Working with Guaranty Bank for your business accounts means that you have our support with your business needs. One simple way to make the most of your business relationship with us is to take advantage of a letter of credit to secure better business terms with vendors and suppliers. With a standby letter of credit you’re readily able to prove to new vendors that you have the financial backing to meet your payment commitments.
A letter of credit provides your vendor or supplier with the financial guaranty of payment based on the accounts that you hold with us. To issue a letter of credit we will review your commercial banking history and loan history with us and determine an optimal threshold of guaranteed credit for your business.
With the assurance of a standby letter of credit you can benefit from:
Apply for a Business Line of Credit
To have this handy bargaining tool ready when you need it, talk to a business loan officer about securing a standby line of credit for your business now. Call Guaranty Bank at 319-286-6200 or contact one of our business loan officers for more information.