Start new business relationships off on the right foot with a letter of credit from your partners at Keystone Bank.
Key Features
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Fast Processing
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In-House Decision-Making
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Local Service
What to Expect
- 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 1-year term or less
- Terms easily renewed
- Fee is based on face value amount
- Interest accrues only if we must make payment to beneficiary on your behalf
- Fast, local decision-making and processing in your own community
- Detailed, personalized service from start to finish