With the purchase of equipment as collateral, the overseas head office guarantees a loan from the Singapore bank, but the bank requires the money to be given to the equipment supply company (Germany). What should I do now?
1, that's right. The loan company is Company A. The purpose of the loan of Company A is to purchase the equipment of Company B. Company A and Company B enter into a purchase and sale contract.
2. The bank lends money to the account of Company A, and Company A can only send a check to Company B. You can ask Company B to get the money back to you in other ways.
3. The repayment is still made by the lender of Company A. ..
Your key is how to get company B to get the money back to you.