LETTERS OF CREDIT
- When opportunity knocks, you absolutely have to act fast. and you need to know you have a guarantee of the financial backing that will be required. Our funding resources provide that security through issuing Letters of Credit.
More information on Letters of Credit can be found here:
- "Credit" or "letter of credit" involves an arrangement by a lending institution, bank or person, that is made at the request of a client, that meets the criteria set forth in Article 5, Section 5-102 of the Uniform Commercial Code (UCC). The issuer will honor drafts or other demands for payment upon compliance with the conditions specified in the credit. An established credit may be structured as either revocable or irrevocable. The engagement may be either an agreement to honor or a statement that the bank or other person is authorized to honor.
- If you are interseted in establishing or selling Letters of Credit, fill out the Client Profile Worksheet and contact a certified Cash Flow consultant for assistance today!