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United Texas Bank
United Texas Bank Online Banking
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Create a foundation of trust and respect between your business and third parties with a letter of credit from United Texas Bank. By giving third parties the assurance they need, our letter of credit enhances your standing in large-scale or international business relations.
 
 

Details

  • Provides guarantee on payments of large purchases to third parties
  • Can replace need for costly insurance company performance bond
  • Can also be used to guarantee a service
  • Typically issued for one-year term or less
  • Terms are easily renewed
  • Fee is based on face value amount
  • Interest accrues only if UTB must make payment to beneficiary on your behalf
  • Beneficial owner info required when you apply
Get the business solutions you need to move your business forward – with a business letter of credit from UTB. Speak to an experienced Texas commercial lending officer today at 972-239-7000.
 
 
 
Normal underwriting criteria apply.
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