Business Letters of Credit
If you need an assurance of repayment to a third party to allow you to build or expand your business, we can help. A letter of credit is a promise from Prospera, on your behalf, that funds are available and payment of a speciﬁed amount will be made to the beneficiary. Whether you are dealing with a local municipality who requires a guarantee for site services, or a supplier who needs a guarantee of payment before shipping a product, a letter of credit can help. This solution allows you to maintain cash flow and working capital by eliminating the need to make advance payments or deposits.
To meet a Prospera Business Account Manager, contact a Business Banking Centre in your area.