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Asset-based lending refers to a specific type of secured loan that leverages company assets as collateral. An asset-based loan can help established companies grow by using their assets as collateral for business financing.
Accord Financial announces the closing of a $40MM equipment lease line to a leading pet supply manufacturer and distributor. This financing has enabled the company to purchase new mission-critical equipment for its primary manufacturing plant as it expands its production capacity and sales.
The outbreak of the global pandemic had drastic effects on the economy, leading to job losses and business closures. In order to support those who had lost their jobs and businesses, the federal governments of Canada and the United States injected a significant amount of money into the economy in the form of subsidy packages and loans.
With over two decades in small business lending, I've had the privilege of witnessing the ebbs and flows, triumphs, and challenges of countless businesses. These experiences have cemented my understanding of the integral role financing plays in the success of every small enterprise.
Accord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) announced the following amendments (the “Amendments”) to its 7% convertible unsecured subordinated debentures issued on December 18, 2018 and due December 31, 2023 (the “Debentures”) are effective today:
Accord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) today released its financial results for the second quarter ended June 30, 2023.
Accord Financial Corp. (TSX – ACD) today announced that its Board of Directors has declared a quarterly dividend of $0.075 per share, payable September 1, 2023, to shareholders of record at the close of business August 15, 2023.
Across industries, companies are always looking for ways to make sure they have enough working capital. Whether to seize growth opportunities or to overcome unforeseen challenges, businesses can acquire working capital by selling their accounts receivables to a factoring company; another way is by leveraging their unpaid invoices for a loan. Both of these methods allow businesses to get fast access to funds and are alternatives to a traditional bank loan.
Accord Financial Corp. (TSX – ACD) (“Accord” or the “Company”) today announced the mailing of an information circular and related meeting materials (the “Meeting Materials”) in connection with the previously announced upcoming special meeting of the holders (the "Debentureholders") of its 7% convertible unsecured subordinated debentures due December 31, 2023 (the "Debentures") to be held at 5300 Commerce Court West, 199 Bay St., Toronto, ON M5L 1B9 on August 10, 2023 at 10:00 a.m. (Eastern Daylight Time) (the "Meeting").