BusinessLoans

Letters of Credit

Guarantee payments to make sure your business deals go smoothly. This document ensures peace of mind and can help facilitate transactions by assuring the vendor or related party that your payment is backed by Summit Bank.

It can also increase your bargaining power and save you money on insurance bonds. Apply for your letter of credit today.

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Summary

  • Guarantee your company’s payment
  • Increase business partners’ peace of mind
  • Save funds usually needed for security deposits
  • Increased bargaining power
  • Can replace insurance bond
  • Help facilitate international transactions