Benefits of Bank Guarantees: Merchant Credit and Guarantee Corporation Limited

Merchantcreditcorp14 Aug, 2021Business

Bank Guarantees are an assurance by the bank to cover the debt in case the debtor fails to cover it. It helps the customer to expand his business by acquiring goods, buying equipments, or drawing down loans. It serves as the best tool for risk management for the beneficiary. Bank Guarantees reduce the financial risks involved in any business. The seller or beneficiaries can expand their business on a credit basis with the help of these Guarantees.

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