Letter of General Credit

This Letter of General Credit sample letter can be used to provide general information for an established line of credit.  Not specified for a charge account opening or an opening of a credit line for any particular service, this sample letter is generic enough to fit the needs for your business.   

********************************

[date line]

 

                   LETTER OF CREDIT (GENERAL)

 

[name of bank]

[address]

[city, state, zip]

[country]

 

Sir:

 

We hereby agree to accept and pay at maturity any draft or drafts on us, at      day's sight, issued by [name of individual] of your city, to the extent of [amount of limit]  ($      ) Dollars, and negotiated through your bank.

 

Most respectfully yours,

 

                      _____________________

                           [Signature]

 

DATED:  _____________________

 

____________________[ADDRESS]

 

 

I hereby guarantee the due acceptance of payment of any draft issued in pursuance of the above credit.

 

                    ________________________

                    [SIGNATURE OF GUARANTOR]

 

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