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Hydrogen Equipment


What is a Lease or Equipment Finance Agreement (EFA)?

A lease or EFA is a contractual agreement between two parties whereby the lessor or secured creditor allows the lessee or debtor to use the equipment for a specific period of time in exchange for a series of payments.

There are three parties involved in a lease or EFA transaction:

  • Lessee or Debtor (customer)

  • Lessor (owner of equipment who will finance the lease) or Secured Creditor

  • Equipment Vendor (supplies the equipment)


Roles of Both Parties


Lessee or Debtor:

  • Chooses equipment vendor

  • Agrees to all contractual obligations of the lease or EFA


Lessor Secured Creditor:

  • Owner of the equipment (Lessor) who purchases the equipment from the vendor

  • Remits payment to the vendor for the cost of the equipment

  • Bills and receives payment from lessee or debtor

The Finance Process

Step One: Vendor proposes a lease solution to acquire necessary equipment and customer accepts


Step Two: Vendor has lessee complete a credit application and submits to (Lessor)


Step Three: (Lessor) performs credit review on lessee or debtor


Step Four: If approved, customer completes all necessary finance documents


Step Five: (Lessor) receives all necessary finance documents and approves delivery of equipment


Step Six: Equipment is delivered and accepted by lessee or debtor


Step Seven: (Lessor)pays for the equipment and commences the lease or EFA

Leasing Process Applications.jpg

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