Assuro has expanded its bank guarantee offering with the launch of the Business Loan Bank Guarantee, a new product developed in collaboration with Prospa, a specialist business lender, and BNK Banking Corporation Limited (BNK). This product is designed to help businesses secure bank guarantees without tying up valuable working capital.
The new product responds directly to increasing market demand from businesses and brokers seeking greater flexibility when meeting guarantee requirements for leases, contracts, and commercial obligations. By combining Assuro's award-winning platform with Prospa's business lending solution and BNK's bank guarantee product, the Business Loan Bank Guarantee delivers a streamlined, end-to-end experience through a single online application.
Under the new offering, eligible businesses can access finance via Prospa to fund the cash security required for a BNK-issued bank guarantee. This structure enables businesses to preserve working capital while still meeting contractual requirements, supporting growth and operational resilience.
Leon Weston, CEO and Founder of Assuro, said the launch reflects Assuro's focus on addressing real-world challenges faced by Australian businesses:
"We're hearing clearly from the market that businesses need more flexibility when it comes to bank guarantees. The Business Loan Bank Guarantee is a direct response to that demand, giving businesses access to the security they need without placing unnecessary strain on cashflow. Our collaboration with Prospa and BNK allows us to deliver a practical solution that improves access and flexibility for Australian businesses."
The new product builds on Assuro's existing collaboration with BNK and further strengthens the platform's ecosystem of lending and banking partners focused on simplifying the bank guarantee experience.
Businesses across all industries – from construction to commercial leasing – will find this product particularly valuable. By alleviating upfront cash deposit requirements, Assuro's new product is set to unlock new avenues for growth and competitiveness.
This collaboration highlights the shared commitment of Assuro, Prospa, and BNK to delivering solutions that support the needs of Australian SMEs.
With the introduction of this new product, Assuro continues to expand its suite of guarantees, offering businesses greater choice, flexibility, and control. The Business Loan Bank Guarantee is now available on the Assuro platform.
About Assuro
Assuro is a multi-award-winning Australian fintech company that owns and operates a digital platform specialising in the distribution, origination, and management of bank guarantees. Assuro is dedicated to helping businesses thrive by simplifying bank guarantees and delivering flexible, technology-driven financial solutions.
www.assuro.com.au
Media contact
Leon Weston, Chief Executive Officer, Assuro, leon@assuro.com.au