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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.
Reshoring manufacturing is a hot topic these days, as the cascading effects of supply chain disruptions are still being felt throughout the economy.
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.
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.
Accord Financial Corp. (TSX – ACD) today announced that its Board of Directors has declared a quarterly dividend of $0.075 per share, payable June 1, 2023, to shareholders of record at the close of business May 15, 2023.
Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) is now offering Canadian companies a new, fast, and convenient way to obtain accounts receivables financing through the AccordExpress Factoring Portal.
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.
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.
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.