You’re the answer to your customers’ commercial equipment and passenger vehicle needs. However, the upfront cost of asset purchases and gradual lease repayments can impact your cash flow. Diversify your funding without impacting cash flow.
BOQ Finance’s sale of receivables program allows you to originate an asset leasing transaction with a customer and assign the associated rental stream to us. In exchange, we’ll pay you the purchase price of the asset. This financing structure allows you to move from being an agent to a principal lessor responsible for your own portfolio of leases.
Sale of receivables can be complex, so ensure you have the right systems and processes in place to manage the corresponding activities.
Benefits at a glance:
Save time with a simple application
With a simple application process, efficient approval and prompt settlement, secure the asset for your customer sooner rather than later. A solution that keeps their business moving, and lets them focus on what matters.
Work with a dedicated expert
Our team is committed to supporting you. We work closely with you to achieve the right outcome for your customer and their business. We’re also here to answer your questions and provide assistance when you need it.
What's on offer:
- A sale of receivables program tailored for you and your customer’s business needs.
- Outsource assessment of origination, operations, compliance and credit – so you can confidently achieve your business goals.
How it works:
Once you know your customer’s financing needs, we assess their financials, and if approved, purchase the receivable from you. You own the asset, we own the receivables.
Step 1:
Your customer approaches you to lease an asset. You discuss the loan rate and structure and assess the financing. You work with your customer to complete your branded application and pass it on to us.
Step 2:
We review the application, provide a decision, and if approved, settle the loan contract
Step 3:
You purchase the asset for your customer to use, and account for the asset on your balance sheet. The stream of receivables is assigned to us and we receive lease payments from your customer over the agreed term.
