Letter of Credit

What is a Letter of Credit?

Letters of credit help businesses to trade internationally with confidence by providing important guarantees, whether you’re the business who’s importing or exporting the goods.

When exporting using a letter of credit, you have a bank guarantee that you will be paid in the event your customer is unable to settle the debt. Importers, meanwhile, benefit from knowing they will receive the goods ordered before you have to pay.

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What are the benefits of a letter of credit?

  1. Exporters gain peace of mind that they will be paid for their service, even if their customer goes out of business
  2. Importers know they won’t have to pay if the supplier fails to fulfil the order on time, and could negotiate a better price
  3. Letters of credit enable businesses to trade in confidence with businesses in overseas markets they may not be familiar with
  4. A bank letter of credit is an internationally recognised, secure method of settlement
  5. They can also help the exporter to secure an invoice finance facility, to bridge the cash flow gap arising from trading on credit terms

How can I secure a letter of credit?

Whether your supplier has asked for you to set up a letter of credit or you would like your customer to do so, Hilton-Baird Financial Solutions can help guide you through the process.

To find out more about how we can help, call us on 0800 9774833 or email info@hiltonbaird.co.uk.

I was delighted with the quick turnaround. It was exactly what I wanted and I was extremely impressed with the service I received from Hilton-Baird that enabled this.

Heulwen Holt, Managing Director, Ceredigion Couriers

Funders we work with

  • Creative Capital
  • Positive Cashflow Finance
  • Skipton Business Finance
  • Ultimate Finance Group
  • ABN AMRO Commercial Finance
  • Davenham Asset Finance
  • Asset Advantage
  • GapCap Cashflow Finance
  • IGF Invoice Finance
  • GE Capital
  • Regency Factors
  • 1pm
  • Everline
  • iwoca
  • Leumi ABL
  • Aldermore Invoice Finance
  • Platform Black
  • Market Invoice
  • PNC Business Credit
  • Calverton Finance
  • Trade Finance Partners
  • Innovation Finance
  • Factor 21
  • Royal Bank of Scotland
  • Davenham Trade Finance
  • Working Capital Partners
  • Hitachi Capital Invoice Finance
  • Partnership Invoice Finance
  • Ashley Commercial Finance
  • Metro Bank SME Finance
  • Secure Trust Bank
  • Outsauce
  • Bibby Financial Services
  • Shawbrook Business Credit
  • Pulse Cashflow Finance
  • Team Factors
  • Santander Corporate & Commercial
  • Barclays
  • Close Brothers Invoice Finance
  • Woodsford Tradebridge
  • Nucleus Commercial Finance
  • Catalyst Finance
  • First Capital Factors
  • Lloyds Bank Commercial Finance
  • Assetz Capital

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

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