Apparel
and Textile:
Financing Fashion

Accord has served the apparel and textile business for over 40 years, providing flexible financing tailored to your business. Working with Accord is always in style.

Fashion-forward finance for the apparel industry

Fast-paced decision-making together with extreme supply chain challenges can push your business to the edge. Simple bank financing is rarely enough—you need flexible solutions tailored to your business. We offer that to apparel and textile companies through:

  • Small business loans
  • Supply chain finance
  • Inventory finance
  • Accounts receivable financing/factoring
  • Accounts receivable management

With a deep understanding of your business, Accord’s financing solutions are always in style.

Success in the apparel business requires a unique ability to see into the future. You need to know what that shopper wants long before they do.

Long lead times—for both retailers and wholesalers—present a unique buying challenge; orders are placed and goods put into production months before a shopper selects a garment off the rack.

As an importer or wholesaler, the time between paying for goods, shipping to customers, and collecting on your invoices is stretched as much as a full season or beyond. The last thing you need to worry about is how to finance the flow of goods. More importantly, you have to worry about the financial strength of your customers.

If you’re a retailer, you have the added challenge of bringing shoppers through the door or onto your website. Your retail space needs to stay fresh and compelling. On top of that, your product needs to turn over quickly, keeping aged inventory to a minimum.

In the apparel business, the landmines you must avoid are the ones hidden in your customer list. Even if you have strong, flexible financing for your business, you can’t be sure your customers do. If your customer can’t pay you, who will? When you guarantee your accounts receivable management through Accord, we will.

Retailers, wholesalers and distributors in the apparel and textile industry can achieve growth through a variety of financial solutions tailored to their needs.

An AccordAccess small business loan is the fastest and most flexible way to invest up to $75,000 into your apparel or textile business.

The AccordOctet supply chain finance program gives you a revolving unsecured line of credit, boosting your buying power without affecting existing financing facilities. It effectively unlocks capital tied up in your supply chain—using our money to pay your suppliers, and paying us back as you collect from your customers.

Asset-based lending solutions for apparel and textile businesses are also customizable to your needs with inventory financing, accounts receivable financing and A/R management. With revolving lines of credit from $1 million to $20million, we focus on speed and simplicity, which is important if you are growing, or if traditional banks have turned you down.

Working with Accord is always in style. We have the financing solutions to help your apparel and textile business thrive.

AccordAccess small business loans are ideal for:

  • Retailers looking to improve their store, or invest in new fixtures and equipment
  • Distributors who want to upgrade their warehouse facilities
  • Wholesalers with an opportunity to take on an unexpected purchase order

Supply chain financing with AccordOctet can help you:

  • Pay your suppliers fast
  • Negotiate discounts for quick payment
  • Handle peak seasonal periods
  • Take up to 120 days to repay Accord

Accord’s asset-based lending solutions can be the closing stitch to financing your apparel or textile business:

  • Advance rates up to 75% of the orderly liquidation value of your inventory
  • Lines of credit from $1,000,000 to $20,000,000
  • No restrictive financial covenants
  • The facility grows as your business grows
  • Accelerate your cash flow with accounts receivable financing
  • Accounts receivable management provides risk-free credit protection for guaranteed payment

When you choose Accord as your financial partner, you have one of North America’s most experienced teams on your side. We are dedicated to understanding the unique needs and challenges of your apparel & textile business —this ensures that our comprehensive financing solutions are tailor-made for you and your industry.

Frequently Asked Questions

Depending on the size of your project, there are options ranging from small business loans to asset-based lines of credit:

  • For smaller projects in the textile industry, AccordAccess is a great solution, offering small business loans designed to provide your company with fast and flexible capital tailored to your business’s needs.
  • For larger projects in the textile industry, you may want to consider asset-based lending, which can provide financing on your accounts receivable, inventory, equipment and offer letters of credit for imports.

The clothing and textile industry has a wide range of company types from manufacturing to end consumer sales.

Asset-based financing allows you to use various company assets as collateral to access the working capital you need.

Other solutions include:

Fashion furniture lines, or any retail establishments, can receive financing with a simple qualification of having an adequate amount collateral to sufficiently secure the debt.

So you can quickly get retail inventory financing as part of an asset-based financing program. Retail inventory financing facilities are available for your business in amounts ranging from $1 million to $20 million.

Apparel purchase order financing refers to a business loan where a lender provides loans or extends other forms of credit to enable you to fulfill orders from your customers.

In addition to our inventory financing programs, Accord offers solutions specifically designed to help importers like you finance orders from their customers. With AccordOctet, you can finance purchases from suppliers for up to 120 days.

Additionally, as part of an asset-based loan facility, we can guarantee letters of credit to your suppliers for the purchase of pre-sold finished goods inventory. Both these programs allow you to finance purchase orders from your customers and access additional leverage to grow your business.

Yes. The best way to finance your direct-to-garment printing machines, among other garment and textile machines, is through equipment financing.

Garment, apparel and textile equipment financing is a type of business loan or lease that leverages your equipment to provide additional working capital to invest in the operations and growth of your business.

Yes! Accord offers financing to small businesses of all sizes in a variety of industries, including the apparel and textile industry.

Discover our small business loan solutions or call us to discuss how you can benefit from small business loans: +1-844-932-9940 (Canada) /+1-844-725-4225 (US).

The best way to finance your clothing store acquisition is through a lender with extensive experience facilitating acquisitions.

With over 40 years of experience, Accord offers tailored solutions that cover all your acquisition financing needs. Please contact us directly to learn how you can get financing for the acquisition of a clothing store, garment, apparel and textile equipment, or any other type of business.