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:

  • 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

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

Secure Supplies  is ready to get Started on your Power Plant Project Are you ?

PLEASE Contact us now to 

GET THE PROCESS STARTED

 

We will Touch base on phone

and email shortly to Discuss a POWER PLANT PROPOSAL  .