Business Letter of Credit
If you need additional security to support a lease on a building or piece of M&E, or a vendor wants a more formal guarantee of payment, a Letter of Credit is the way to go. Bellwether provides secured letters of credit guaranteed by funds on deposit with the credit union. For domestic business purposes only, we can assist your business in negotiating what some may see as more risky transactions, by providing the guarantee of a letter of credit. In this way, both your business and the lessor/vendor will benefit from a formalized reduction of risk. If you think this may be helpful for your business, give us a call today for more information.