What it Takes to Reshore Manufacturing Successfully
Reshoring manufacturing is a hot topic these days, as the cascading effects of supply chain disruptions are still being felt throughout the economy.
Accord Announces First Quarter Financial Results and Declares Quarterly Dividend
Accord Financial Corp. (TSX – ACD) today released its financial results for the quarter ended March 31, 2023. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.
Accord Financial Adds to U.S. Business Development Team with Ira... Accord Financial Adds to U.S. Business Development Team with Ira Almond and Sahil Sharma
Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) has added to its U.S. business development team with the hiring of Ira Almond as Director of Business Development, US Asset Based Finance, Southeast and Sahil Sharma as Director of Business Development, US Equipment Finance, Northeast.
Accord Declares Regular Quarterly Dividend of 7.5 Cents Per Share
Accord Financial Corp. (TSX – ACD) today announced that its Board of Directors has declared a quarterly dividend of $0.075 per share, payable June 1, 2023, to shareholders of record at the close of business May 15, 2023.
Announcing the AccordExpress Factoring Portal Providing Simplified Access to Accounts... Announcing the AccordExpress Factoring Portal Providing Simplified Access to Accounts Receivables Financing
Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) is now offering Canadian companies a new, fast, and convenient way to obtain accounts receivables financing through the AccordExpress Factoring Portal.
Marine Services Company Able to Pursue Wind Energy Business with... Marine Services Company Able to Pursue Wind Energy Business with $2.5 Million Accounts Receivable Financing from Accord Financial
Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD), is pleased to announce the closing of a $2.5 million credit facility to help a marine services company move into the wind energy space. Accord’s Asset Based Lending Group structured the facility to include a traditional revolving credit package backed by accounts receivable.
Factoring – a Longstanding Growth Solution for Staffing Companies
Small and medium-sized businesses are the backbone of our economy, so it's important to have financial options to better support them. For companies in a rapid growth phase, quick and flexible funding is essential, and accounts receivable factoring can be an optimal financing solution.
$12MM Credit Line Helps Travel Company Soar to New Heights
When a travel company’s business picked up dramatically post-Covid, Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) moved quickly to provide the company with the liquidity they needed to manage their fast-growing business. As one of the hardest hit industries, travel had come to an almost complete halt during Covid. The company’s operating lender cut their line of credit to twenty percent of the amount authorized. When travel picked up in 2022, the original banking lender couldn’t restore the company’s higher limit.
What is a Bank Forbearance Letter and Why Did I... What is a Bank Forbearance Letter and Why Did I Receive It?
Business owners don’t always understand what it means when they receive a Forbearance Letter from their financial institution. This article outlines why these letters are received, what they mean, what you should expect if you received one, and what actions you should take.