It is a contractual, pre-determined schedule of payments with optional ownership. Normally, the lessee is provided with a written purchase option in the Lease Agreement (contract), whereby the lessee is offered the opportunity to purchase the lease asset at what is known as Nominal Value at the end of the repayment plan; the Nominal Value maybe as little as EGP 1 according to the agreement.

GB Lease and Factoring provides leasing products & services tailored to meet companies’ capital expenditure needs for a wide variety of assets including commercial real estate, equipment financing, plant and machinery, transportation assets, systems & IT and office equipment.

Any business, organization, association, or governmental entity may lease assets, throughout its life tenor whether in startup, growing or mature phase, SMEs or Large Corporate. GB Lease and Factoring does not originate leases to individuals for personal use.

Leasing facilities are tailor made to the company’s needs, it is known for its fast-paced approval process, simpler credit requirements, and flexible terms that excludes mortgages for instance.

Several factors are used to determine a potential lessee’s credit worthiness, including but not limited to the following:

• Length of time in business.
• Type of business.
• Financial Health.
• Credit Evaluation or reports.
• Investigation feedback
• track record with Banks & other Financial Institutions.
• Type and brand of asset.

GB Lease and Factoring may finance used assets according to the type, condition of the assets and other related factors. GB Lease and Factoring also apply the same standards for a sale-and-lease back transaction where the asset is purchased from the lessor (GB Lease and Factoring) & leased back for a determined period not exceeding the asset's useful life.

The preliminary corporate documents are:

• Commercial Register (not older than 3 months).
• Copy of Tax Card.
• Copy of Authorized signatories’ ID or valid passport.
• Articles of Incorporation.
• Relevant Business licenses.
• Audited financial statements for the past 3 years and latest modified interims.

In a finance lease the Lessee can exercise one of the following options:

• Acquire the asset by paying a pre-agreed nominal value.
• Return the asset to the Lessor.
• To renew the contract (based on Lessor's approval)

Normally, the lease contract is terminated after full repayment of the lease facility that occurs at lease tenor end. Otherwise, should the lessee wish to terminate the lease contract prior to the above 2 conditions, the lessee may request an early settlement of the active leasing facility.

Any leased asset, with the exception of Land, financed by GB Lease and Factoring require full Insurance coverage favoring GB Lease and Factoring whereby the lessee is responsible to provide GB Lease and Factoring with an insurance policy according to GB Lease and Factoring’s standards & requirements.

GB Lease and Factoring may finance Real Estate premises which can be registered in accordance to the applicable laws.

To determine the asset value, GB Lease and Factoring resort to CBE specialized & accredited evaluators, normally 2 evaluation report are concluded to create a benchmark for the market value.

In selective cases GB Lease and Factoring may finance renovation costs depending on the lessee’s overall risk profile.

A variety of leasing terms are available that allow GB Lease and Factoring to tailor a lease to fit the lessee’s cash flow requirements. Lease terms usually range from 1 to 7 years with various end of term options.