Letter of Credit


If you've ever gone to a networking event, you know it can really help to get introduced by a trusted friend (and we're not talking about one of those "Hello, my name is" stickers, either).
More than an introduction, a letter of credit is a guarantee of payment to your suppliers — and it can be a great way to establish a solid relationship with a company when you don't have a history with them.

We offer several types of Letters of Credit:

•    Clean, Documentary, and Restricted Credit
•    Irrevocable Credit
•    Revocable Credit
•    Revolving Credit
•    Open Form
•    Transferable

Letters of Credit can:

•    help you maintain liquidity by not forcing you to make upfront payments
•    enable you to work with vendors who might not do business with you otherwise
•    conserve cash flow and working capital by eliminating the need to make advanced payments or deposits
•    demonstrate your credit-worthiness and give you greater access to key suppliers

 

Call or stop by Ganaraska Financial Credit Union to find out how Letters of Credit can help your business.

 

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