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What is the Difference Between Factoring and Accounts Receivable Financing?

Across industries, companies are always looking for ways to make sure they have enough working capital. Whether to seize growth opportunities or to overcome unforeseen challenges, businesses can acquire working capital by selling their accounts receivables to a factoring company; another way is by leveraging their unpaid invoices for a loan. Both of these methods allow businesses to get fast access to funds and are alternatives to a traditional bank loan.

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07.26.23

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Accord Financial Announces Mailing of Meeting Materials for Debentureholder Meeting... Accord Financial Announces Mailing of Meeting Materials for Debentureholder Meeting and Encourages Debentureholders to Vote

Accord Financial Corp. (TSX – ACD) (“Accord” or the “Company”) today announced the mailing of an information circular and related meeting materials (the “Meeting Materials”) in connection with the previously announced upcoming special meeting of the holders (the "Debentureholders") of its 7% convertible unsecured subordinated debentures due December 31, 2023 (the "Debentures") to be held at 5300 Commerce Court West, 199 Bay St., Toronto, ON M5L 1B9 on August 10, 2023 at 10:00 a.m. (Eastern Daylight Time) (the "Meeting").

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07.14.23

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Accord Financial Corp. announces the launch of Accord | EDC... Accord Financial Corp. announces the launch of Accord | EDC Trade Expansion Lending Program, providing flexible financing for Canadian entrepreneurs throughout the export supply chain

Accord Financial Corp. (“Accord”) today announced the launch of Accord | EDC Trade Expansion Lending Program (“Accord | EDC TELP”), the Company’s latest financing innovation supported by Export Development Canada (EDC). Accord | EDC TELP builds on Accord’s success in tailoring EDC programs specifically for the Canadian small business sector. Accord is the first non-bank, or non-credit union, financial institution to partner with EDC in directly financing Canadian SMEs with TELP.

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06.28.23

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Accord Financial Announces Proposed Debenture Amendments

Accord Financial Corp. (TSX – ACD) (“Accord” or the “Company”) today announced that it will seek the approval of the holders (the "Debentureholders") of its 7% convertible unsecured subordinated debentures due December 31, 2023 (the "Debentures") to amend certain terms of such Debentures at a special meeting of the Debentureholders to be held at 5300 Commerce Court West, 199 Bay St., Toronto, ON M5L 1B9 on August 10 at 10:00 a.m. (Eastern Daylight Time) (the "Meeting").

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06.23.23

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Accord Announces Voting Results of Annual Meeting

Accord Financial Corp. (TSX – ACD) (the “Company”) today announced the voting results from its Annual Meeting of Shareholders (“AGM”) held on May 25, 2023 in Toronto, Ontario. Shareholders voted in favour of all items of business put forth at the meeting.

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05.30.23

Asset Based Lending Accord Services

Asset-Based Lending vs Traditional Lending

Businesses of all sizes need healthy cash flow to thrive, and there are many options when it comes to securing the capital they need. For some businesses, the best route is to use traditional bank lending, and for others, using independent asset-based lenders is the optimal choice.

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05.24.23

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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.

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05.11.23

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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.

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05.08.23

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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.

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05.04.23