Letters of Credit

Our Letters of Credit are a good-faith gesture to assure another party that you'll uphold the terms of a contract.

This secondary payment mechanism provides peace of mind in a business deal, and the expectation is that the letter of credit never will be drawn upon.

Financial Backup

  • Use it to strengthen your credit worthiness
  • Choose it as a lower cost option than a bid or performance bond
  • If necessary, beneficiaries draw on the credit by presenting a draft, copies of invoices and evidence that the contract's obligations haven't been met