Financing request
Following the review of the file and approval of financing by the Bank, the client proceeds with the payment of a good faith deposit and signs the unilateral purchase commitment.
The Bank purchases the goods
BEA acts as the buyer vis-à-vis the supplier and pays the price of the goods in cash. The supplier commits to delivering the goods at a pre-agreed date.
The Bank appoints you for resale
After delivery, BEA mandates its client to store, promote, and sell the goods on behalf of the Bank under the agreed conditions.
Repayment of installments
The client will then pay the proceeds from the sale to the Bank.