Service Center
IMPORTANT INFORMATION: On Thursday, October 10, 2024, Provident branches will close as early as 3:00 PM. Please click here to view the hours of your branch. Online access to your account(s) will not be affected.
Trade letters of credit help eliminate the obstacles involved in foreign trade. Provident Bank can mitigate risk by facilitating the receipt and payment of goods on behalf of both parties. So, no matter where in the world you’re doing business, we’ll be there.
Domestically, standby letters of credit guarantee payment to a vendor or supplier so a product or service can be delivered in return. These protect a third-party, such as a landlord or supplier, from any losses it would incur if your business failed to perform some obligation. Additionally, these credits frequently are used with payments for unpaid invoices or monetary performance under a contractor project.
Contact our Commercial Lending Representatives to learn about your Letters of Credit options.
FIND MY LOCAL BRANCH! Contact UsTrade letters of credit help eliminate the obstacles involved in foreign trade. Provident can mitigate risk by facilitating the receipt and payment of goods on behalf of both parties. So, no matter where in the world you’re doing business, we can assist.