This is intended for a client who will qualify for a lease but where the obligee requires a lease bond in place as a term sheet condition to fund.
This does not reflect on the principal as much an on the obligee’s ability to gain more favorable funding terms as a defensive move against money markets beginning to tighten up.
Another type of lease bond replaces deposit on their lease. This is becoming very popular to get the leasee more flexibility with their working capital.
We bond commercial leases only, from $500,000 and up.
We've been underwriting for 40 years working with only the most reputable surety carriers nationwide.
We can get you the answers you need in a matter of minutes.
We offer sound business advice to help you build your bonded business.