Franchises

What needs to be in place for a bank to produce a letter of credit on my behalf?

min read
Opinions expressed by Entrepreneur contributors are their own.
Since individual banks issue their own letters of credit, take a look at the bank's letter of credit form, and you will see what specific documentation they require. Invoices, shipping arrangements, dates, times, etc.--these will all be required by the bank who issues the letter of credit.

Speak with an attorney about your contracts to make sure you're legally protected to receive the commission they've agreed to give you.

More from Entrepreneur

David provides constructive insight to help businesses focus on their company growth, build brand awareness and know when and how to raise money.
Book Your Session

For a limited time only, get this bundle of Entrepreneur PressĀ® titles for less than $30 (60% OFF) on our bookstore when you use "LEAP" at checkout.
Buy Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.