Sample Letter of Credit

SAMPLE LETTER OF CREDIT

This letter should be on Bank stationary with your loan officer’s signature and phone #. Without this letter, no purchases can be removed from the premises until your check or wire gets clearance. 

(Dear Mr. Taylor or Taylor Auction & Realty, Inc.)

Mr. John Doe of COMPANY NAME our customer will be attending your auction on __________________________________ for the sale of the assets of Shamrock Demolition and Waste Haulers of MS., LLC.   Mr. John Doe is a customer of our bank and this bank will guarantee payment on his check up to the amount of $_________________. This letter is good until so many days after the date of this letter or an exact date. )