Standby Letters of Credit

A flexible tool for a variety of credit situations

When you encounter a business transaction that requires assurance that your payment will be made but a trade or documentary letter of credit doesn't fit, a standby letter of credit, or SBLC, may be what you need. It doesn't have to be related to the purchase of goods or services but instead is based on a contractual agreement or other obligation and is drawn upon by the beneficiary only when the applicant fails to meet the underlying obligation.

Benefits of Standby Letters of Credit

Get payment assurance to keep business humming

Certify

Certify creditworthiness with both domestic and foreign transactions.

Simplify

Eliminate the need for cash deposits or more complicated guarantees, such as bid or performance bonds.

Validate

Establish creditworthiness of US-based parent companies to subsidiaries overseas.

Save

SBLCs are less expensive than bonding and other credit facilities.

Guarantee

Ensure that international transactions are properly structured.

Standby letter of credit forms

Business Digital Banking

Manage your business on the go

Manage your accounts from anywhere

Send and transfer money using ACH and wires

Receive account and security alerts

Business Digital Banking

Manage your business on the go

Manage your accounts from anywhere

Business Digital Banking

Manage your business on the go

Send and transfer money using ACH and wires

Business Digital Banking

Manage your business on the go

Receive account and security alerts

Normal credit approval applies.

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NMLSR ID 503941