Tackle Growth Challenges with Growth Financing Solutions from Accord
Growth financing is a critical tool to achieve your goals. Growth is an objective, but it can present problems financing the increase in accounts receivable, inventory and fixed assets needed to generate and sustain the growth. Accord can solve those problems with its simple growth financing solutions.
Let Accord help your business prosper by providing growth financing to support increases in assets without unnecessary restrictions.
When a business is growing, you need to invest in inventory, equipment and people to generate and support the growth. This investment can be costly and requires the business to have adequate liquidity. If your business is small, medium sized or large financing growth can strain your available cash resources. Accord’s solutions for business growth financing provide the liquidity you need. Our asset-based financing facilities are secured by the Company’s accounts receivable, inventory and machinery & equipment. By leveraging your existing assets, you have the financial resources needed to sustain your growth.
Our growth financing facilities are easy to understand and easy to obtain. When you are growing, turn to an expert to provide growth financing. Accord has been providing growth financing for businesses since 1978. Through many years and hundreds of different situations, we know what it takes to help a business grow and prosper.
Accord has several types of growth financing facilities available to meet an expanding company’s needs. Each leverage different assets of your company and can be used alone or in combination, to provide the growth financing you need;
- Financing receivables provides upfront cash to manage your expenses while you wait to collect from your customers. You have made a sale, don’t wait for your customers to pay before being able to use the cash.
- Revolving loans based on the value of inventory to provide the cash to pay your suppliers. It takes time to convert the inventory into sales, use the value of this asset to help speed the process. Available in conjunction with accounts receivable financing or as a standalone retail inventory loan.
- Term loans to finance the equipment you need to operate your business without tying up your cash. While you use your equipment to produce goods and services, use the value of the equipment to provide liquidity to accelerate your growth.
The hidden challenge of a growing business
You have a strategy to grow and opportunities are on the horizon that you do not want to miss. Don’t let financial resources be the reason to miss an opportunity. Accord will provide simple and easy to understand growth financing packages based on the assets of your business. When your business is growing, you need to hire additional employees, acquire additional equipment and inventory and all of this requires cash.
Business expansion involves many day-to-day details: dealing with the employees, customers, integrating production, accounting, marketing and a lot more. Don’t let financing the company and facilitating its growth be an added strain. Your growing businesses may not have the cash to pay for these needed assets before you have produced the goods or services and been paid by your customers. While all this time is passing, the bills have come due. You need to pay employees and vendors, but you haven’t been paid by your customers yet.
Accord’s growth financing facilities are based on the value of the assets; accounts receivable, inventory, machinery and equipment. Unlike other lenders, we do not rely on financial covenants that may constrain your flexibility in operating the business. We rely on your business savvy and the value of the business assets.
Don’t miss a profitable opportunity because cash is tied up in your business. Let us provide the growth financing to help your business expand and prosper.
Accord’s nearly 40 years of experience financing growth pays off for your business
Accord has help business grow in a wide variety of sectors including:
- Apparel & textile
- Wholesale & distribution
- Food & beverage
- Professional services
Our knowledgeable executives have decades of experience helping businesses grow and we offer a broad array of services including business growth financing to help you achieve your goals.