Standby Letters of Credit


We vouch for your company with guaranteed business financing.

Put your next business deal in motion with backing from a Standby Letter of Credit from CoastHills. If you're working with a new supplier, vendor or international company, you may need to provide this letter as assurance that any payment you owe will arrive on time and in the correct amount. Meanwhile, it frees up cash that you'd otherwise hold in escrow.

A high ceiling

Access letters in amounts up to $100,000.

Choose your pricing

Opt for fixed or variable rates, depending on your needs.*

Select your structure

Standby Letters of Credit are available secured and unsecured.

CoastHills Credit Union is a full-service financial institution with 12 Central Coast locations throughout Santa Barbara and San Luis Obispo counties.

*All applications are subject to credit approval. Some restrictions may apply.

Business Checking Account

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Here to help

No matter your inquiry, give us a call at (805) 733-7600, or use one of our other convenient contact methods.