Bank Guarantees have a negative impact on businesses trying to grow, as they tie up working capital and decreases financial leverage.

Surety Bonds are issued on an 'unsecured' basis by highly rated insurers and are used for:

• Commercial Real Estate purchases (established property, vacant land or land banks, off the plan developments)
• Commercial Leases (the deposit required by the landlord to secure the lease)
• Contract Bonds (for Bids & Tenders; Advance Payments; Off Site Material; Retention; Performance; Maintenance type contracts)
• NSW Defects Bonds (required on new contracts signed after 1 January 2018 for residential projects above 3 storeys)

If you are a successful and profitable business more than 3 years old or a professional adviser to business entities, give us a call to discuss current Bank Guarantee usage and let’s see what we can do to 'free up' working capital.

Plus, in an environment of tightening bank regulations, it's critical to have options in place!

Call Kerry Henry (0498 888 333) or Tony Daly (0498 888 666) to discuss.