Below is a sample/example of what the Bank Letter of Credit should be.

 

(BANK LETTERHEAD)

 

Date:

To:  Linnebur Auctions, Inc.

Re: (Name of Buyer)

 

To Whom It May Concern,

Please be advised that _____(Bank name)_______will guarantee payment for a check written up to  ____($)______for _______(Buyer)________for checks drawn on account #__________________.  This guarantee is valid for purchases made on ______(auction date)_____at Linnebur Auctions, Inc. Auction.

 

Please call me with any questions at ______(bank rep ph #)______.

 

Sincerely,

_____(Bank Representative)_____