Letters of Credit
At Lakeland Bank, we have a variety of Letters of Credit guaranteeing accurate and timely payments. We stand behind our customers, offering them the support they need to ensure transactions go smoothly.
Import or Domestic Letter of Credit
This Letter of Credit is primarily for customers who are the buyers or importers of commercial goods and services. Using this option guarantees the seller that they will receive payment for the goods that were purchased if the proper documents are presented.
Export Letter of Credit
This Letter of Credit is primarily for customers who are selling/exporting commercial goods and services. Using this option guarantees our customer, who is selling the goods, that they will be paid if the proper documents are presented.
Standby Letter of Credit
A Standby Letter of Credit is issued for customers to enable them to support international trade agreements and other types of payment and performance obligations. This document provides assurance that the customer will fulfill the terms of the agreement.