Letter of Credit
You can count on us to have your back
Sometimes it takes a little extra to guarantee to others that your payment can be made. That’s where a letter of credit comes in.
How to request a letter of credit
A letter of credit is like trust-building superhero for when you need to show a seller or third party that you’re serious about making payments on time and in full. Hint: It usually takes about two weeks to process a letter of credit once you submit your request. Here’s how to get started:
Prepare your application
To request a business letter of credit, you’ll need to provide a completed loan application & personal financial statement (PFS).
Submit your application
Submit your completed loan application & personal financial statement. Then they’ll be sent to our lending team for review!
Hint: You can drop off your application and supporting documents at your nearest branch, too!
Other documents may be requested after time of application. Guarantees are required.
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