The Hidden Costs of Waiting for a Bank Guarantee
Bank Guarantees Business Finance SME Tips
The Hidden Costs of Waiting for a Bank Guarantee
The phrase “time is money” is especially true when your business is waiting for a bank guarantee to be issued.
Every extra day spent in the application queue can mean lost revenue, missed opportunities, and higher costs.
The Direct Costs
- Rental Wastage — Paying rent on a space you can’t yet use.
- Penalty Clauses — Delayed starts on contracts can trigger penalties.
- Tied-Up Capital — Collateral held longer than necessary impacts cashflow.
The Opportunity Costs
- Lost Bids — Clients may choose a competitor who can start immediately.
- Reduced Credibility — Delays can shake partner confidence.
- Slow Growth — Fewer projects launched per year.
Cutting Delays with MyGuarantee
- Digital Issuance in Hours — [Link to: application-page]
- Transparent Tracking — Real-time status updates, no chasing.
- Standardised Terms — Less back-and-forth with counterparties.
Don’t let your next deal die in the waiting room.
Get Your Guarantee the Same Day →