Showing that you mean business starts with getting your project off the ground. A letter of credit from Primis gives you the guarantee third parties require to begin new large-scale or international business relations. We provide the support you need to take your business to the next level
Provides guarantee on payments of large purchases to third parties
Can replace need for costly insurance company performance bond
Can also be used to guarantee a service
Typically issued for 1-year term or less
- Terms easily renewed
- Interest accrues only if we must make payment to beneficiary on your behalf
Beneficial Ownership Requirements
All Primis business account holders will be required, due to regulatory reasons, to provide us with certain information on its Beneficial Owners.
This information must be provided on Primis’s Beneficial Owner Form before a new account can be opened, or any changes can be made to an existing account.
All loans are subject to approval.