{"id":4379,"date":"2020-12-11T15:54:50","date_gmt":"2020-12-11T20:54:50","guid":{"rendered":"https:\/\/accordfinancial.com\/staging\/?page_id=4379"},"modified":"2022-03-30T14:48:58","modified_gmt":"2022-03-30T19:48:58","slug":"accordexpress-covid-19-loans","status":"publish","type":"page","link":"https:\/\/accordfinancial.com\/staging\/accordexpress-covid-19-loans\/","title":{"rendered":"AccordExpress COVID-19 Loans"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">How it Works<\/h2>\n\n\n\n<p class=\"intro\">The AccordExpress loan program was specifically designed for small businesses to obtain funds as fast as 3 business days, subject to volume of applications. Businesses which have capital requirements greater than $250,000 (up to $6.25 Million) or have complex structures should <a href=\"mailto:AccordExpress@accordfinancial.com\" target=\"_blank\" rel=\"noopener noreferrer\">click here<\/a> to learn more and request a callback.<\/p>\n<div class=\"content\">\n    <p>AccordExpress loan interest rates start at 9.95%, with the offered interest rate being determined based on a combination of your business credit history and the credit history of the shareholders of the business.<\/p>\n    <ul>\n        <li>Loan is to be repaid over 48 months with the first 6 monthly payments are interest only, followed by 42 months of principle and interest.<\/li>\n        <li>The total interest cost for the first 6 months will be automatically deducted from the loan proceeds, so you will have no debt servicing for 6 months. Your first scheduled payment will be on the 7th month.<\/li>\n        <li>You may repay the loan early at any time without any penalty whatsoever.<\/li>\n        <li>The loan proceeds must be used for ongoing scheduled business operating expenses, including payment, rent, purchase or build up inventory, working capital to deal with timing differentials between collections of accounts receivable and payment of accounts payable, scheduled debt servicing payments, general business operating expenses and in some circumstances the purchase of capital assets.<br><br>In no circumstances may the loan proceeds be used for any of the following: repayment or refinancing of existing debt outside of scheduled debt servicing payments, repay any loans including loans\/advances from shareholders (including partial payments), redeem or change the capital\/equity of the business including options\/warrants, pay or declare dividends, pay bonuses or increase any executive\/shareholder compensation.<\/li>\n<li> For any questions regarding your application, please call us at <a href=\"tel:8449823010\">1 844-982-3010<\/a><\/li>\n    <\/ul>\n    <a class=\"btn light blue\" href=\"https:\/\/portal-accordfinancial.force.com\/LoanPortal\/s\/\" target=\"_blank\" rel=\"noopener noreferrer\">Apply Now<\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>How it Works The AccordExpress loan program was specifically designed for small businesses to obtain funds&#8230;<\/p>\n","protected":false},"author":1,"featured_media":4385,"parent":0,"menu_order":17,"comment_status":"closed","ping_status":"closed","template":"templates\/accord-express.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-4379","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AccordExpress COVID-19 Loans | Accord 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