Unlock the Potential of DIP Financing
DIP financing is a powerful tool for businesses undergoing turnaround. When conventional financing options are out of reach, DIP financing steps are to help businesses regain stability. It’s especially critical when cost-cutting measures or new business plans alone aren't enough to restore profitability.
Why DIP Financing?
When a business files for bankruptcy protection under the Canadian Bankruptcy & Insolvency Act (NOI) or the Companies’ Creditors Arrangement Act (CCAA), it can access DIP financing to secure additional funds necessary for ongoing operations. Here’s how Accord’s DIP financing can make a difference:
- Court-Approved Priority: DIP financing provides a special priority charge over the company’s assets, ensuring necessary liquidity during restructuring.
- Maintaining Operations: The funds from DIP financing ensure that businesses can continue operating and meeting customer commitments, even when suppliers require COD payments.
- Strategic Flexibility: Bankruptcy protection allows companies to restructure their obligations, including canceling unfavorable contracts and settling debts, setting the stage for a stronger comeback.
The Benefits of DIP Financing
Entering restructuring with the support of DIP financing is more common and more strategic than many realize. This process maintains employment, sustains supplier relationships, and ensures customer relations remain intact. Our DIP financing facilities, using asset-based financing, cater to a diverse range of industries, including manufacturing, distribution, services, and more.
Why Partner with Accord Financial?
Our team of professionals brings decades of experience in DIP financing, providing the expertise and patience needed during restructuring. By choosing Accord Financial, your clients gain access to:
- Seamless Transition: We convert DIP financing to an Asset-Based Line of Credit, ensuring continuous support.
- Comprehensive Solutions: We offer financing for accounts receivable, inventory, equipment, and purchase orders, tailored to meet diverse business needs.
- Dedicated Support: We work closely with clients, advisors, and stakeholders throughout the restructuring process, offering clarity, speed, and stability.
Grow with Accord Financial
By partnering with Accord for DIP financing, you’re not just offering your clients a solution for today’s challenges but paving the way for their future success. Let’s work together to provide the financial stability your clients need to achieve their next milestone.
Contact our team and explore DIP financing solutions. Let’s stabilize, restructure, and rebuild together.