LETTERS OF CREDIT
Letters of Credit are a recognized payment method for working with established or new trading partners. They are a conditional undertaking by the bank in which the bank agrees to pay funds upon presentation of specified documents that are in compliance with the letter of credit's terms and conditions. First Bank offers the following letter of credit services:
- Commercial Letter of Credit
- Standby Letter of Credit
- Importation of Goods
Features & Benefits
- Up to $1,000,000
- Variable Terms
For more information about Small Business loans, visit the First Bank location nearest you.
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