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Business Loan Bank Guarantee

Finance the security for your next bank guarantee and keep cash available for business.
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Keep your capital working for you.

Need a bank guarantee without locking away your cash?

The Business Loan Bank Guarantee combines the guarantee with the funding to secure it. This means you can get the guarantee when you need it, while repaying the loan back over time.

Ease cashflow pressure and keep your working capital available.

Access up to $500,000 for your next bank guarantee
Release cash tied up in existing guarantees
Keep working capital where it belongs – in your business
Access the money when you return the guarantee
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Built to help you move faster and continue to grow.

A smarter way to secure guarantees without locking up your capital.

We've collaborated with Prospa and BNK to offer bank guarantee finance for just $295 upfront, exclusively through the Assuro platform. Here's how it works:

01.
Apply with Assuro
Bank Guarantee Specialists
One application for both the bank guarantee and the funding to secure it.
02.
Secured by Prospa
Business Loan Experts
No cash deposit required. Prospa handles the funding to secure the guarantee.
03.
Issued by BNK
Bank Guarantee Issuer
Once processed and approved, BNK will issue the bank guarantee.
04.
Keep Your Cashflow Flowing
No Upfront Strain
Use your cash where it counts and repay the loan over time.
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Prospa | BNK

Business Loan Bank Guarantee

Prospa's Business Loan Bank Guarantee services guarantees under $500K and is attractive to businesses looking for a strategic approach to cash flow management.

Product Guide: Business Loan Bank Guarantee
Fees
  • Establishment fee: $295
    One-off upfront payment.
  • Loan origination fee: 5.90% of the guarantee loan value
    Added to the loan amount, repaid over the term of the loan.
  • Loan interest rate: 7.95% - 8.95% p.a. ASR*
    Based on the value of the guarantee, charged throughout the life of the loan.
  • Bank guarantee fee: 2.25% p.a.
    Bank guarantee fee charged monthly by BNK but waived for the duration of the loan period.
Deposit Interest Rate
  • 3.80% p.a.^
    Interest begins to accrue once the loan is repaid in full and is paid by BNK while the bank guarantee remains active.
Guarantee Loan Value
  • $25,000 - $500,000
    Loan repayments are made weekly, with the ability to make unlimited extra repayments.
Guarantee Loan Term
  • Standard term: 2 years
  • Minimum term: 6 months
  • Maximum term: 4 years
    Term should not exceed the length of the guarantee.
Standard Eligibility
  • Minimum 2 years trading
  • Minimum turnover $150,000
Standard Security Requirements
  • No asset security required up front to access up to $150,000
  • PPSR above $150,000
  • Additional security may be required above $250,000
Early Payout
  • The loan can be paid out in full at any time. An early payout fee of 1.5% of the remaining principal balance will apply
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How we're making bank guarantees better for you.

At Assuro, we provide bank guarantee solutions designed to simplify business, not complicate it.
Apply anytime, anywhere.
Complete your application online without stepping foot in the bank.
Notified every step of the way.
Know the status of your application with real-time progress tracking.
Keep track of every guarantee.
Create reports and set alerts based on your business needs.
Schedule a demonstration

Trusted by leading businesses

With great support, fast turnaround times and a range of bank guarantee products, there's every reason to choose Assuro.
Firesfe logo
“We have saved thousands in upfront costs by sourcing our guarantees through the Assuro platform.”
Wayne Rushton
CFO, Firesafe Group
CDI Group logo
“The Assuro platform makes the application process incredibly fast and straightforward.”
Kal Tewani
Finance Manager, CDI Group
Phoenix Car Stackers Logo
“Assuro’s online platform is simple to use and has saved us significant time in terms of applying for and obtaining bank guarantees.”
RObert Candler
Director, Phoenix Car Stacker
Agora Property Group logo
“Assuro’s excellent support, attention to detail and power to expedite the process has made all the difference to our business.”
Jonathan Kilborn
Principal/Licensee, Agora Property Group
DAB Radiology logo
“Assuro provides personalised service from start to finish, working tirelessly to get the bank guarantee processed as quickly as possible.”
Dr Daniell Boima
Owner & Lead Radiologist, DAB Radiology
MMJ Real Estate logo
“Assuro has centralised the management of all our financial securities, giving us a more accurate and improved understanding of this part of our business.”
Chris Geers
Managing Director, MMJ Real Estate (WA) Pty Ltd
Firesfe logo
“We have saved thousands in upfront costs by sourcing our guarantees through the Assuro platform.”
Wayne Rushton
CFO, Firesafe Group
CDI Group logo
“The Assuro platform makes the application process incredibly fast and straightforward.”
Kal Tewani
Finance Manager, CDI Group
Phoenix Car Stackers Logo
“Assuro’s online platform is simple to use and has saved us significant time in terms of applying for and obtaining bank guarantees.”
RObert Candler
Director, Phoenix Car Stacker
Agora Property Group logo
“Assuro’s excellent support, attention to detail and power to expedite the process has made all the difference to our business.”
Jonathan Kilborn
Principal/Licensee, Agora Property Group
DAB Radiology logo
“Assuro provides personalised service from start to finish, working tirelessly to get the bank guarantee processed as quickly as possible.”
Dr Daniell Boima
Owner & Lead Radiologist, DAB Radiology
MMJ Real Estate logo
“Assuro has centralised the management of all our financial securities, giving us a more accurate and improved understanding of this part of our business.”
Chris Geers
Managing Director, MMJ Real Estate (WA) Pty Ltd
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The Assuro Difference

While the bank guarantee is still issued on paper direct from the bank, the Assuro experience is 100% digital on our multi-award winning platform, saving you time and money.

WA Innovator of the Year Awards 2022: Assuro named Growth Category WINNER
Incite Awards 2022: Assuro named Startup of the Year WINNER
Curtinnovation Awards 2022: Assuro named Business and Law WINNER
National iAwards 2022: Assuro named Startup of the Year FINALIST
WA Innovator of the Year Awards 2022: Assuro named Great for the State FINALIST
Incite Awards 2022: Assuro named Transformative Business Solution FINALIST
BNK Banking Corporation Limited. ABN 63 087 651 849; ACL 246884. Prospa Advance Pty Ltd. ABN 47 154 775 667.
Other eligibility and approval criteria, fees and charges and terms and conditions may apply to Prospa’s products and services. Loan amounts should not exceed the value of the Guarantee. Term should not exceed the Guarantee length for Guarantees with expiry dates.
*The listed rate is a representative Annual Simple Rate (ASR), which is a flat calculation of interest over the loan term. The Prospa loan contract will disclose the equivalent Annual Percentage Rate (APR), which is used to calculate interest on a reducing balance. APR is higher than the quoted ASR due to calculation differences.^Interest rate is equivalent to BNK’s cash management account and is subject to change.
‍^Interest is calculated daily and credited monthly.