• Bank Guarentees

    Equipment or other business needs can be expensive and with their usually large deposits it’s hard to think of ways you would be able to afford the first initial payment. That’s why at AFMB we are able to assist you in securing a Bank Guarantee, a finance solution that allows you to buy what previously you could not.

    A Bank Guarantee is a promise from the lender to cover the loss of sale if the borrower defaults on the first initial payment for their purchase. With this finance solution the guarantor does require some sort of security,  normally in the form of property, a cash deposit or cash flow from the business. As the supplier has the guarantee of the lending institution, usually no deposit or hold of money is needed to go ahead with the purchase. For instance you may own a screen printing company, where you need $500,000 dollars worth of printing equipment in order for your business to grow. A deposit of 10% will be needed before the shipment can go ahead but you may not necessarily be able to take that deposit out of your cash flow. A Bank Guarantee allows the lending institution to sign as a guarantor that your purchase will be paid off and act as security to the vendor if you happen to default.

    Bank Guarantees can also be open ended in terms of time, this is why at AFMB we are here to help you 24/7 for the life of your finance solution in store and through our assistance phone line. At AFMB we believe that every situation is different, that's why with our extensive network of financiers we can connect you to one that suits your unique situation, in turn creating a tailored finance solution. For more information on how a  Bank Guarantee can help your business grow or for a consultation please contact us on Tel: 1300 002 362 or Email: contactus@afmb.com.au or fill in the form below