Sitio disponible en Español Traducir

Placeholder Text:

Letters of Credit

Let Inter National Bank’s financial strength back you up during your negotiations with suppliers! A letter of credit from Inter National Bank will enable your business to purchase goods, assuring payment to a seller. 

Terms & Requirements

Typical Requirements

Satisfactory Credit History

Existing business with 2 full years of business history

Any principal owning 20% or more should guarantee the credit

3 most recent years of business and personal tax returns (Borrower and Guarantors)

3 most recent years of business financial statements and interim business financial statements

Current Personal Financial Statements (Download a personal financial statement template here).

Current debt summary schedule for business and guarantor


Letters of credit are typically secured by a certificate of deposit. 

All letters of credit should have an expiration of one year or less and must match the maturity of the CD. Unless fully secured by a cash deposit, a letter of credit should not be subject to an automatic renewal clause.

Competitive variable and fixed rates

Pay no interest until funds are drawn

Payment terms may vary

Why Choose INB?

International banking is not foreign to us. At Inter National Bank, we make it easy to live, travel and work on both sides of the border with a full suite of financial products designed for you.

Frequently Asked Questions

If you have a question or need help with your account, we are a click or short phone call away. Find answers to our most common questions below, or if you would like, contact us and we will be more than happy to assist you.

You are leaving an Inter National Bank website and entering a third-party website. Inter National Bank has provided this link as a courtesy to our website visitors, but does not endorse and is not responsible for the products, services, content, links, privacy policy and security of this third-party site. You are advised to review this third-party's privacy and security practices.

You are being redirected to the ADP Workforce Now website to view the job description. ADP is a trusted partner of Inter National Bank. To apply for the specific position, you will need to create a user profile with ADP. You may use this same user profile to check your application status or apply for other positions with Inter National Bank in the future.

Start your application off right by choosing one of our mortgage lending professionals. By assigning a lender to this application, you are guaranteed superior personal service.

Choose Your Lender