For over 40 years, we have financed companies in transition – reinventing, rebuilding, or simply shifting into growth mode. With a full range of versatile solutions, Accord holds the key to unlock our clients’ potential.
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Factoring is the purchase of a company’s receivables where the factor advances 75-90% of the face value of the invoices once the product or service is delivered to the customer. It’s like a real-time line of credit in terms of cash flow. The reserve, the 10-25% is given to the company when their customer pays the invoice.
Accord Financial Corp. (TSX – ACD) today announced that its Board of Directors has declared a quarterly dividend of $0.05 per share, payable March 1, 2021, to shareholders of record at the close of business February 15, 2021.
Fincura, Inc. expands relationship with Accord Financial Corp., providing its AI and machine learning capabilities to significantly enhance the richness of data collected by Accord, enabling insight, service, support and knowledge few lenders can rival.