
Letters of Credit: The Startup Cheat Code
Cash-strapped startups, meet your new secret weapon: Letters of Credit (LCs). This episode breaks down how a simple bank-backed promise can boost trust, unlock cash flow, and open doors to bigger deals—without draining your account.
In this episode, we cover:
• What Letters of Credit are and how they work
• How LCs reduce risk for startups and suppliers
• Boosting credibility with partners and negotiating better terms
• Step-by-step on getting your first LC
• Tips from Taimour Zaman on building bank relationships for future growth
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