Letters of Credit

Offering letters of credit should you require one for a build condition. Speak with a commercial account manager for more information.

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Letters of Credit

Letters of Credit

A letter of credit is a promise to pay a third party a specified amount upon demand. At Integris, we have many different financing options available for businesses including letters of credit. A letter of credit may be requested in order for a contract to be approved for things like construction projects as a condition to building permits. A letter of credit may allow your business the opportunity to increase your receivables, as opposed to losing out on possible business opportunities. Contact your commercial account manager for more details and financing options regarding your Letter of Credit.

Benefits & Features

  • Eliminates the need to deposit cash directly with the beneficiary
  • Fees are less than loan interest
  • Secured options available
  • One-year terms available, renewed annually until cancelled
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