Purchase order financing is that enterprise applies for financing business to bank of Kunlun with a real and effective purchase and sale contract and purchase orders.
Product Features:
Simple Procedures, enterprise can apply for financing with only real contract and purchase order.
Convenience Brought:
a) Funds can support raw material purchase and process under purchase order, reduce self-owned funds occupation;
b) Solve the funds problem; SMEs can get the funds in advance to complete the purchase order;
c) Significantly enhance the ability of enterprise to get purchase orders;
Business Process:
a) Enterprise sign purchase and sales contract and get purchase order;
b) Enterprise applies for financing in bank of Kunlun with purchase and sales contract, purchase order;
c) Bank of Kunlun reviews and confirms the truth of the contract and purchase order, determine its comprehensive credit limit, and open special sales account for the enterprise;
d) Enterprise signs purchase order financing contract and guarantee contract with bank of Kunlun;
e) Bank of Kunlun distributes the funds to the enterprise; enterprise puts the funds in designated usage;
f) The buyer pays the funds, bank of Kunlun deduct the funds from designated account;