Letter of Credit for Business

  Overview  

In lieu of deposits or to guarantee payments you may be able to use a letter of credit.

  • Lets you conserve cash ordinarily used for security deposits
  • Facilitates international business transactions
  • Not an actual loan, but a payment guarantee
  • Gives the buyer a stronger negotiating position
  • Commercial letters of credit (primary method of payment) and standby letters of credit available
  • Fee-based pricing
  • No financials required on amounts up to $50,000

After submitting your application, you will be required to visit a branch office in Texas or Louisiana to complete the process.

Call us toll-free at 1-888-855-BANK
About letters of credit
Letters of credit are most often used in the import/export trade to guarantee payment for international shipments. A letter of credit basically substitutes the credit of the bank for that of the customer.
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