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Letters of Credit

Standby   Square 1 Bank can issue a Standby Letter of Credit for numerous purposes, including bid and performance bonds, advance payment/payment guarantees, lease agreements, workers’ compensation, open account sales, tender offers and loan collateral.

Import   Square 1 Bank can issue an Import Letter of Credit on your company’s behalf, providing assurance that your goods will be shipped as you intended—before you pay.

Export   An Export Letter of Credit provides you as an exporter a high level of assurance that you will be paid for goods and services provided to a buyer. Square 1 Bank can assist you in receiving payment for your goods or services.

Documentary Guarantees   In the event that you are required to issue a guarantee in a foreign country, Square 1 Bank stands ready to assist you. By working with our dedicated partner banks, we can have the guarantee issued to fulfill your needs.