How do I obtain a letter of credit (import/standby) from TD Bank?
Import and standby letters of credit are an extension of credit, like a loan. The bank must make a decision to grant you credit, just as they would for any commercial loan. For small businesses, you need to begin the process by talking to the banking and business development officer at your local TD Bank store; larger corporations should speak with a commercial lending officer. The seller normally provides the specific details of the letter of credit, and you would use that information to complete our commercial letter of credit application or standby letter of credit application. The completed application is processed by the TD Bank Global Trade Finance department once the lending authority at the bank has approved the extension of credit to you.
