Close
Letter of Credit
Routing number: 221571473
Close
Personal
Digital Banking
Not enrolled? Sign up here.
Apply Online:
Personal Loan
Manage your products and services:
Business
Business Digital Banking
Not enrolled? Request more information.
Blocked? Contact us at 1-866-939-8039
Apply Online:
Manage your products and services:
Letter of Credit
Commercial Financing with a Letter of Credit
Expand your business opportunities by entering the international market. Our experts understand the complexities of doing business on a global scale and will guide you through the process.
We offer three types of letters:
- Import Letter
- Export Letter
- Stand-by Letter
Import Letters
Our global positioning and financial strength allow your suppliers to trust that they will receive their payments quickly and in compliance with terms and conditions.
Export Letters
We help you prepare the required documents and comply with the terms and conditions for submitting an export letter of credit. With our solid reputation, you can be confident that you will always receive your payments on time.
Stand-by Letters of Credit
In cases where you have been asked to provide a financial or performance guarantee, FirstBank can help you by issuing a stand-by letter of credit on your behalf as payment guarantee to cover performance under a contract or to provide a payment mechanism under a contract.
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
- Corporate resolution
-
Other documents may be requested, as required
Additional requirements for loans under the SBA Express program
-
Projected income and expenses for 3 years (if the business has been established for less than 2 years)
- Personal financial statements or SBA Form 413 Personal Financial Statements
CONTACT US
-
Small Business Banking for credit facilities up to $1 million
-
Business Banking for credit facilities between $1 million and $10 million
-
Corporate Banking for credit facilities over $10 million
Subject to credit approval. Certain restrictions apply.