Alaska United States Of America provides Standby and Commercial letters of credit in quantities of $2,500 and above.
Standby letters of credit – provide as an assurance to other people that your particular company can fulfill its obligations that are contractual. These are generally just utilized as back-up just in case the company does not spend. Standby letters of credit can be used to guarantee payment of loans, to make certain satisfaction of a agreement, or even to secure re re payment for items delivered by 3rd events. Continue reading