Bank guarantees are the foundation of the commercial property industry, and for most Australian businesses, it is no secret that they have been neglected by other banks.
Traditionally it can take weeks to obtain a bank guarantee, and the process is not only lengthy but painful, paper based and often requires business owners and directors to visit a branch.
Avenue is the first and only Australian bank to specialise in bank guarantees for the commercial property ecosystem.
Our bank guarantees are the same as any other Australian bank, irrevocable, payable on demand and government guaranteed, but we’ve made them faster, fairer and fuss-free for all members of the commercial property ecosystem.
Avenue’s bank guarantee is 100 per cent cash backed and can be issued in less than 24 hours, enabling more efficient lease negotiations and occupancy commencements to be brought forward, and enabling projects to start on time.
There are no application or establishment fees and customers are paid interest. Our digital application takes 5 minutes to complete and can be done from the comfort of your own home or office, over the phone or on the move.
Avenue offers digital and paper wet ink signature bank guarantees and all our customer support staff are bank guarantee specialists based in Australia and provide exceptional service.
We issue bank guarantees for commercial properties and projects across all asset classes: office, retail, industrial, alternatives and residential projects and we have written bank guarantees of all sizes from $10,000 to more than $3 million in value.
We provide a draft bank guarantee when the business owner submits their application, which minimises the time wasted on the back-and-forth that occurs with traditional bank guarantees.
Avenue can process fast amendments, top-ups and beneficiary transfers, and our claims and returns process is simple, safe and secure.
For more information, visit us at www.avenuebank.com.au