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Letter of Credit (LC)

A Letter of Credit is a bank’s guarantee for payment, up to a set amount. The letter promises the beneficiary that the bank will assume responsibility for a debt or sale.

Documentary Letters of Credit 

  • Documentary letters of credit are involved in international commercial transactions. The Letter ensures payment, provided that the terms and conditions of the credit have been met.

Standby Letters of Credit

  • Standby letters of credit guarantee contractual obligations for a third party. If an unseen development prevents the contract from being fulfilled, the bank guarantees payment, thereby eliminating risk to the third party.

As a strategic partner in the growth of your business, we'll work to determine your needs and objectives to structure the best letter of credit.

We also offer Public FinancingCorporate Financing and SBA Lending.