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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.

04.19.23

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.

04.06.23

$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.

03.28.23

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.

03.24.23

Accord Financial Announces Fourth Quarter and Fiscal 2022 Financial Results

Accord Financial Corp. (TSX – ACD) today released its financial results for the fourth quarter and year ended December 31, 2022. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.

03.23.23

How Does Accounts Receivable Factoring Work?

Businesses have a wide array of expenses. Paying their bills on time, investing in their business growth, and even delivering employees' salaries on time can be difficult for businesses that rely heavily on customer invoicing to meet their financial obligations on time. An accounts receivable factoring company may be able to help businesses protect their cash flow and working capital with a financing solution known as invoice factoring.

02.23.23

Child Safety Product Manufacturer Supported by Accord Financial When Previous... Child Safety Product Manufacturer Supported by Accord Financial When Previous Financing Exited Market

Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) moved quickly to help a leading child safety product manufacturer when the company’s previous lender decided to reduce its footprint in the Canadian market. Over the past several years, the company had resolved their supply chain problems by acquiring a contract manufacturer that had been making their products. When the company’s original lender pulled out, Accord was able to quickly grant a higher asset based operating line. This extra financing will give the company the funds they need to further consolidate their manufacturing processes as well as provide room for growth.

02.22.23

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 March 1, 2023, to shareholders of record at the close of business February 15, 2023.

02.09.23

Middle Market Company Acquisition Made Possible With $13 Million Commitment... Middle Market Company Acquisition Made Possible With $13 Million Commitment from Accord Financial

Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the closing of a $13 million credit facility to support the acquisition of an equipment services company. Accord’s Asset Based Lending Group structured the facility to include a traditional revolving credit package backed by accounts receivable and inventory as well as a term loan supported by equipment.

12.20.22

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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

Factoring – a Longstanding Growth Solution for Staffing Companies

$12MM Credit Line Helps Travel Company Soar to New Heights

What is a Bank Forbearance Letter and Why Did I... What is a Bank Forbearance Letter and Why Did I Receive It?

Accord Financial Announces Fourth Quarter and Fiscal 2022 Financial Results

How Does Accounts Receivable Factoring Work?

Child Safety Product Manufacturer Supported by Accord Financial When Previous... Child Safety Product Manufacturer Supported by Accord Financial When Previous Financing Exited Market

Accord Declares Regular Quarterly Dividend of 7.5 Cents Per Share

Middle Market Company Acquisition Made Possible With $13 Million Commitment... Middle Market Company Acquisition Made Possible With $13 Million Commitment from Accord Financial