Letter of Credit
A Letter of Credit is a conditional promise of payment to a third party up to a specified amount of money, such as a guarantee of payment to a supplier. G&F Financial Group can provide a letter of credit upon a members request at any of our branches. Contact the closest branch near you to find out more.
A Letter of Credit can:
- Help you maintain liquidity by not forcing you to make upfront payments
- Enable you to work with vendors who might not do business with you otherwise
- Conserve cash flow and working capital by doing away with the need to make advanced payments or deposits
- Demonstrate your credit worthiness and give you greater access to key suppliers