Merchant Finance Corporation

A Performance Guarantee is a commitment by contractors to finish the job performed. A Performance Guarantee is an agreement that legitimately guarantees that the provider can complete the deal you have entered into to further improve it. A Performance Guarantee shall be given on behalf of the contractor by the insurance firm or bank to the employer to guarantee the contractor's complete and due performance of the services as laid out in the contract data.  Merchant Finance Guarantee Corporation helps to facilitate performance guarantee to the sellers. Performance guarantees offer the contract employer the assurance that their planned deadlines will be fulfilled and their contracts concluded. In other terms, the customer is promised coverage for any cash damages up to the value of the performance bond if the builder fails to construct the building according to the requirements set out in the contract. Intra-group performance guarantee An intra-group performance guaran...

  A bank guarantee is a promise by a bank or other financial entity that the bank will compensate the loss if a single borrower fails on a loan. It should be remembered that a bank guarantee is not equivalent to a letter of credit. Bank guarantees among business entities are very widely used. The debtor or creditor or customer would be able to buy vehicles, machinery, raw materials, acquire extra money, etc. for business purposes with the aid of a bank guarantee. Bank guarantees from the Merchant Finance Guarantee Corporation support companies as banks get sufficient reassurance that if the enterprise is unable to repay the debt completely on time, the loan balance will be returned by the bank. Why a Bank Guarantee is necessary? A bank guarantee adds confidence to trade. It encourages firms to make investments that they would not otherwise be capable of making; these assurances serve, thus to improve consumer interest and extend business activity. The Bank Guarantee Re...