Letter of Credit

One of the least understood yet most powerful small business financing tools is the Letter of Credit (LC). While it is used fairly extensively by larger companies, many small business owners have not had the opportunity to leverage this valuable vehicle for their enterprise. The LC is often the “missing link” that a business needs to unlock the capital that it needs to succeed.


Due to the regulatory nature of depository banks, LC approval decisions are primarily based upon the review of corporate tax returns, personal and business credit as well as other factors. In addition, depository banks typically require a 1:1 ratio of cash-on-hand versus the amount of the LC. Unfortunately, many businesses are being denied the credit that they need to grow based upon historical data and their present cash position. Banks often turn to IBS to fulfill their client’s Letter of Credit needs and enhance their relationships.



IBS, N.A. originates Performance Letters of Credit (PLOC) to safeguard its client’s commitment to perform services in a timely and satisfactory manner. IBS, N.A. also provides Stand-By Letters of Credit to client’s who are performing international trade or other large purchase contracts where other forms of payment protection cannot be obtained. With an underwriting process that is typically more flexible than those offered by depository banks clients are able to obtain a reliable LC with certainty of execution.


Program Overview
• Transaction sizes from $500,000 to $5,000,000.
• Dedicated syndication capabilities up to $20,000,000.
• Rates starting at WSJ Prime plus 3 for cash secured and

  WSJ Prime plus 6 for unsecured (based on company EBITA)


• Issuing in favor of beneficiaries within a matter of a few days.

• Providing seamless completion of contract negotiations.







Contact Us

Institutional Banking Services, N.A. CORP


Fort Lauderdale Office

Mailing and Appointments

401 E Las Olas Blvd

Suite 1400

Fort Lauderdale, FL 33301


Boca Raton Office 

Executive Office

101 Plaza Real S

Suite 222

Boca Raton, FL 33432


Capital Funding Solutions Office

2021 Tyler Street 

Suite 208

Hoolywood, Florida 33020



Phone: +1 954 889-5827


Or use our contact form.

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