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A handshake used to be all you needed to close a deal. Today big business is a very different landscape. A letter of credit can provide your business with extra credential support to enhance your possibilities with a new supplier — especially when it comes to international commerce. Nobody knows your finances better and wants you to succeed more than a bank centered right in your own community.

  • Provides guarantee on payments of large purchases to third parties
  • Can replace need for costly insurance company performance bond
  • Can also be used to guarantee a service
  • Typically issued for 1-year term or less
  • Terms easily renewed
  • Fee is based on face value amount
  • Interest accrues only if we must make payment to beneficiary on your behalf

COMMUNITY INVOLVEMENT

We've helped generations of Minnesota families (so we feel a little invested). See how we support your community.

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Make the Switch

Let us take care of you. Follow these simple steps to switch your accounts and services to Center National Bank.

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