Standby letters of credit are common, but many people do not know what they are and what they are for. A standby letter of credit is a letter issued by a bank promising to pay the beneficiary if the originator does not do so. It is often in the form of a contract or, in some cases, a loan, whereby the bank guarantees the payment.
Accepts Credit Cards
Good for Kids
Good for Groups
Sells Gift Certificates
Get authorized for a loan in just minutes without impact to your credit score. 350+ lende […]