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When cash deposits, bonds or other assurances are exhausting your liquidity, a letter of credit might be your perfect alternative.

Key Features

  • Competitive Rates & Flexible Terms
  • Experienced Lenders
  • Local Decision Making
  • Relationship-Based Service
  • Provides guarantee on payments of large purchases to third parties
  • Can replace need for costly insurance company performance bond
  • Can also be used to guarantee a service
  • Typically issued for 1-year term or less
  • Terms easily renewed
  • Fee is based on face value amount
  • Interest accrues only if we must make payment to beneficiary on your behalf
  • Local decision-making and processing in the LA and Orange County area
  • Personalized service that aligns our offerings with your needs