Stay Up to Date on All Things Accord

Sporting goods business financing: Exploring asset-based lending solutions

Although much of the sporting goods sold in North America are imported from overseas, there has been an increase in reshoring for many categories. Working capital needs differ greatly between domestic production and importing to get from design to collecting accounts receivable post-sale in the cash conversion cycle.

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Accord Releases 2020 Annual Report

Fiscal 2020 presented Accord’s toughest challenge since the start-up years in the late 1970s. Despite the headwinds we made significant progress in positioning Accord for the next phase of growth. As the economy reopens, Accord is ready to roll.

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Accord Purchase Order Financing… What is it and how does... Accord Purchase Order Financing… What is it and how does it work?

When business owners reach out to discuss their working capital requirements, many have a need relating to purchase order financing, or PO financing. In the simplest form, they have an order or pipeline of orders, but lack the cash flow to be able to convert their orders into sales.

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Accord’s Observations on Economic Trends and Capital Investment

With consumer spending patterns shifting from services to goods, U.S. manufacturing has benefited from onshoring during the pandemic. Clogged international logistics channels from foreign goods manufacturers combined with national support for job creation...

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Accord Announces Fourth Quarter and Fiscal 2020 Results

Accord Financial Corp. (TSX – ACD) today released its financial results for the fourth quarter and year ended December 31, 2020. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.

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Untangling Factoring Myths and Facts

Factoring is the purchase of a company’s receivables where the factor advances 75-90% of the face value of the invoices once the product or service is delivered to the customer. It’s like a real-time line of credit in terms of cash flow. The reserve, the 10-25% is given to the company when their customer pays the invoice.

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Accord Declares Regular Quarterly Dividend of 5 Cents Per Share

Accord Financial Corp. (TSX – ACD) today announced that its Board of Directors has declared a quarterly dividend of $0.05 per share, payable March 1, 2021, to shareholders of record at the close of business February 15, 2021.

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Accord Financial Leverages Fincura’s Capabilities to Simplify Access to Capital

Fincura, Inc. expands relationship with Accord Financial Corp., providing its AI and machine learning capabilities to significantly enhance the richness of data collected by Accord, enabling insight, service, support and knowledge few lenders can rival.

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How leveraging asset-based loans can grow the aerospace business and... How leveraging asset-based loans can grow the aerospace business and industry

While the US and Canada continue to rank high in the aerospace industry, a lot of focus is currently being centered on sustaining liquidity and re-strategizing for growth, both now and in the nearest future.

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