The seller (customer) sells its (his/her) present or future accounts receivable to the Factor (JIC Leasing) under a factoring agreement to meet its cash needs. A recourse factoring agreement usually has a term of 6 to 12 months.
An asset for lease under a percentage lease refers to the instrument, equipment, vehicle or infrastructure facility provided or to be provided by the Lessor to the Lessee.
1.Not limited to equipment financing or subject to collateral requirements.
2.Fast and simple collection of receivables.
3.Enhanced closeness to core industry chains of enterprises.
4.Convenient and flexible financing plans.