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Letters of Credit
Commercial Letters of Credit
Expediting international transactions
Many companies involved in international transactions face a frustrating impasse:
sellers are reluctant to ship goods prior to receiving payment, and buyers hate
to make payments before receiving the goods. With a Montecito Bank & Trust
commercial letter of credit, however, you can use our good credit to give the
seller assurance of payment - allowing the transaction to proceed quickly while
giving you real protection if the products don’t arrive or satisfy your expectations.
Standby Letters of Credit
Guaranteeing performance
Not everyone you do business with is likely to know you like we do. A standby
letter of credit from Montecito Bank & Trust will give you the clout you
need to get the deal done because they’ll know we’re right there behind you –
every step of the way.
Ready to get started?
Call our Commercial Lending Department at (805) 564-0292 as we’d
like to discuss your financing needs.