Business owners don’t always understand what it means when they receive a Forbearance Letter from their financial institution. This article outlines why these letters are received, what they mean, what you should expect if you received one, and what actions you should take.
Accord Financial Corp. (TSX – ACD) today released its financial results for the fourth quarter and year ended December 31, 2022. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.
Businesses have a wide array of expenses. Paying their bills on time, investing in their business growth, and even delivering employees' salaries on time can be difficult for businesses that rely heavily on customer invoicing to meet their financial obligations on time. An accounts receivable factoring company may be able to help businesses protect their cash flow and working capital with a financing solution known as invoice factoring.
Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) moved quickly to help a leading child safety product manufacturer when the company’s previous lender decided to reduce its footprint in the Canadian market. Over the past several years, the company had resolved their supply chain problems by acquiring a contract manufacturer that had been making their products. When the company’s original lender pulled out, Accord was able to quickly grant a higher asset based operating line. This extra financing will give the company the funds they need to further consolidate their manufacturing processes as well as provide room for growth.
Accord Financial Corp. (TSX: ACD) today announced that its Board of Directors has declared a quarterly dividend of $0.075 per share, payable March 1, 2023, to shareholders of record at the close of business February 15, 2023.
Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the closing of a $13 million credit facility to support the acquisition of an equipment services company. Accord’s Asset Based Lending Group structured the facility to include a traditional revolving credit package backed by accounts receivable and inventory as well as a term loan supported by equipment.
How do you work with our clients throughout their time with Accord? I work with clients...
Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) announced a realignment plan to better support the organization’s continued growth among middle market businesses, uniting all U.S. commercial financing programs under one umbrella.
What exactly is your involvement as Director of Marketing for Accord? “While a lot of what...