Standby Letters of Credit

Sure, we’ll be your Plan B. We provide Standby letters of Credit as a financial guarantee to third parties that your business will fulfill its contractual obligations. It’s a way for your business to tell your partners that yes, CoastHills have you covered if something were to come up. For you, it frees up cash that would otherwise have to be held in escrow. If it turns out you need our help, we’ll fulfill our commitment and payment begins when letter is activated. It’s as simple as that.