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Creative financing solutions help you grow your food and beverage business by increasing liquidity through flexible credit facilities. Benefit from asset-based lending programs to support new contracts, address customer demand quickly, and finance manufacturing equipment.
For over 40 years, our team of seasoned professionals have helped food and beverage companies like yours across North America by structuring the right financing package.
We work closely to understand your business, so we can quickly respond when unexpected issues arise. Here are some examples of the food & beverage companies we have helped:
The combination of powerful food retailers, rapidly-changing consumer tastes and increasingly stringent food safety regulations puts pressure on companies operating in the food and beverage sector.
Margins are often slim and competition for the consumer dollar is fierce, making it crucial that you are able to offer innovative products and packaging to your customers.
Thanks to social media and the internet, trends move through the food and beverage supply chain at dizzying speeds. Packaging innovation, demographic changes and health concerns are just a few of the issues that affect the food and beverage industry.
Smaller companies may have less access to the financing needed to invest in product development, manufacturing processes or inventory management technology.
As a small or medium-sized company wanting to break into a large retailer or distributor, the increase in sales may be difficult to finance. Getting a purchase order, delivering on time and being able to replenish inventory as needed, can be extremely challenging, especially without proper financing.
You can use your food and beverage assets as collateral for an asset-based loan to initiate and sustain your growth objectives.
Asset-based lending is an ideal way for you to finance your growing food and beverage business. The amount of funding is based on the value of your assets—accounts receivable, inventory and equipment.
Whether you are a manufacturer, importer or distributor within the food and beverage sector, the flexibility of asset-based loans can be better suited to your needs than a conventional line of credit.
With no covenants, seasonal dips and peaks are not an issue since only the value of the assets determines your available funding. Using your accounts receivable and inventory as collateral for a revolving asset-based loan unlocks the value in these assets and converts it into the working capital you need.
The flexibility of asset-based loans for food & beverage financing can be the difference between growth and stagnation.
Besides the everyday need for working capital, many circumstances a company can face make asset-based loans a superior alternative to conventional bank lines.
If your situation involves growth and expansion (organic or through acquisition), the absence of covenants and debt to equity conditions is where the benefits of asset-based lending really stand out. If you need between $1 and $20 million and have quality accounts receivable and other marginable assets, you fit within our initial criteria.
We are dedicated to understanding the unique needs and challenges of your food & beverage business —this ensures that our comprehensive financing solutions are blended for you and your industry.
Being in the food and beverage industry does not exclude your inventory from being eligible for financing. As a manufacturer, you may also have equipment which is unencumbered that we can lend against—adding liquidity into your operations.
If you are a distributor or importer, you may have finished product on the shelf, which can be appraised for inclusion on a borrowing base. Perhaps you are a supplier to the food and beverage industry with manufacturing equipment or packaging supplier…we have experience with these as well.
If you’re looking for food and beverage manufacturing financing, your company can benefit greatly from innovative funding solutions like:
These financing solutions are typically secured loans that provide your food and beverage business access to fast and flexible working capital.
Financing solutions can be provided for a variety of businesses in the food and beverage industry, including:
A coffee and tea manufacturer recently purchased a production facility to fuel its ongoing growth.
The company experienced an unforeseen shortfall in sale volume. This coupled with the increased expenses associated with the build out of the new facility caused the manufacturing company to experience some minor liquidly constraints.
This particular client had turned to us in the past and had obtained a revolving inventory facility for our valuable client. The solution helped ease liquidly constraints and provide the company with additional flexibility.
If you or your food service company has a bad credit score, don’t worry; it does not necessarily mean you won’t get approved.
The main qualification to acquire financing in the food and beverage industry is having sufficient collateral to adequately service the amount of debt desired.
Yes! Accord offers a variety of financing solutions to food and beverage companies in the US and Canada.
Give us a call at +1-800-967-0015 to see how your business can benefit from our food service financing solutions.
Accord often provides buyers within the food and beverage industry with asset-based loan facilities to support the acquisition of a business. These facilities can be provided to buyers, be they private equity or strategic buyers, and can leverage the assets of the targeted food processing business to support the purchase price and provide working capital to the newly acquired business.
Take advantage of food and beverage financing solutions for your acquisition.
Whether you are producing wine in the Eastern Townships (Quebec), on the Niagara Peninsula (Ontario) or in the Napa Valley (California), crafting beer in Austin (Texas) or distilling spirits anywhere across the US or Canada, Accord offers a variety of financial solutions for your brewery, winery or distillery.