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Standby Letters of Credit

A standby letter of credit is given to guarantee payment to a third party. Standby letters of credit are created as a sign of good faith in business transactions. The line of credit acts as a reference, since it guarantees the third party payment.

Features of a Standby Letter of Credit

  • Variable rate only - tied to Wall Street Journal Prime


Apply in person at any of our convenient locations in the Saint Paul & the surrounding Twin Cities area.

Contact us for current rates.

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