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Wells Fargo Standby Letter of Credit

Wells Fargo Commercial Letter of Credit details
  • Up to $250,000
  • Secured by Wells Fargo deposits
  • Typically businesses with $2-5 million in annual sales

Best For

  • Securing deposit to guarantee performance of defined contract terms; Wells Fargo will only draw on security in event of non-performance

Other Features

  • One year; renewable term
  • Two week processing upon complete Letter of Credit application

Fees

Fees

  • 2%, plus documentation fees paid by the borrower at closing (2.5% below $50,000).
Call us at 1-844-807-5060 Mon – Fri: 6:00am – 6:00pm PT