Hidrogênio Geotérmico do Vento Solar Armazenamento de Energia do Gás Solar

What is a Lease or Equipment Finance Agreement (EFA)?

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A lease or EFA is a contractual agreement between two parties whereby the lessor or secured creditor allows the lessee or debtor to use the equipment for a specific period of time in exchange for a series of payments.

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There are three parties involved in a lease or EFA transaction:

• Lessee or Debtor (customer)

• Lessor (owner of equipment who will finance the lease) or Secured Creditor

• Equipment Vendor (supplies the equipment)

 

Roles of Both Parties

 

Lessee or Debtor:

• Chooses equipment vendor

• Agrees to all contractual obligations of the lease or EFA

 

Lessor Secured Creditor:

• Owner of the equipment (Lessor) who purchases the equipment from the vendor

• Remits payment to the vendor for the cost of the equipment

• Bills and receives payment from lessee or debtor

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The Finance Process

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Step One: Vendor proposes a lease solution to acquire necessary equipment and customer accepts

 

Step Two: Vendor has lessee complete a credit application and submits to (Lessor)

 

Step Three: (Lessor) performs credit review on lessee or debtor

 

Step Four: If approved, customer completes all necessary finance documents

 

Step Five: (Lessor) receives all necessary finance documents and approves delivery of equipment

 

Step Six: Equipment is delivered and accepted by lessee or debtor

 

Step Seven: (Lessor)pays for the equipment and commences the lease or EFA