Making large purchases or working with a third party? We can back you up with a guarantee. Get a letter of credit and forget about having to deal with an insurance company.
Key Features
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Local Decisions
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Friendly Service
Details
- 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
- Terms easily renewed
- Fee is based on face value amount
- Interest accrues only if we must make payment to beneficiary on your behalf