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.
- 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.