Benefits of a Bank GuaranteeRiley Finance & Leasing Ltd
Benefits of a Bank Guarantee
There are various benefits of Bank Guarantee (BG)
Benefits of a Bank Guarantee includes
- 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.
- All the money is not tied up in one project but can be spread around into other projects.
- There is cash available to explore and expand business.
Categories Of Bank Guarantees.
There are two categories of bank guarantees in general
- Direct Bank Guarantee: this is a guarantee which is issued by the bank of the account holder directly in form of the beneficiary.
- 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.rileyfinance-leasingltd.com or send us an email on email@example.com