Debt covenants are restrictions that lenders (creditors, debt holders, investors) put on lending agreements to limit the borrower’s actions (the debtor). In other words, debt covenants are agreements between a company and its…
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Bespoke financing is referred to as a loan that’s personalized specifically to a client through creative financial product offerings. Instead of offering a generic loan repayment to a client, the…
Debt-to-income (DTI) ratio is a financial ratio that compares a borrower’s total monthly debt to their total monthly income, and is frequently used to evaluate a borrowers creditworthiness.
The 5/five C’s of Credit is a system used by lenders to gauge the creditworthiness of potential borrowers. The system weighs five characteristics of the borrower and conditions of the…
Trucks that travel fixed routes, typically along local routes with frequent stops and deliveries.
Characteristic over time in which the data experiences predictable changes that recur every calendar year. Seasonality explains the fluctuation in demand for products used during different seasons.
Truckload carriers designed to ensure perishable goods stay refrigerated during transportation.
Private trucking fleets serve the needs of their owners and do not typically offer commercial trucking services to other businesses. Private trucking fleets typically perform service and distribution functions.