The Company believes it provides loans that generate higher returns than those of the short-term banking options available in China. Currently, individuals who invest on the CeraVest platform earn an approximate 8.6% annual interest rate of return if held to maturity. Fincera earns origination fees on CeraVest loans. Also launched in November 2014, the Company’s electronic payment platform CeraPay was used to make payment transactions totaling over RMB1.5 billion in March 2016. Fincera developed CeraPay as a convenient platform through which customers can make electronic payments and the Company can make credit advances to its customers, allowing customers to pay for their everyday truck-operating needs at participating merchants within the CeraPay network. Fincera earns transaction fees through its CeraPay platform. Fincera also continues to enhance its CeraVest and CeraPay products by introducing attractive new features for its customers. For example, as previously announced, customers now earn interest on balances in their CeraPay account. In addition, a new direct deposit feature allows companies to deposit payroll payments directly into their employees’ CeraVest accounts, from which the money can be withdrawn or used to invest on CeraVest. Launch of AutoChekk Fincera also announced the March 2016 launch of AutoChekk, a new ecommerce platform for the passenger vehicle industry ( www.chekk.com ).
Usually, Full Personal Guarantees Are Only Required For The Loan Amount Portion In Excess Of The Real Estate Value.
Using the same example, $50,000 worth of accounts receivable may only be worth 60% to 70% of that value to the lending source. Customers may not pay the full amount owed, or feel they have to pay for the product at all, if a outside lending source is demanding payment. The biggest drawback of equity financing is that you relinquish those rights to an outsider. Leasing is an unique opportunity for the individual and/or business to utilize very little front money and acquire financing up to $250,000, application only. With a great depth and breadth of expertise, we help clients achieve their goals through a wide array of strategies, in every major sector and asset class through various distribution channels. Depending on requirements it is essential to select the right help.