Benefits of a Bank Guarantee

There are various benefits of Bank Guarantee (BG)

Benefits of a Bank Guarantee includes

1. A Bank Guarantee enables companies to make purchases that they would otherwise not be able to make, this guarantees thus serves to heighten business activity and expand enterprenural activity.
2. All the money is not tied up in one project but can be spread around into other projects.
3. There is cash available to explore and expand business.

Categories Of Bank Guarantees.

There are two categories of bank guarantees in general

1. Direct Bank Guarantee: this is a guarantee which is issued by the bank of the account holder directly in form of the beneficiary.
2. Indirect Guarantee is a guarantee which is issued by a second bank in return for a counter guarantee.         For more on Bank Guarantee, click this link www.cmFunding/Loanslimited.com or send us an email on info@gbatlantic.net