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Letter of Credit


Looking for a way to establish a solid relationship with a company with whom you have little or no history? Letters of Credit serve as guarantees of payment to facilitate transactions with companies with limited trading history. Ideally, Letters of Credits are 100 % cash backed by the customer, however IB works with individual clients to tailor products to support funding needs.

LETTERS OF CREDIT BENEFITS

  • Can be used to guarantee payment for goods and services
  • Standby Letter of Credit serves as assurance that your business will fulfill its contractual obligations.

For detailed information on loans, contact our credit department  or visit one of our branches today.