This tourism bus company felt the immediate impact of the global shutdown, as they provide transportation primarily for tourists. The company runs 25-hundred routes in nearly 300 cities. However, when the government restricted travel and the public heeded warnings, this company had to put many of their buses in storage and even dropped liability insurance to help cut costs.
They contacted us in hopes of getting some financial relief. We were able to give them 90-day deferrals on every transaction, followed by reduced payments for an additional 90-days for two of their schedules.
*These case studies are provided for informational purposes. The names of the customers and the specific details of their business and situation have been withheld. Qualification for Onset’s COVID-19 Relief Program is subject to review and approval by Onset and its underwriters.
90–Day Payment Deferral
90–Day Payment Reduction