Business Letters of Credit

A firm handshake used to be all you needed to solidify one's word. Today big business is a very different landscape.

A letter of credit can provide your business with extra credential support to enhance your possibilities with a new supplier — especially when it comes to international commerce. Nobody knows your finances better and wants you to succeed more than a bank centered right in your own community.


Summary
  • Provides guarantee on payments of large purchases to third parties
  • 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

Meet Your Banker

Steve Budiono

Meet Your Banker

Geoff Miller

Meet Your Banker

Paul Ross

Meet Your Banker

Steve Martinez