Letter of Credit

Looking for a way to establish a solid relationship with a company with whom you have little or no history? A Letter of Credit from MainSource guarantees the payment up to the available line amount to help you make purchases with companies with whom you have limited trading experience or credit history. Subject to credit approval.


Business Need
Letter of Credit needs

$10,000 to $15,000,000

1-2% with a $500 minimum

Collateral Requirements
Secured by business assets

Repayment Terms
Due on demand

12 months


Call or stop by your nearest MainSource Branch to learn more.