Sign On
- Available to customers with an established Wells Fargo business checking or savings account
- Up to $250,000
- Secured by Wells Fargo deposits
- Typically businesses with $2-5 million in annual sales
Great 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
