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|
To learn more about a Letter of Credit for your business, contact a local lender.