Maintain Credit on Your Terms
At Franklin Savings Bank, we’ve got your back when it comes to your business. FSB’s Commercial Lending Team helps you structure letter of credit terms that best meet the needs of your business—so that you can have the funding you need, when you need it.
Letter of Credit Details:
- FSB’s backing allows you to transact business with a third party requiring evidence of payment guarantee
- Can be used for bonding purposes (may even cost less than some insurance bonds!)
- Is normally irrevocable for the term
- You pay no interest if you don’t use it!
- Can assist with construction projects