Letters of Credit

A letter of credit is a guarantee of payment to your suppliers from a reputable source – us! It can be a great way to establish a solid relationship with a company when you don’t have a history with them.

Benefits Expand/Collapse

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 eliminating the need to make advanced payments or deposits
  • Demonstrate your credit worthiness and give you greater access to key suppliers

Features Expand/Collapse

You always get the Interior Savings Advantage:

  • Competitive rates
  • Expert advice
  • Local decision making
  • Fast loan approvals
  • Manageable monthly payments
  • A knowledge of and appreciation for your local community, market and economy

Types of Letters of Credit Expand/Collapse

We offer several types of Letters of Credit:

  • Clean, Documentary, and Restricted Credit
  • Irrevocable Credit
  • Revocable Credit
  • Revolving Credit
  • Open Form
  • Transferable

Local Connection Expand/Collapse

Ask about Letters of Credit at any of our Interior Savings Branches or specialized Commercial Services Centres in Kamloops or Kelowna.

Always here to help.

When you're a member of Interior Savings, you're among friends. What do you need to get done today?


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