Letters of Credit - Business Banking | Machias Savings Bank in ME

The Thrive Maine forgivable loan program administered by FAME opens at 9:00 a.m. on Tuesday, May 23nd and closes at 4:30 p.m. on Friday, June 23rd. Click here for details. 

Prepare to apply with resources and tools from FAME by clicking here.

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Letters of Credit

Letters of Credit

You have dreams for your business. Whether they're big or small, you deserve the chance to make your dreams come true. With a Letter of Credit, Machias Savings Bank has your back so you can keep turning dreams into reality. That's our promise to you.

Details

  • Guarantee of payment where the bank promises to pay a third party if requested or required
  • Bank's backing allows you to transact business with a third party requiring guarantee of payment
  • Can be used for bonding purposes
  • Costs less than some insurance bonds
  • Is normally irrevocable for the term
  • No interest paid if not used
  • Can be used for construction projects or snow plow contracts

Our Business Banking professionals provide personalized service and expert advice, matching your business needs to the right products and services. Contact one of our Business Bankers today to learn more about our customized products, services, and solutions for your business!

Contact a Business Banker

Location: Machias edit my branch location button

4 Center Street
PO Box 318
Machias, ME 04654

(207) 255-3347
Fax: (207) 255-9439

Lobby
Mon - Fri 8:00 am - 5:00 pm

 

Sam Whitney
Manager 

 

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OUR FOCUS

As a customer of Machias Savings Bank, the focus is on you. We will enhance your banking relationship by working with you to discover your banking needs. We will be there when you need us.

 

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Member FDIC. Equal Housing Lender logo Equal Housing Lender.
Routing Number: 211274531
Domestic and International Wire Instructions
NMLS Number: 469539

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