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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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04.13.21

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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03.23.21

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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03.11.21

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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02.24.21

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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12.23.20

Factoring and Inventory Financing, an Alternative for Commercial Businesses

Corporate finance strategies involving mergers and acquisitions, buyouts, take-overs, distressed mergers and acquisitions, etc., can be very extensive and need substantial financing.

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11.29.20

Growing Your Food Business with Asset-Based Loans

As food businesses focus on continued operations and growth, one thing remains certain — cash is king. Regardless of the food product or service provided, your food business relies heavily on cash to meet a higher scale of demand and operations.

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11.29.20

Funding Business Investments And Acquisitions

A suitable and reliable financing partner is one that is flexible, understands your business and is...

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11.17.20

Asset-based Loans – A Working Capital Solution For Service... Asset-based Loans – A Working Capital Solution For Service Businesses

Investments in information and technology also constitute a major portion of overall expenditure for service businesses....

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11.17.20