Commercial Letters of Credit
American Enterprise Bank offers Commercial Letters of Credit for its business customers for situations requiring you to substitute the strength of the bank’s credit standing for your own. AEB can provide Standby Letters of Credit and Documentary Letters of Credit. A Standby Letter of Credit provides assurance or backs performance of an obligation. It is often used to back-up payment of invoices, rent, promissory notes, real estate construction and bid performance. A Documentary Letter of Credit is issued to cover the shipment of goods either internationally or domestically.
For more information contact your local AEB branch, or click here to contact us via email.