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Factoring turns unpaid invoices into working capital, giving your business the flexibility to keep operations moving, invest in new opportunities, and grow without waiting for customer payments.
Backed by decades of experience in receivables financing, Accord provides factoring solutions that support businesses at every stage, from growing companies to more complex financing needs.
Turn Invoices into Working Capital
After you deliver your product or service and issue an eligible invoice, Accord advances a significant portion of its value. Your customer continues to pay according to the agreed payment terms, while you gain faster access to working capital to support your business.
Designed for Invoice-Based Businesses
Factoring is ideal for businesses that invoice customers for completed products or services and offer payment terms.
Connect with one of our financing specialists to discuss your business needs. Whether it’s factoring or another financing solution, we’ll help you identify the right fit for your goals.
Unlock Working Capital
Convert eligible accounts receivable into immediate working capital without waiting for customer payments. Accord’s factoring solutions help improve cash flow, support operations, and provide the flexibility to grow your business.
Our factoring solutions are designed to support businesses at different stages of growth and with varying financing needs. If you’re looking for a streamlined factoring option, AccordExpress Factoring may be worth exploring to see if it aligns with your business and eligibility requirements.
Turn Invoices into Working Capital
After you deliver your product or service and issue an eligible invoice, Accord advances a significant portion of its value. Your customer continues to pay according to the agreed payment terms, while you gain faster access to working capital to support your business.
Designed for Invoice-Based Businesses
Factoring is ideal for businesses that invoice customers for completed products or services and offer payment terms.
Connect with one of our financing specialists to discuss your business needs. Whether it’s factoring or another financing solution, we’ll help you identify the right fit for your goals.
Unlock Working Capital
Convert eligible accounts receivable into immediate working capital without waiting for customer payments. Accord’s factoring solutions help improve cash flow, support operations, and provide the flexibility to grow your business.
Our factoring solutions are designed to support businesses at different stages of growth and with varying financing needs. If you’re looking for a streamlined factoring option, AccordExpress Factoring may be worth exploring to see if it aligns with your business and eligibility requirements.
Accounts receivable factoring is financial transaction by which a business sells its accounts receivable to a third-party lender. The lender provides an advance on the unpaid invoices from the company’s customers (typically less than 90 days old) to provide the business with additional working capital.
AccordExpress Factoring is a great way for your small business to increase its cash flow in order to grow. By utilizing factoring, your small businesses can free up cash to invest in growth and outsource the administration of your accounts receivable. Call us to learn how you can take advantage of factoring for your small business at +1-800-967-0015.
Factoring has the major advantage of providing the money for the goods and services you sold on terms, allowing you to access funds without restrictive covenants. The trade off for this flexibility and ease of access is that the cost service fees and origination fees tend to be higher than conventional loans.
Factoring rates vary greatly from one transaction to the next. Typically, rates are based on the advance rate required, the level of risk and the size of the facility.
Factoring involves the sale of your accounts receivable to a factoring company, whereas accounts receivable financing operates via a line of credit or asset-based loan against receivables. When compared to these loan facilities, factoring companies can offer additional services and can administer your accounts receivable. Factoring can also be structured as an off-balance sheet obligation.
Recourse factoring is a common form of receivable factoring in which you must buy back or replace receivables which have passed the eligibility period, typically 90 days, or those which are not collectible. With non-recourse factoring, the factoring company assumes the credit risk of bad debts, in the event that your customers are unable to pay due to insolvency or other financial issues.
Factoring is a common practice in the transportation industry. By using factoring, you have immediate access to cash to pay drivers, purchase fuel or maintain your equipment. If your transport business is looking to access additional cash through accounts receivable financing, you may also want to consider our equipment financing products.
If you own a small business in need of working capital, partnering with a factoring company with a successful track record is the best way to meet your needs. At Accord Financial our experience and expertise in accounts receivable financing can provide a convenient solution to your business’ unique needs. Call us to learn more about accounts receivable financing for your business at +1-800-967-0015.
Company A is a wholesaler that sells frozen fruits to large grocery stores on 30-day terms. Company A needs liquidity to buy inventory and fulfill orders, but is waiting for the large grocery stores to pay their fulfilled orders. Company A turns to Accord and sells their accounts receivables to Accord. Accord provides Company A with 90% of the face value of their invoices, The remaining 10% is given to Company A when their customer pays the invoice.