How long does it take to pay a vendor? A – Once the equipment has been delivered and accepted by the customer AND all documentation has been properly returned to Tatonka, 24 hours.
Q – Why is Tatonka concerned with the financial strength of a vendor when the lessee is the entity applying for credit? A Due to the nature of municipal business, the customer is almost always approved. We mitigate our risk through the strength of our lease documents and the stability of the vendor. Since the customer has the option to exit their lease annually, the nonperformance of a vendor could jeopardize our position. Q – Does Tatonka provides progress payments for multiple vendors and transactions with longer lead times? A – Yes, it is typically referred to as “advance fund the lease” and can provide many different payment options. The lessee will usually pay a percentage of the lease payment that coincides with the percentage of the total lease amount funded to the vendor(s). Q – On transactions with longer lead times, can a customer lock the rate prior to the equipment delivery and vendor funding? A – Yes, there are two methods that are primarily used.
