LETTERS OF CREDIT

Letters of Credit are a great tool to facilitate payments between your vendors, suppliers or customers.  When large payments are required either domestic or foreign, a commercial or stand-by letter of credit can help facilitate these transactions.  

Ideal For

Established businesses that need a guaranteed payment facility with vendors, suppliers or customers

Use of Proceeds

  Pay Invoices

How to Apply

Terms

  Dependent on the payment instructions of the vendor, supplier or customer

Collateral

  Collateral options are flexible

Repayment

  • Automatically make payments from your business checking account
  • Flexible repayment terms based on your unique situation

Benefits to Borrower

  • Easier to do business with unknown parties
  • No payment is made until documentary evidence is received
  • Guaranteed source of funds

 Lender Contact

 

 

 

 

 

 

What do I need to apply