HFG can provide Letters of Credit supported by availability under your Revolving Line of Credit. The amount available for Letters of Credit is generally established as a defined sub-limit under the Revolving Line of Credit at the time the Revolving Line is established.
Letters of Credit typically support company’s lease contract requirements, worker’s compensation and other insurance policy needs. Each Letter of Credit to each beneficiary is generally renewed at the end of one year from issuance.
