Performance Bond

  • A performance bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. It is also referred to as a contract bond.
  • A performance bond is usually provided by a bank or non-bank financial institution (Planworth) to make sure a contractor completes designated projects.

Performance Bond

  • A performance bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. It is also referred to as a contract bond.
  • A performance bond is usually provided by a bank or non-bank financial institution (Planworth) to make sure a contractor completes designated projects.

Benefits

  • Get access to immediate cash
  • Help you to expand your business
  • The facility can grow and adapt to your company’s needs
  • There is no collateral required
  • Does not create debt and made your balance sheet look stronger
  • Fewer restrictions than bank loan
  • We manage your receivables and let you focus on your business

Benefits

  • Get access to immediate cash
  • Help you to expand your business
  • The facility can grow and adapt to your company’s needs
  • There is no collateral required
  • Does not create debt and made your balance sheet look stronger
  • Fewer restrictions than bank loan
  • We manage your receivables and let you focus on your business