Stock Up with Flexible Retail Inventory Financing from Accord
Take your retail business to the next level with flexible inventory financing from $1 million up to $20 million.
Seismic shifts in the retail landscape
The North American retail industry has seen rapid change over the last decade. As the environment gets tougher and tougher, retail inventory financing has become more important.
First it was the global multinationals, chipping away at the market share of independents and smaller regional chains. Then came online shopping, which left slower retailers in its wake. And of course the massive aggregators like Amazon and eBay have kept shoppers out of the stores and pushed margins down.
On top of all these challenges, you also need to stay one step ahead of ever-changing consumer preferences and respond quickly to changes in an uncertain economy.
If your retail business has survived these seismic shifts, then you’re doing something right. But as a retailer you know that your business is only as strong as the products on your shelf. Your product pipeline, the current assortment and your ability to keep the shelves stocked are all keys to success this season and next.
The last thing you need to worry about is retail inventory financing. You need to manage your inventory – let Accord manage the financing.
Does your business need retail inventory financing? Accord makes it easy.
We know how difficult it is for small and medium-sized retailers to access adequate retail inventory financing. The challenges that face your industry have also influenced lenders, many of whom have fled to safer ground. Traditional lenders such as banks, and even many alternative lenders, are often unwilling to provide a loan against retail inventory if the need is less than $10 million. Many apply traditional financial covenants as preconditions to a retail inventory loan while others simply don’t understand the dynamics of the retail marketplace. Accord requires none of the traditional covenants and has been supporting US and Canadian retailers with retail inventory financing for almost forty years.
Retail inventory financing: stock up with Accord
Our retail inventory financing program is offered as part of our longstanding Asset-Based Lending financing service, which has been our core expertise for many decades. With Accord, financing your inventory is straightforward, efficient and effective.
Accord’s retail inventory financing program is a winning formula for the following reasons:
- Advance rates up to 90% of the net realizable value of your retail inventory, helping you maximize the amount of inventory we can finance
- Retail inventory financing starts at $1,000,000 and can go up to $20,000,000
- Your business isn’t subject to restrictive financial covenants
- You deal directly with decision-makers at any time to help your business succeed
- As with any of Accord’s asset-based loans, a loan against your retail inventory grows as your business grows
While Accord delivers effective retail inventory financing, it works best when your business operates with an effective inventory reporting system.
Why is retail inventory financing ideal for your business?
For most retailers, inventory is the single largest asset on the balance sheet. As an entrepreneur, CEO or CFO, you know that strong financing for this part of the business is paramount. But you need more than just a loan; speed and flexibility are the keys to managing change in the retail environment, especially if your business is:
- Experiencing growth that requires a buildup in your inventory
- Expanding to one or more new locations
- Expanding into new segments (eg: online sales)
- Vertically integrating your business
- Overcoming financial difficulties; managing a turnaround or restructuring
Our retail inventory financing program is focused on speed and simplicity, which is important if you are growing, or if you’re managing a turnaround or restructuring and traditional banks have turned you down.
Our generous advance rates, combined with our experience and flexibility, make Accord your best option for inventory finance to maximize liquidity and grow your business.
Your retail business is unique. We understand.
Over the years, we have served North American companies across many sectors of the retail industry. We understand the true value of different types of inventory and we’ve provided retail inventory financing to clients operating numerous stores in a variety of geographical locations. Our experience includes working with the following types stores:
- Clothing & textiles
- Consumer electronics & appliance
- Cosmetics, beauty supply & perfume
- Junior department
- Discount department
- Home centers & hardware
- Home furnishings
- Internet retail (online retailers)
- Pet & pet supplies
- Sporting goods
- Toy & hobby
The Accord advantage
When you choose Accord, you’ve got one of North America’s most experienced teams on your side. For nearly 40 years, we’ve served small and medium-sized businesses with cost-effective and timely financing solutions, including retail inventory financing. We listen carefully, and draw on decades of experience to provide the support you need to help your business grow and prosper.
Make our expertise your advantage with our flexible retail inventory financing program.
Grow with us
By working Accord’s asset-based lending team, you open the door to a range of financing options. Once we get to know your market, sales pattern and team, we can help take your business to the next level with additional cost-effective financing programs, including: