Standby Letters of Credit

Tioga State Bank provides standby letters of credit (SLOC). A SLOC is a guarantee of payment by a bank on behalf of their customer. A Standby Letter of Credit can help prove a business’ credit quality and repayment abilities and are most often used to help your business obtain a contract.

In order to determine if a SLOC would be beneficial to your business, contact a Tioga State Bank Business Banking specialist today.

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