St. George Bank provides business guarantees designed to help companies fulfill their obligations while preserving working capital. These instruments offer financial assurance to third parties and facilitate smoother business operations.
What Are Business Guarantees?
A business guarantee is a promise issued by St. George Bank to ensure your company's obligations are met if you default. This allows you to secure contracts or financing without tying up cash or assets as direct collateral, supporting better cash flow management. Guarantees are commonly used for trade, leasing, or contract performance purposes. (Information verified via St. George’s business banking materials and lending documentation.)
How to Apply for a Guarantee
To apply for a business guarantee from St. George:
- Contact your Relationship Manager or speak with a specialist via Business Banking by calling 133 800.
- Discuss your specific needs—such as performance or trade guarantees—and provide required documentation (e.g., business details, assurance to cover obligations).
- If approved, the bank issues the guarantee, enabling you to proceed with your business commitments without immediate use of cash or property as security.
These steps are based on guidance from St. George’s Corporate & Business Banking resources and business finance solutions documentation. Guarantees are structured to avoid impacting cash flow while guaranteeing your obligations.