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Financed bank guarantees

Unlock your working capital

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?

Our financed product options combine 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 cash flow pressure and keep your working capital to move your business forward.

Preserve your cash and access up to $5M# in funding
Release cash tied up in existing guarantees
Keep working capital where it belongs — in your business
Access the repaid principal on return of the guarantee

Products available

Product
Loan Provider
Value
Term
Who It's For

Business Loan Bank Guarantee

Prospa

$25,000 - $500,000

Up to 4 years

Businesses looking to preserve working capital for guarantees under $500K

SME Loan Bank Guarantee

Banjo Loans

$500,000 - $5,000,000

Up to 5 years

Businesses looking to ease cash flow pressure by funding larger guarantees up to $5M

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Built to help you move faster and continue to grow.

We've collaborated with Prospa and Banjo to offer two financed options. From the beneficiary's perspective, these bank-issued guarantees work exactly like a traditional guarantee — the only difference is your cash stays free. A smarter way to secure guarantees without locking up your capital.

Available 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 with Finance
Business Loan Providers
No cash deposit required. Select a product based on the guarantee value. If successful, the lender will deposit the money directly with BNK.
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
  • Directors' Guarantee required
  • 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

Banjo | BNK

SME Loan Bank Guarantee

Banjo's SME Loan Bank Guarantee allows businesses to fund guarantees between $500K and $5M. Ideal for businesses looking to ease cash flow pressure when those larger facilities arise.

Product Guide: SME Loan Bank Guarantee
Fees
  • Establishment fee: $395
    One-off upfront payment.
  • Loan origination fee: 4.0% of the guarantee loan value
  • Loan interest rate: From 8.45% p.a. APR
    Based on the value of the loan.
  • Bank guarantee fee: 1.75% p.a.
    Bank guarantee fee charged by BNK.
#Guarantee Loan Value
  • $500,000 to $2,000,000 for a single borrowing entity
  • $500,000 to $5,000,000 for two or more borrowing entities
Guarantee Loan Term
  • Terms from 12 to 60 months
Key Features
  • Principal and interest loan
  • No early repayment penalties or fees
  • Flexible repayment options (weekly, fortnightly or monthly)
  • Fast approval process
Eligibility Criteria
  • Minimum 2 years trading
  • Revenue greater than $500,000 p.a.
  • Standard Banjo eligibility and credit assessment criteria apply
  • Directors' Guarantee required
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Product Partners

BNK: No ongoing fee bank guarantee provider
BNK Banking Corporation Limited is a digital only bank that has been supporting businesses and enterprising Australians for more than 40 years. BNK has a BBB- / Stable / A-3 credit rating from S&P Global Ratings.
BNK's two bank guarantee products stand out by offering no ongoing fees, making them attractive to businesses seeking minimal impact on their cash flow.
Prospa: Fast, flexible business funding partner
Prospa is a leading fintech committed to unleashing the potential of every small business in Australia and New Zealand. Since 2012, Prospa has helped over 40,000 small businesses access over $4.5 billion in business funding. With fast, flexible, and stress-free lending solutions, Prospa is a trusted partner for financing bank guarantees.
Banjo: Simple, smart finance solutions to help SMEs move forward
Banjo is a leading Australian non-bank lender providing simple, smart funding solutions that help businesses unlock opportunities and achieve their growth ambitions.

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. Banjo Small Business Loan Fund ABN 32 713 685 984 (AFSL 468033).
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.
All applications are subject to Banjo's credit assessment, lending criteria and approval. Banjo may approve, decline or impose conditions on any application in its discretion.
*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.