The People's Bank

Letters of Credit

Make sure every business transaction goes smoothly with a commercial letter of credit from Bank of Guam. A letter of credit is the means by which the bank extends its credit on your behalf. It protects both the buyer and seller in an agreement and guarantees that payments are received. Get one for your business today.

Letters of Credit
Features & Benefits
  • Assure guarantee of payment
  • Make business transactions go more smoothly
  • Increased vendor confidence
  • Can sometimes be used in lieu of security or insurance bond
  • Get additional leverage and bargaining power