Bank guarantees, reinvented: what property developers need to know

Bank guarantees, reinvented: what developers need to know 

For property developers, time is money. Delays can cost millions - yet traditional bank guarantees have long been slow, manual, and filled with red tape. 

At Avenue Bank, we’ve changed that. As Australia’s first and only bank dedicated solely to bank guarantees, we deliver fast, digital, and transparent solutions so developers can keep projects moving. 

Built for speed and simplicity 

Founded by Colin Porter and Dale Hurley, Avenue Bank was born from frustration with the traditional bank guarantee process. After struggling to secure a guarantee for their own business, they decided to fix the problem - by becoming a bank. 

Fully licensed under APRA and backed by the government’s Financial Claims Scheme, Avenue Bank issues bank guarantees in under 24 hours - with a process that’s 100% online. 

A specialist model 

Unlike traditional banks, Avenue focuses on one thing - bank guarantees - and does it exceptionally well. With a streamlined digital process, we eliminate the hassle of tedious paper works, branch visits, and long approval times. Everything can be completed digitally, from application to issuance.  

Bank guarantees made for all purposes 

Avenue Bank offers bank guarantees for all common purposes - lease, performance, and project guarantees - without requiring property security or director guarantees. All guarantees are 100% cash-backed, and your security deposit earns interest of up to 3.5% p.a. 

Why developers choose Avenue Bank 

Developers tell us the difference is night and day - from waiting weeks to being approved in hours. Once they experience Avenue’s speed and simplicity, they don’t look back. 
 
Read the full article in partnership with Development Ready – Ready Media Group ->

Ready to get your next project moving faster? 
 
Learn more about Avenue Bank Guarantees to get started today.