Keep your 
goods moving. Keep your 
goods moving.

Letters of Credit

We’ve got your back.

On occasion you may need the bank to back up an obligation to a third party.  You can do this with a Nantucket Bank Standby Letter of Credit.  Standbys are used for a variety of purposes, replacing the need for bid bonds, performance bonds, down payments, guarantees and evidence of financial responsibility.  A Nantucket Bank Letter of Credit is widely accepted and is usually less expensive than bonds issued by insurance companies.

For more information, call 508.228.0580 or contact one of our Business Bankers directly.

Import Financing

We can help you manage your importing needs

Nantucket Bank will work with you to provide customized financial packages to meet your international requirements for a variety of credit facilities, including:

  • Accounts receivable financing
  • Access to credit provided by foreign governments
  • Letters of credit

For more information, call 508.228.0580 or contact one of our Business Bankers directly.

Services for Exporters

Payment solutions for your exporting business.

As an exporter, you must consider the credit risk of your foreign buyer since it is rarely possible to receive cash in advance for your goods.  If you are selling outside of the United States there are several payment options available to limit your financial risk and improve your cash flow including:

  • Export Letter of Credit
  • Banker’s Acceptances
  • Export Financing

For more information, call 508.228.0580 or contact one of our Business Bankers directly.

Export Financing

Financing programs for your exporting business.

Whether you need financing before starting a manufacturing process or after you’ve made the sale, Nantucket Bank can help find the funds you need to export successfully via short, medium- and long-term export financing programs through such federal agencies as the Export-Import Bank of the United States and the U.S. Small Business Administration.

For more information, call 508.228.0580 or contact one of our Business Bankers directly.