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Inspire confidence and add more certainty to larger purchases — guarantee payment with a letter of credit from Chelsea State Bank.

Key Features

  • Local Decisions
  • Friendly Service
  • Provides guarantee on payments of large purchases to third parties
  • Can replace need for costly insurance company performance bond
  • Can also be used to guarantee a service
  • Typically issued for 1-year term or less
  • Terms easily renewed
  • Fee is based on face value amount
  • Interest accrues only if we must make payment to a beneficiary on your behalf
  • Customized terms designed around your unique needs
  • Fast, local decisions made here in our Chelsea and Dexter communitites
  • Attentive, friendly service from start to finish