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What is a Supplier Guarantee Bond?
Are you looking to grow your business but are experiencing problems with your current supplier extending or maintaining credit to you?
If your answer is ‘Yes’, then Surety Bonds can assist you with a Supplier Guarantee Bond.
How does a Supplier Guarantee Bond work?
Many companies in Ireland supply goods on favourable credit terms. This allows your business adequate time to generate cash to pay them back and boost your working capital. But how can the supplier be sure that they are going to be paid for these goods if, for example, your business has been weakened by the current economic conditions.
That’s where Surety Bonds can help
We can offer a Supplier Guarantee Bond to maintain your relationship with your Supplier confirming that should your company become Insolvent, we will honour any outstanding payments due to them thus giving you and your supplier peace of mind.
Surety Bonds provides Supplier Guarantee Bonds to numerous Irish Companies seeking goods on credit.
As bond specialists we have the expertise and experience to provide the best value tailored solution to fit your requirements. Message us now, our team would be happy to talk you through the process. See below.