Letters of Credit

We offer Letters of Credit to qualified businesses.

When it comes to running your business, the ability to purchase supplies and inventory is critical. That’s why we offer letters of credit to qualified businesses.

To apply, you’ll need to:

  • Request the application from one of our representatives at any of our branches

  • Provide signed copies of the business’s three most recent annual tax returns and financial statements

  • Provide a personal financial statement from each owner, validated within the last 90 days

  • Provide your current business plan, along with a listing of the collateral to be pledged for the loan

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Originate business loans and lines of credit through our digital platform

Start here

Ready to open your account? Review the help guide

Make sure you have the following documents available before starting the process.

  • Business tax returns for the last 2 years or financial statements prepared by a CPA3

  • Interim financial statements (if the latest statement is more than 6 months old)

  • Personal financial statement that is recent, as of the date of origination

  • Business background or plan

  • Corporate documents, as applicable, depending on the legal entity

Additional requirements for loans under the SBA Express program​

Contact Us

Need more information

Call us

USVI: 1-866-695-2511

 

  • Small Business Banking for credit facilities up to $1 million
     

  • Commercial Banking for credit facilities over $1 million

 

LEGAL USVI

Member FDIC for USVI and Puerto Rico only. Subject to credit approval. Additional charges may apply. FirstBank Virgin Islands is a division of FirstBank Puerto Rico.

 

LEGAL BVI

Subject to credit approval. Additional charges may apply. FirstBank British Virgin Islands is a division of FirstBank Puerto Rico.

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