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