Skip to Main Content

Letters of Credit

A letter of credit can provide your business with extra credential support to enhance your possibilities with a new supplier — especially when it comes to international commerce.

  • Provides guarantee on payments of large purchases to third parties

  • Can replace the need for costly insurance company performance bond

  • Easily renewable terms

Senior couple picking tomatoes together in greenhouse
Farmer using tablet to check Letters of Credit in yellow flower field at golden hour

Today’s Business Landscape Is Different

Nobody knows your finances better & wants you to succeed more than a bank centered right in your own community.

  • Typically issued for 1-year term or less

  • Fee is based on face value amount

  • Interest accrues only if we must make payment to beneficiary on your behalf

  • Can also be used to guarantee a service



Get More Help

What is the difference between a hard and soft credit inquiry?

What types of credit products does OMB offer?

How do I apply for a loan through OMB?

Not sure which account is right for you?