Financing with goods - analysis of financing commonality between financial leasing and pawn

one、Financing of property – leasing、The common characteristics of pawns are to use physical goods to finance - through physical goods(leasehold property、The item in question)to achieve financing，It's a lease、Common characteristics of pawns。For leasing，Named Rongwu，But things are materialized funds，So the essence is financing;For pawns，It’s a typical exchange of things for money.。

Bank credit is either a loan variable(Use loans to purchase current assets or increase fixed assets)，Or lend cash on the condition of mortgage of property，Both have different characteristics from financial leasing and pawn。Collateral in credit is only a certain condition of the loan，It's secondary，Non-loan prerequisites，If a mortgage is a necessary condition for a loan，Will fall into the collateral cult of credit。In other words，The first source of repayment for credit first-look customers，The mortgage is incidental

Require

That's all。

And in financial leasing and pawn，Lease and pawned items are required，It is an indispensable prerequisite for financing。two、Characteristics of "physical financing" of financial leasing 1、Substituting financing for financing。Direct leasing is the most classic way to use property instead of financing。

Direct financial leasing means that the leasing company uses its own funds、Bank loan or stock offering, etc.，Raise funds on international or domestic financial markets，Purchase the equipment selected by the user from the equipment manufacturer，A form of financial leasing that is then leased to the lessee enterprise.。This direct leasing method，The parties to the lease meet directly，to three parties

Require

and conditions are very specific、very clear。

There is no time interval for direct leasing，Lessor has no equipment inventory，Capital flows accelerate，Have higher investment returns。Direct lease has "two contracts"(lease contract、purchase contract)three parties(lessor、lessee、supplier)"Characteristics。2、leaseback。yes(debtor)Already have something，Need to be liquidated，It's turning things into money(without affecting the directly occupied property，Continue to maximize the use value of the leased property)。

Leasing back means that the owner of the equipment first sells the equipment to the lessor at the market price.，A method of leasing back the original equipment。

The advantages of leaseback leasing are that：First, the lessee has the right to use the original equipment，Get another fund;Second, because the ownership does not belong to the lessee，After the lease expires, you can decide whether to renew or stop renting based on your needs.，thereby improving the lessee’s ability to adapt to the market;Third, after returning to the lease，Rights of use have not changed，Lessee’s equipment operators、Maintenance personnel and technical managers are familiar with the equipment，Can save time and training

cost

。3、Promotional rental。

The user of the device needs to use the device and is short of money，The lessor provides financing for users to use the equipment in advance。Much of the risk control in leasing is locked in with the equipment manufacturer(and dealers)Body - unconditional repurchase commitment limited to rent receivable and uncollected。Promotional leasing is helping equipment manufacturers(and dealers)open sales、The biggest recipient of commercial benefits—manufacturers(and dealers)Must bear corresponding risk responsibilities。

Rental promotion is a promotion method that is beneficial to both supply and demand.。For suppliers，Potential demand can be discovered through leasing，Expand product sales，Increase market share，It can also eliminate product backlog，Accelerate fund transfer;For the demand side(tenant)In other words, you can use a small amount of investment to obtain the machinery needed for production.、Right to use equipment，potential needs can be realized，"Borrowing chickens to lay eggs"，Get benefits early。4、financial tools。

For high-end(Safety)For customers，Financial leasing is also a financial tool，Has accelerated depreciation，Reasonable tax avoidance(To be precise, it’s tax deferral.);Increase total financing(Off-balance sheet liabilities should not exceed one-third of total on-balance sheet assets.);Appropriately whitewash reports(Reduce on-balance sheet debt ratio，Improve current ratio，balanced profit);to facilitate listing、Issue additional shares、Bond issuance and other financing, etc.。

