In today's business, deals require more than just a handshake. A letter of credit from American Bank can help you get deals done by assuring your business partners that payment is guaranteed.
Offering a letter of credit not only helps your deals go smoothly, it can also replace an insurance company bond and give you additional negotiating power. It's also a valuable tool as a business seeks to expand relationships with creditors.
- Guarantee payments on large payments and contracts
- Conserve cash ordinarily used for security deposits
- Can replace insurance company bond
- Enjoy a stronger negotiating position
- Facilitate international business transactions
