Clients are often surprised by the speed of our response to a loan request. Lines of credit. A revolving credit line permits clients to borrow at will without extensive paperwork or separate loan approvals. The line can be secured by a client's home or other assets, or it can be made on an unsecured basis. It can be used for investments or other cash flow purposes.
Some clients prefer to borrow against their securities.
Under this arrangement, the interest rate may be particularly attractive, and repayment terms are extremely flexible. We also make unsecured loans with repayments timed to the receipt of a lump sum of cash, such as a bonus or partnership distribution. Letters of credit. We provide both secured and unsecured letters of credit for various purposes such as in lieu of rental deposits or guarantees. Our non-documentary letter of credit puts U.S. Trust's full credit behind the client's name.