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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
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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

Some of the funders we work with

  • Catalyst Finance
  • IGF Invoice Finance
  • Pulse Cashflow Finance
  • Aldermore Invoice Finance
  • Santander Corporate & Commercial
  • MarketFinance
  • Davenham Asset Finance
  • Secure Trust Bank
  • Peak Cashflow
  • Royal Bank of Scotland
  • GapCap Cashflow Finance
  • Metro Bank SME Finance
  • Regency Factors
  • ABN AMRO Commercial Finance
  • Roma Finance
  • Berkeley Trade Finance Ltd
  • Creative Capital
  • Spotcap
  • Davenham Trade Finance
  • Gener8 Finance
  • Skipton Business Finance
  • Barclays
  • Partnership Invoice Finance
  • Haydock Finance Ltd
  • PNC Business Credit
  • Team Factors
  • Woodsford Tradebridge
  • Shawbrook Business Credit
  • Close Brothers Invoice Finance
  • 4Syte
  • Investec
  • iwoca
  • Giant
  • Nucleus Commercial Finance
  • Innovation Finance
  • Lloyds Bank Commercial Finance
  • Merchant Money
  • Ultimate Finance Group
  • Positive Cashflow Finance
  • Asset Advantage
  • Calverton Finance
  • Trade Finance Partners
  • InvoCap
  • Leumi ABL
  • Boost Capital
  • Bibby Financial Services
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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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