.com
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MachinePoint all around the world