Equipment Lease Bonds
Our equipment bonding limits are from a minimum of $1,000,000 to $100,000,000. An Equipment Lease Bond is a performance bond that indemnifies the obligee for equipment lease payments not made by the principal in the event of an equipment lease default.
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.
Lease Rent Payment Bonds
A bond that indemnifies the landlord (obligee) if the lessee (principal) defaults on their rental payments.
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.
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