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Park Bank - First In Lasting Relationships ®
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  4. Import and Export Letters of Credit

Import and Export Letters of Credit

Letters of credit give you greater control over your international and domestic trade activities by reducing your payment and collection risks and improving operational efficiency.

Standby Letters of Credit:

Enhance your credit position by providing added assurance to your business suppliers and partners in domestic and international trade. We stand by your ability to pay or meet your obligations by providing a financial guarantee that all agreed-upon conditions will be met:

  • in lieu of bid and performance bonds
  • to support advance payment and payment guarantees
  • to supplement credit limits with suppliers
  • as a secondary means of payment to creditors

Import Letters of Credit:

  • Ensure that import shipments and documents comply with your agreed-upon terms.
  • Park Bank issues letters of credit on your behalf, verifies that your supplier’s documents are in order and pays your supplier.

Export Letters of Credit:

  • Ensure payment when you sell goods overseas.
  • Park Bank checks the authenticity of the letter of credit, examines the required documents after shipment is made and forwards the documents to the issuing bank for review and payment.

Turn to Park Bank for proven experience coupled with precise knowledge of the latest regulations. We’ll structure and finance letters of credit to enhance your sales efforts and streamline your international trade transactions.

 

Certain restrictions apply. Credit subject to review and approval.

Email is not a secure method of communication. Do not send personal information (e.g., Social Security number, account number, date of birth, etc.) in your message.

Park Bank - First In Lasting Relationships ®
414.466.8000
Find an ATM
  • Downtown Milwaukee

    330 East Kilbourn Ave
    Milwaukee, Wisconsin 53202
  • Downtown – Drive Thru

    302 East Wells St
    Milwaukee, Wisconsin 53202
  • Northwest Milwaukee

    7540 West Capitol Dr
    Milwaukee, Wisconsin 53216
  • Brookfield

    14870 West Greenfield Ave
    Brookfield, Wisconsin 53005

Lobby Hours:

Weekdays: 9:00 a.m. - 5:00 p.m.
Saturday: 9:00 a.m. - Noon
(Kilbourn Ave not open on Saturdays)

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Saturday: 9:00 a.m. - Noon

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