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.

Request a call back

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

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

Authorised and Regulated by the Financial Conduct Authority
Hilton-Baird is an Independent Introducing Agent (Broker) and not a Lender

Our website uses cookies. For more information about managing cookies, visit our Privacy and Cookie Policy. Continue