Together with the company's management, we analysed all the financial facets of the assignment and determined the credit needs. We held discussions with the house banker and then approached Atradius Dutch State Business. After studying all the information, the latter proved willing, under a guarantee from the State, to issue a guarantee in the amount of 80% of the required amount. The company's house banker and shareholders did the remaining 20%. Rabobank was then able to provide a bank guarantee to the client in New Zealand for the full amount of the down payment (35% of the contract price).
Result
The end result is that our client can use the full amount of the down payment as working capital and thus successfully complete the assignment. Read this post for more information on how working capital can strengthen your entrepreneurship.
