- To be located in Canada
- To have “eligible” domestic or foreign receivables: Invoices for complete and final delivery of goods or completed service
- To have selling terms under 90 days
- To have customers with established credit
To be eligible for AccordExpress Factoring, your business needs:
How it Works
The AccordExpress Factoring service was specifically designed for small to medium sized businesses to quickly turn existing accounts receivable into cash. Instead of waiting for your customers to pay invoices, Accord can advance up to 90% of the face value. This frees up cash for operating expenses and enables you to focus on growing your business.
- Facilities between $500,000 - $2 million
- Offer letter within 48 hours
- Funding within 10 days
- No financial covenants
- No term commitment, cancellable with 30 days' notice
- No set up fee
- Inventory credit line of up to 500K on pre-sold & replenishment for qualifying applicants
- Situational over-advances
- Single debtor factoring available
The AccordExpress Factoring single debtor facility can be a complement to your existing bank credit line and with real time access to your account online, you won’t miss a beat.Apply Now
Businesses which have capital requirements greater than $2M should click here to learn more about our larger factoring facilities.
Frequently Asked Questions
Most companies can benefit from factoring. Specific examples would be companies that are re-opening their business, in a challenging financial situation, in a high growth period, or seasonal business.
AccordExpress factoring has no financial covenants requirements.
No need to wait for cash from customer payments, immediately access to up to 90% of your eligible accounts receivable.
Any business that invoices upon complete delivery of goods or services would qualify for factoring.
Sales made on consignment, selling terms in excess of 90 days, progress or milestone invoicing.
Yes, Accord provides financing up to 20MM.
Yes, Inventory financing of up to 500K is available for qualified applicants.
Accord is a public company with over 40 years factoring experience offering quick, flexible access to funds at competitive rates with no hidden fees. With AccordExpress Factoring you get a financing offer within 48 hours of completed application and required information, funding within 10 business days, experts with deep industry knowledge, real time access to account information online, no set up fees and much more.
Standard information on the company, location, shareholders and business type. You will also need to include the accounts receivable list, sample documentation, your customer list and most recent financial statements.
Yes, referral agreements are available to brokers that have a signed agreement with Accord.