Working Capital Guarantee
The BDIC can help your business obtain working capital financing (i.e. operating line of credit or overdraft from your bank) by guaranteeing the working capital arrangement with an Irrevocable Standby Letter of Credit.
There is an annual commission charge for guarantees which varies from 2% to 4%, depending on the credit risk involved.
For more information on Working Capital Guarantees, please contact your regional Industry, Tourism and Investment office or contact us at 867-767-9075.