Letter of Credit

Letter of Credit

If you're looking to expand your business horizons, we can offer the backing a prospective partner will expect. A letter of credit is perfect for scenarios when you're embarking upon new large-scale or international business relations.

Rather than looking to a big, impersonal insurance company for a performance bond, look to someone in your own backyard, whom you trust, to vouch for their trust in you.

Summary
  • Ideal to guarantee payments on large purchases
  • Available to suit your needs
  • Typically issued for 1-year term or less
  • Terms easily renewed
  • Can replace need for insurance company performance bond
  • Interest accrues only if beneficiary requests an advance