Auto Parts Suppliers Order Financing
(I) Product Definition
Upon application from auto parts supplier, the Bank provides it with short term financing to meet its capital needs for purchasing raw materials before shipment, production, transportation of goods and account receivables after sales, with payment for goods by core auto factory or large parts enterprises under domestic orders as the first source of repayment.
(II) Target Customers
Auto parts suppliers
(III) Application Procedures
The borrower submits application for credit extension to the Bank, and our product manager analyzes its financing intention and proposes financial service plan for approval. Upon review and approval by the Bank, the borrower receives fund under financing and pays for raw materials, production, transportation of goods and other expenditures.TOP