Letter of Credit

One of the least understood yet most powerful corporate finance tools is the Letter of Credit (LOC). While it is used fairly extensively by larger companies, many small to medium business operators have not had the opportunity to leverage this valuable vehicle for their enterprise. The IBS, N.A. Standby Letter of Credit Program is often the “missing link” that a business needs to unlock its true growth potential. With an underwriting process which is typically more flexible than those offered by depository banks, our clients are able to obtain a reliable LOC with the certainty of execution.


LOC’s Offered


Performance Letters of Credit (PLC): IBS, N.A. originates PLC’s to safeguard its client’s commitment to performing services in a timely and satisfactory manner. IBS, N.A. PLC’s have been leveraged by a diverse group of companies from services providers requiring guarantees for government contracts, to manufactures and distributors seeking to earn large private contractors. 

Standby Letters of Credit (SBLC): IBS, N.A.  provides SBLC’s to guarantee large inventory purchases required to fulfill purchase orders. When cash-on-hand is not readily available for inventory purchases. Our SBLC’s have been used by distributors manufacturers and retailers to provide repayment guarantees to suppliers for the delivery of critical inventory.
Program Overview

  • Transaction sizes from $500,000 to $10,000,000.
  • Dedicated syndication capabilities up to $50,000,000.
  • Rates starting at LIBOR plus a margin of 3 for cash-secured and WSJ Prime plus 6 for unsecured (based quality metrics)issuances. 
  • Issuing in favor of beneficiaries within a matter of a few days.
  • Providing seamless completion of contract negotiations


Learn how IBS, N.A. drives over 3,500 small and middle market sized companies through its nation-leading corporate finance programs via the buttons below and reach out to a Relationship Manager for more information:


Working Capital Loan

Expansion Term Loan

Asset Based Lending

IBS Client Financing Program

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


West Palm Beach Office 

The Wagg Building 

215 South Olive Ave

Suite 201

W.Palm Beach, FL 33401



Capital Funding Solutions Office

2021 Tyler Street 

Suite 208

Hollywood, Florida 33020



Phone: +1 954 889-5827



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