A guarantee can help your business secure the finance you need from your bank. Whether it’s to support a specific export-related transaction or to help you expand to new overseas markets, our guarantee will help you take on the world.
How our Guarantee works:
|Step 1||Export contract||
You enter into a contract with your overseas buyer or a company in an export supply chain
You have developed a strong business case to support your overseas expansion.
|Step 2||Bank||You apply for finance with your bank to support your export contract or overseas expansion.|
|Step 3||Efic application||You or your bank apply for a guarantee facility with us.|
|Step 4||Guarantee approved and provided||We provide you or your bank with a guarantee facility to support your export-related activities.|
|Step 5||Bank funding||Your bank provides you with finance.|
|Step 6||Buyer repayments||A special account controlled by your bank is set-up and used to repay drawings.|