Bonds....

James' Bonds...

Offering FMCSA BMC-85 $75,000 Trust Fund Agreements 

for Property Brokers and Freight Forwarders

PLAN 2 – EXTERNAL LETTER OF CREDIT
You can arrange with your bank or credit union to issue an Irrevocable Standby Letter of Credit naming Pacific Financial as the beneficiary in the amount of $75,000 or place some funds in trust with the balance backed by an LOC.  If your bank requires the funds to be held with them in a secured instrument, you may find it more cost effective to place the funds directly into the trust with Pacific Financial to avoid any annual administrative fee as a “Cash Plan”. (A sample LOC can be provided upon request.)

 
                                                                        Quarterly Payment                              Annual Payment

$75,000 LOC                                                             $400                                                    $1,500
$65,000 LOC & $10,000 in trust                            $275                                                     $1,000