Standby Letters of Credit

GUARANTEES PAYMENT TO SELLERS

Also known by the abbreviation SBLC, this type of business financing provides a guarantee to any company you need to purchase goods from. Standby credit letters are particularly useful for international trade.

 

How Standby Letters of Credit Work

Businesses typically seek SBLCs in order to close on a contract with another business. In providing an SBLC, your lender guarantees payment in the event that your business defaults.

There are two types of Standby Letters of Credit:

Financial SBLOC: Guarantees payment for goods or services.

Performance SBLOC: Less common; guarantees completion of a project.

 

Learn more about Standby Letters of Credit from Horicon Bank!

Founded on invention and built on community support, Horicon Bank continues to innovate the way we do banking. And our commitment to the community has only grown stronger. With better banking options for our customers’ lives and a strong tie to our community roots, Horicon Bank is your digital community bank! To apply for a standby letter of credit, contact our team of business lenders or visit your nearest location in Appleton, Beaver Dam, Fond du Lac, Green Lake, Horicon, Iron Ridge, Markesan, Mayville, Neosho, Oshkosh, Randolph, Ripon, Waupun, or West Bend, WI.

 

Meet Your Business Bankers

Matt Berg
Matt Berg Business Banking Officer Beaver Dam 920-885-8110 Email Matt
Helcia Bierman
Helcia U. Bierman Mortgage Loan Originator, Vice President Green Lake 920-294-0657 Email Helcia NMLS ID: 473949
Jon Clark
Jon Clark Business Banker, Senior Vice President Markesan 920-398-4501 Email Jon
Tim Dillie
Tim Dillie Business Banker, Vice President Markesan 920-398-4509 Email Tim
Mike Fleischman
Mike Fleischman Business Banker, Senior Vice President West Bend 262-808-2671 Email Mike
Tony Kneepkens
Tony Kneepkens Business Banker, Officer Oshkosh 920-204-0723 Email Tony
Dave Kruck
Dave Kruck Business Banker, Vice President Oshkosh 920-891-7991 Email Dave
Steve Leaman
Steve Leaman Business Banker, Vice President Fond du Lac 920-952-7071 Email Steve
Jeff Liddicoat
Jeff Liddicoat Business Banking, Senior Vice President Ripon 920-290-3556 Email Jeff
Craig Much
Craig Much Business Banker, Vice President Waupun 920-382-9503 Email Craig
Terry O’Connor
Terry O’Connor Business Banker, Senior Vice President Beaver Dam 920-885-8114 Email Terry
Rick Schabo
Rick Schabo Business Banker, Market President Appleton 920-931-3718 Email Rick
Al Schwab
Al Schwab Chief Commercial Credit Officer, Executive Vice President Beaver Dam 920-885-8112 Email Al
Alexandra Solanki
Alexandra Solanki Business Banker, Vice President 414-416-6848 Email Alexandra
John Zanghi
John Zanghi Business Banking, Senior Vice President Beaver Dam 920-885-8113 Email John
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