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


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