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.
All applications are subject to eligibility and assessment.
Avenue Bank Ltd ABN 24 628 073 085, AFSL 520239, is authorised by the Australian Prudential Regulation Authority (APRA) to operate an Authorised Deposit-taking Institution. This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should seek independent financial advice and read the relevant terms and conditions and relevant product documents prior to making a decision.
Avenue Bank acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.