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Bank Guarantee - Commercial Lease

Posted by GDegebrodt GDegebrodt
Message 1 of 3 1,431 Views

Have been seeking a bank guarantee from Bankwest which is fully cash backed. The guarantee is declined due to policy requiring 2015 tax return - company tax returns are not due until mid-May 2016 so it is not available. I will lose the commercial lease if guarantee cannot be secured imminently.

Seeking advice from this forum is a last ditch effort before I change bank. Bankwest has been far from a small business ally in this instance!

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Re: Bank Guarantee - Commercial Lease

Posted by GDegebrodt GDegebrodt
Message 2 of 3 1,430 Views

Ignore this thanks Forum. Secured a bank guarantee with Commonwealth in under 1 hour; after 2 weeks of dealing with Bankwest for a refusal. Shame since Bankwest is only a subsidiary of CBA.

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Re: Bank Guarantee - Commercial Lease

Posted by SarahF SarahF
Message 3 of 3 1,419 Views

Hi @GDegebrodt, thank you for contacting us via the Forum. I'll make sure your feedback in regards to this and your comments are passed on to review what happened.

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