By their very nature, guarantees involve an element of trust. Sparkasse assumes liability for transactions, thus demonstrating its confidence in them.
The benefits for you:
- More working capital at your company´s disposal
- Lower costs
Guarantees can be extended either for individual transactions or for general activities up to a specified limit. General guarantees enable you to employ individual guarantees (e.g. to cover retentions) up to the limit available to you. Loan guarantees can also serve as an alternative to operating loans.