Letters of Credit
A Letter of Credit is a document issued by a bank on behalf of a customer serving as evidence of financial coverage of the bank, ensuring that the seller will receive payment when the proper documents confirm the completion of the transaction. These letters of credit authorize drawing of sight or time drafts when certain terms and conditions are fulfilled. The letter of credit works as a guarantee that the seller will receive payment even if the buyer fails to pay.
Continental National Bank is happy to offer qualified businesses documented letters of credit that facilitate domestic or foreign transactions. Contact Us today or visit one of our many locations to learn more about our letters of credit offerings.