Let us help you establish trust and credibility
with your new business opportunities.
- Fast Processing
- In-House Decisions
- Dedicated Relationship Managers
- 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
- Fee is based on face value amount
- Interest accrues only if we must make payment to beneficiary on your behalf
For more information about letters of credit available at Lighthouse Bank, please contact a Relationship Manager.