Accounts receivable financing and factoring go by many names—AR funding, AR finance, financing receivables, invoice factoring or selling accounts receivable—but no matter what you call them, they are a great way to accelerate cash flow for your business.
Instead of waiting 30-90 days for customers to pay their invoices, Accord can advance up to 90% of the face value of your outstanding invoices. This frees up cash for everyday operating expenses and expansion, and saves you the management time typically tied up with credit analysis and collections.
Accounts receivable financing, including invoice factoring, is a popular alternative to bank financing for start-ups, growing businesses and more mature companies looking for maximum flexibility. Instead of focusing on your company’s hard assets, or tying up collateral in real estate or personal assets, accounts receivable financing unlocks the value of your customers and the accounts receivable you’ve earned but haven’t yet collected.