Letters of Credit

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letters of creditSave valuable time and money with Letters of Credit from Central National Bank. This extension of credit can help your business secure payments to vendors or third parties, and with it contractors can guarantee the completion of a project. It’s also usually faster and more economical to pay a fee for a Letter of Credit than it is to actually borrow money in order to place a cash deposit.

A Letter of Credit from CNB offers:

  • Time-savings and economical alternatives to cash deposits
  • Secure payments to third parties, or
  • Use it as a project completion guarantee