Letters of Credit
Whether your business takes you across the world or from coast to coast, rest assured Dime Community Bank has the solution for your business.
Dime will work with you to provide fixed Standby Letters of Credit to ensure your transactions are uninterrupted.
Dime Community Bank is a partner committed to the success of your company. Our relationship managers will meet with you, discuss your needs and assist you in structuring fixed Standby Letters of Credit. With a trade letter of credit, you can reduce risk while ensuring the receipt and payment of goods on behalf of both parties.
Guarantee payment to a vendor or supplier to facilitate delivery of a product or service. Letters of Credit protect third parties from any losses should your business fail to perform an obligation. Typically, these credits help with payments for unpaid invoices or contract-related monetary obligations.
- Complete the Interest Form
Let's talk about what we can do for you.
- Meet with a Dime Relationship Manager
Our relationship manager will meet with you and work with you to find the right terms.
- Access funds in a timely fashion
Our approval process is local. That means you’ll get your letter of credit sooner.