Handle Your Business With Minimum Risk With Bank Guarantee
A bank guarantee can minimize the risk to your business when, for example, trading with customers, suppliers, or landlords. Here you can read more about when a bank guarantee is relevant, and you will find more information about the different types of guarantees that you can choose from. A BG can be a good tool for your company if you need to minimize the risk when making agreements. When your company makes a contract with a customer, supplier, or landlord, a BG can thus be part of the agreement. The purpose of the warranty is to protect either party - or both - from loss. Sometimes one party requires a BG to enter into the agreement at all. This often happens, for example, in commercial leases, where the landlord typically requires a BG for three to six months' rent payment. A BG means that the bank assumes the risk on behalf of your company by guaranteeing the payment. That is why we make a credit assessment, just like when we have to give loans and credit before we provide a b