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Articles – Letter of Credit

Are you buying products from a foreign supplier and need a letter of credit? We offer letters of credit as part of our purchase order financing program. The following resources give you a basic understanding of how letters of credit work in the context of our program.

Resources:

  • What You Need to Know About Letters of Credit. This article gives you a basic idea of the different types of letters of credit. It also explains one alternative way to get a letter of credit if you are not able to post the collateral that the bank requires.

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