Tag: credit approval
Building trust: bank guarantees make sense in uncertain times
COVID-19 has made it infinitely more difficult for most companies to do business. Apart from the financial challenges created by the widespread lockdowns, the requirement for social distancing and remote working, relationships has made it very difficult for prospective parties in a business transaction to comprehensively assess the companies they intend doing business with, including the vital requirement to check on their creditworthiness.
