AccordAccess – Your Access to Capital Has Never Been Easier
Take advantage of new opportunities or manage through challenging times with an AccordAccess small business loan – fast, flexible finance.
AccordAccess: your bridge to success
Even with years of experience and careful planning, sometimes opportunity arrives without notice. Or your business hits a bump in the road. These temporary events can be handled effectively with fast, flexible finance.
An AccordAccess small business loan provides up to $75,000, repaid in 18 months or sooner with simple, fixed weekly payments. When you need quick capital to take advantage of growth opportunities or manage through challenging events, AccordAccess is your bridge to success:
- Would you gain from extra inventory for a peak period or seasonal cycle?
- Do you need to bridge the gap between paying suppliers and collecting from customers?
- Is there an opportunity to take on an unusually large project or order?
- Do you need to pay for equipment repairs?
- Would your business benefit from new fixtures or small equipment?
- Do you need to bridge through an unexpected slowdown or an unplanned one-time expense?
- Would a small business loan improve your overall working capital position?
If fresh capital would help you seize opportunities and drive growth, or manage an unexpected challenge, an AccordAccess small business loan may be right for you.
How does it work?
An AccordAccess small business loan is directed straight to your bank account, usually within 24 hours of application. And the structure is simple:
Collateral: none, unsecured
Maximum loan: it's your choice, from $5,000 to $75,000 subject to our credit evaluation
Term: flexible terms between 3 and 18 months
Repayment: simple fixed weekly repayments of principal & interest by account debit
Prepayment: anytime, subject to three months interest
Re-advance: you can apply for a new small business loan once 50% of original term is completed (original loan is then repaid and the balance re-advanced as a new loan)
Quick capital ready when you need it
When you need fast access to capital, Accord is ready to work. You’ll find our service and speed are best in the industry. Once you submit all of your application information, you can expect a credit decision within 8 business hours.
Once you’re approved, we'll send you your loan documentation right away. The entire process moves quickly, and in many cases your small business loan is funded the next business day – direct to your bank account.
AccordAccess simplifies the entire process, accepting your application in real time through www.accordaccess.com, and funding your small business loan on approval within 24 hours.
Unlike with others in our industry, your credit application is handled by real people, we don’t let a computer algorithm make decisions as important as these. If you have any questions along the way, we’re here to take your call.
Flexible options to repay early or re-advance for additional funding
If you wish to repay your loan early – no problem, you can repay at any time with a modest charge equal to three months of interest.
If you wish to continue to maximize your small business loan, you can apply to re-advance up to your previous credit limit (or apply to increase your limit) once 50% of your original loan term is completed. Your new loan will pay out your old one, with the balance re-advanced as a new AccordAccess loan.
Priced like a corporate credit card
We aim to be the most transparent small business lender in Canada - there are no fees other than the lender fee and interest rate clearly outlined in the loan agreement. The cost of your AccordAccess small business loan is comparable to a corporate credit card.
And unlike your bank and other lenders, we won't ask for your home, car, equipment or your credit card receipts as collateral – your good character is enough. Our small business loan pricing takes this, and the very short term, into account.
Does your business qualify for a small business loan?
Start with these six simple questions:
- Is your business located in Canada?
- Have you been in business more than two years?
- Is your business stable and/or growing?
- Are your annual sales at least $100,000?
- Are there regular deposits into your business bank account?
- Do you have an average or better credit profile?
If your business is stable or growing, and you can comfortably manage short-term small business loan payments, an Accord small business loan may be right for you.
Entrepreneurs serving entrepreneurs
When you apply for an AccordAccess small business loan, you are working with Accord's dedicated small business finance division. We approach our business with the same commitment and entrepreneurial spirit that you bring to yours.
As an entrepreneur, you know that access to capital is the key to growth, but securing a small business loan has become increasingly challenging. With AccordAccess you deal direct with our credit team to review your application and give it careful consideration. While other lenders increasingly rely on technology to make credit decisions, we rely mostly on irreplaceable knowledge and experience. Our process gives us the flexibility to consider situations that numbers alone cannot fully explain.
Our business is your business
Our clients represent a cross-section of Canada's most dynamic industries from coast to coast, including:
- Professional practices
- Food & beverage
- Manufacturing (including automotive)
- Equipment operators
- Retail stores
- Hotels & restaurants
Whatever business you’re in, an Accord small business loan can work for you.
Grow with us
Accord has a unique ability to grow with you. An Accord small business loan is your entry point to our broad suite of solutions:
- Asset-based lending (including PO financing / Letters of credit and DIP financing)
- Accounts receivable financing / Factoring
- Accounts receivable management
- Equipment Finance
- Supply chain finance
From credit facilities of $5,000 all the way up to $20 million, Accord can help you grow to new levels of success.
Small Business Loans FAQ
With a small business loan, a lender provides you with funding which you can use in your business for various purposes, such as purchasing inventory, repairing equipment or expanding your small business.
The small business loan process is fairly simple. After you apply for a loan, Accord works fast, often making a credit decision within 8 hours and funding your loan as soon as the next day. A repayment plan is then selected with simple fixed weekly payments of principle and interest.
Your company is looking to produce extra inventory for a predicted upcoming peak sales period. A small business loan provides you with quick capital to take advantage of and capitalize on the opportunity.
To apply for a small business loan at Accord, your business must be incorporated in Canada, have been in business for at least 2 years, be stable and/or growing, have a consistent income and have a minimum of $100,000 in sales annually. Alongside these requirements, you will need an average or better credit history.
You can move quickly through the small business financing process. By submitting your application to Accord, you can get a credit decision in as little as 8 hours. The majority of our loans are funded the next business day, allowing you to immediately access the capital needed for your company’s growth or other objectives.
Yes! With Accord, you get flexible terms for your small business loan, usually between 3 to 18 months.
Yes! Get a small business asset-based loan secured by collateral to provide you with working capital to manage your daily operations, fuel your growth and/or achieve your objectives. Call us directly to take advantage of an asset-based small business loan: +1-844-932-9940 (Canada) / +1-844-725-4225 (US).
Yes, take advantage of our small business loans for your buyout or acquisition. They’re a simple solution to facilitate your plans to acquire a business. Learn more about how to finance your buyouts and acquisitions.
Currently we only offer small business loans in Canada. Call us to check directly how you can fuel your business with a fast and flexible small business loan: +1-844-932-9940 (Canada). However, if you are based in the U.S. and looking for an asset-based loan of $1 million or more call us at +1-844-725-4225 to discuss how we can help your small business succeed.
The best small business loan companies provide you with quick access to capital and dependable service throughout the process. Accord delivers both, by staffing real people to communicate with clients from start to finish. Benefit from our 40 years' experience in financing and providing small business loans to quickly get a flexible financing solution adapted to your business needs.