100 owner operator trucking companies – Lessors are usually attracted to four key areas when underwriting trucking equipment rental applications: Lessors want to be assured that the guarantor has a history of paying their bills and that they have no lien that will be prioritized if the tenant faces some financial difficulties and cannot do payment.
Time in Business (TIB), these lessors are looking for businesses for at least 2 years so that they can ensure that there is sufficient monthly income stream generated by the business to make payments on the truck. Cash Reserve at the bank. Again, the lessor is worried about the tenant’s ability to make payments if there is a decrease in the income stream. Lessors usually look for bank reserves that are at least consistent with monthly payment amounts.
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