We'll back your business.
A Bank Guarantee is a facility which provides your suppliers and vendors the security of a guaranteed payment.
Benefits
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Guarantees your commitment will be met
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Improves your cash flow
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Takes the stress out of covering expenses
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Flexible security options
Features
- Secured by cash or other security
- Use for property leases, performance bonds or projects
How does it work?
A Bank Guarantee is an undertaking by the Bank that payments to your customers and suppliers will be met, without tying up working capital.
- The Bank holds your cash or assets as security for the guarantee.
- You provide your supplier with the guarantee instead of cash.
- If you can not make payment, the bank will meet your commitment.
- You will need to repay any funds the bank has paid on your behalf.
- When there is no outstanding payment or debt, your security can be released.
Can we help you?
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Have a business lending need?
At a branch
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Things you should know
Subject to terms and conditions. Fees and charges apply. Full details available on application. All credit subject to Bendigo Bank's normal lending criteria.
