Supplier financing is a standardized financing product developed by Minsheng Bank. It refers to a comprehensive solution that banks provide short-term financing services to suppliers designated by the core buyer in batches based on the high-quality payment ability of the core buyer in the supply chain, on the premise of signing a supplier financing cooperation agreement with the core buyer, on the basis of real product or service transactions between buyers and sellers, and taking the pledge or transfer of supplier accounts receivable as the main risk control method.
Supplier financing characteristics:
1 to achieve a win-win situation for core buyers, suppliers and banks;
2. Solve the financing problem that suppliers lack effective mortgage guarantee measures;
3. The financing method is flexible and based on the real transaction between the two parties.