Secure Supplies Group
Fueling Healthy Communities
Power Gas Architecture | Developer
Secure Supplies Group
Hydrogen Equipment
LEASING PROCESS
What is a Lease or Equipment Finance Agreement (EFA)?
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.
There are three parties involved in a lease or EFA transaction:
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Lessee or Debtor (customer)
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Lessor (owner of equipment who will finance the lease) or Secured Creditor
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Equipment Vendor (supplies the equipment)
Roles of Both Parties
Lessee or Debtor:
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Chooses equipment vendor
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Agrees to all contractual obligations of the lease or EFA
Lessor Secured Creditor:
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Owner of the equipment (Lessor) who purchases the equipment from the vendor
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Remits payment to the vendor for the cost of the equipment
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Bills and receives payment from lessee or debtor
The Finance Process
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
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