Bank Guarantee

 

 

Bank Guarantee

Bank Guarantees are exactly what it sounds, a guarantee from a bank that certifies the creditworthiness of a buyer. Bank offers to fulfill the financial obligations of the buyer, in the scenario when the buyer cannot, and it also promotes confidence for the transaction. The seller may request a guarantee of payment to feel more secure in producing/ shipping the goods.

Bank Guarantee at a Glance

To obtain Bank Guarantee, applicants must showcase creditworthiness to their bank. The bank will look at previous trading history, recent accounts, credit history, and liquidity. Different guarantees require varied documentation.
eFUNDZZ can accelerate on how a Bank Guarantee can work for your business. If you’re looking for a funder or bank to provide guarantee or act as a guarantor on behalf of your company, to deliver large contracts, get in touch with our team right away.
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