Transferring financing lease: cooperative mode, flexible financing solutions
● Products Introduction
Transferring financing lease means a kind of financing lease business focused on one article as subject matter. In the process of transferring lease, lessee of the last lease agreement who also acts as lessor of new agreement is called transferor. The transferor transfers property borrowed from a lessor to another party, during which make a profit from price difference of rents, and the ownership of the property belongs to the first lessor. A legal transfer must involve at least four parties: equipment supplier, the first lessor, the second lessor(the transferor) and the transferee.
● Applicable Clients
Clients having particular needs on financing products and discontented with ordinary financing lease.
--Flexible products: Transferee referred in transferring financing lease can be various types of financial institutions such as banks, securities and funds company. The corresponding products can cater to various ---- needs and provide different terminal service.
--Guarantee for Line of Credit: Transferring financing lease is cooperative process, during which leasing company taking the role of guidance can effectively increase line of credit.
--Costs saving for clients: Full payout receipt and invoice of interests received is issued on each payment term, explicitly reflecting the costs of accounting and releasing clients from tax burden.
● Application process:
--Clients Application. Client should make an application in which includes type of financing required and relevant conditions, and states the plan of the use of funds and repayment.
--Insurance of Power of Attorney. Clients should provide the POA and entrust a leasing company that take the lead in starting business.
--Signing of Agreement. Financing agreement is signed by lender and client upon relevant conditions is implemented, and the terms of the Financing are stated in the agreement formally.
--The usage of loan. The transferor should issue the loan for client to invest in the previously agreed project.
--Repayment. Clients should make repayment timely within the stated period.