These financial functions must rely on the rental property(Includes leaseback)，talents can be brought into play。5、The extension of leased property gradually expands。The most traditional rental property is limited to movable general purpose、Durable equipment，Later extended to non-removable、Non-universal production lines and other equipment;Expanded from movable properties to factories and other real estate;From devices to infrastructure(the way、Bridges and pipe networks, etc.)。future，It will also be expanded from tangible assets to intangible assets with definite returns, etc.。

three、A new understanding of modern pawn financing Pawn is an ancient but brand-new industry。A pawn with a history of more than 1,700 years，In modern times, it has basically lost its traditional function of relieving life.，Solve more short-term urgent needs of enterprise production and operation，It is the main channel(credit)An important addition to financing。(Financial leasing company registration) Traditional pawn，Just look at things，It is a typical transaction of exchanging goods for money.，The extreme statement is "recognizing objects but not people"。

Contemporary pawns have undergone three major changes，First, look at both objects and people，It is necessary to understand and control the legality of things while also looking at the reliability of people.。The second is to look at the use of money.，Look again at the source of repayment。The third is to use financial thinking as a pawn。Right now

1. Adhere to the principle of decentralization，Avoid excessive concentration of risk，The principle of decentralization is reflected in the single-family、Group customers shall not exceed a certain proportion of capital;You can pursue specialization，There must also be a certain degree of dispersion。
2. short term emergency principle，Quickly done，Hand over things with one hand and money with the other hand;Use it short。
3. Business sources should be broad，Choose the best from the best，Don't be hungry and choose food。
4. Put recycling risk control first，Dare to say no to demands，Dare to give up on projects，Even if it’s worth(quality)bet enough。
5. Follow affiliated companies，Related party transactions，Receivables and payables，Especially off-book liabilities, etc.，Understand the actual production and operation conditions of the enterprise as much as possible，Grasp the company’s true strength and repayment ability, etc.。Things also continue to expand。

The traditional pawning items are mostly hand ornaments、jewelry、clothing、Calligraphy, paintings and other daily necessities，today，When things have expanded from means of living to means of production，Machinery and equipment、raw materials，Finished products and semi-finished products are more commonly used as pledges;Not only chattels、And real estate—real estate also becomes a pawned object(Financing that takes the form of real estate as collateral);Not only tangible assets，Moreover, property rights can also be used as pledges，For example, stock pawns, etc.。

Four、Strengthen the reliance on objects to mitigate financing risks. Since it is the financing of objects，The decision-making process is simplified by the presence of objects，Things must be able to bear the responsibility of resisting risks。therefore：

1. Things should be easily converted into cash。Whether it is a rental property，Still a pawn，should have a certain degree of durability，Easy to move，Has certain versatility，There is a mature second-hand market，So，You can completely rely on the object itself to lock in risks.，Apart from this，a third party is required(thing)supplementary protection。
2. Cautious valuation。

Things are valuable to those who use them，But through processing、sell things to pay off debts，Often its realization rate is greatly reduced。

1. The value of the item is discounted reasonably。Prevent risks，It cannot be the same as the mortgage of bank credit.，lease、All pawns must be differentiated from banks、Misplaced competition。
2. Not removable、Not universal，Things that are difficult to convert into cash can also be used for financing(lease、pawn)thing，This thing only plays the role of financing channel，Risks locked in other areas，For example, high-quality companies have abundant sources of first repayment.，contingent land、A mortgage of sufficient value such as real estate can resist risks.。five、Service speed、The rapid arrival of financing is the magic weapon for success. The traditional pawn，It is the fastest way to raise funds，hand in hand，Pay money on the spot。

Pawn for business today，It is also an emergency solution，There will be business soon，Faster to get higher returns。The main competitor of pawn is private lending、Private small loans，All have the characteristics of quick processing。If you are slow to process a pawn, you will die.。Financial leasing and joint-stock small and medium-sized bank credit、Trust and Guarantee Competing Clients。

Although financial leasing has a longer financing period

Advantages

，However, there is also the disadvantage of higher cost，Then it will take a short time for funds to be available、Make up for it as soon as possible，Otherwise, it will be difficult to gain recognition from customers.。To handle financial leasing business, contact Shenzhen Gangxintong-，Provide you with professional、sincere、Thoughtful business services。

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