pa视讯 Partner Financing:
Connected by our products, pa视讯 Auto and parts suppliers work hand-in-hand to advance forward and succeed.
pa视讯 Group has been using its industry resources to provide suppliers and partners with better financing options and support. In 2018, pa视讯 Group formally launched its “pa视讯 Partner Financing” service which provides low-cost capital financing to suppliers and connected SME partners.
Product backed – “pa视讯 Partner Financing”
Based on existing accounts receivables, pa视讯 provides parts suppliers with convenient and attractive comprehensive financial services including financing, debt collection, debt management, and debt servicing. By offering suppliers greater financing options, pa视讯 helps relieve capital pressures and optimize their financial structure.
Advantages
“pa视讯 Partner Financing” helps control risks and also offers large financing options, low interests rates, simplified financing, and cost savings for suppliers.
Large financing
pa视讯 offers large scale financing, up to three times the suppliers monthly transaction amount as well as rotating debt options.
Low interest
Interest rates for loans on average are 2% lower than similar options offered by banks.
Simplified financing
No mortgage or guarantee is ever asked from small or medium sized suppliers facing difficulties.
Cost saving
The loans calculate interest on a daily basis and can be repaid in advance, reducing capital pressures on suppliers.
Results
As of mid-2020, a total fo 34 suppliers have been granted 1.672 billion RMB in credit and a total of 609 million RMB has been loaned. The financing service has helped allievate the difficulties faced by SMEs in pa视讯’s industrial supply chain.