Skip to content

Letter of Credit

Credibility is key with any major transaction. Let us lend you some of ours for your next large purchase.

Key Features

  • Guarantee Payments
  • Guarantee a Service
  • Facilitate the purchase of inventory or other current assets
  • Provides guarantee on payments of large purchases to third parties
  • Can replace need for costly insurance company performance bond
  • Can also be used to guarantee a service
  • Typically issued for 1-year term or less
  • Terms easily renewed
  • Fee is based on face value amount
  • Interest accrues only if we must make payment to beneficiary on your behalf