Accord Financial Corp. announces Canada's fastest, most flexible factoring
solution for entrepreneurs.
TORONTO, June 8, 2021 /CNW/ -- Accord Financial Corp.
(TSX: ACD) -- Accord Financial Corp. ("Accord") announces the
launch of AccordExpress Factoring, simplifying access to capital
for Canadian small and medium sized enterprises (SMEs). With
businesses stretched to the limit with pandemic-related debt and
the costs of gearing back up as the economy reopens, AccordExpress
Factoring unlocks cash tied up in receivables creating an ideal
solution for companies preparing to reopen and grow. No other
company in Canada can match the
speed and flexibility of Accord's new program.
While factoring is a popular cash flow tool, Accord's financial
strength has allowed it to enhance the solution. Term sheets are
delivered in 48 hours and funding up to $2
million arrives within ten business days. AccordExpress
Factoring provides immediate access of up to 90% cash advance on
accounts receivable, either one debtor or all receivables with no
setup fee or long-term contract, allowing clients to easily sign up
and use the program for as long as they want.
The new program follows on the successful launch of
AccordExpress BCAP, Accord's unique pandemic relief small business
loan program. "Businessowners can now unlock cash tied up in goods
and services they've already delivered to their clients," said
Simon Hitzig, President and CEO.
"Factoring isn't new, but Accord's unique solution for SMEs
is."
AccordExpress Factoring is aimed at owners repositioning their
business, transforming their balance sheet or looking to seize
growth opportunities, with ongoing cash needs between $500,000 - $2
million. Additional flexibility can be delivered through
quick over-advances and inventory financing to qualified
clients.
To learn how to become an AccordExpress Factoring client,
companies are invited to visit
www.accordfinancial.com/services/accordexpress-factoring or to
email mlague@accordfinancial.com or call +1 844.932.9940.
About Accord Financial Corp.
Accord Financial is North
America's most dynamic commercial finance company providing
fast, versatile financing solutions for companies in transition
including factoring, inventory finance, equipment lease financing,
trade finance and film/media finance. By leveraging our unique
combination of financial strengths, deep experience and independent
thinking, we craft winning financial solutions for small and
medium-sized businesses, simply delivered, so our clients can
thrive.
SOURCE Accord Financial