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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

Amount
$10,000 to $15,000,000

Fees
1-2% with a $500 minimum

Collateral Requirements
Secured by business assets

Repayment Terms
Due on demand

Maturity
12 months

 

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