Accounts
Receivable
Financing
Can Accelerate
Your Cash Flow

Grow your business with Accounts Receivable (A/R) Financing

Accounts receivable are usually the first asset a company seeks to monetize through financing.

Accounts receivable financing through asset-based lending is a viable alternative to bank financing for companies looking for maximum flexibility. An Accounts receivable facility can unlock the value of the accounts receivable you have earned but have not yet collected.

Instead of waiting 30-90 days for customers to pay their invoices, Accord can advance up to 90% of the face value of your outstanding invoices. This frees up cash for everyday operating expenses and expansion.

Regardless of the industry or size of your company, a lot of your business’ capital is likely “locked up” in your accounts receivable.

AR financing can be the solution you need to get ahead of financial difficulties, grow your business, or solve your liquidity needs. This means your own receivables can provide you with the liquidity required for your success.

Accounts receivable financing may be the answer if your company:

  • Did not qualify for financing from a bank
  • Is in need of financing to grow quickly or expand
  • Is transitioning to overcome challenges
  • Is trying to fill gaps in the cash flow cycle by constantly negotiating with customers and suppliers
  • Has large customer concentrations
  • Faces seasonal A/R fluctuations or other challenges

Whether you are a manufacturer, wholesaler, distributor, professional services company, importer or exporter and need from $1 million up to $20 million, our asset-backed accounts receivable financing service can help you thrive.

An asset-based loan from Accord backed by receivables and other assets is an excellent way to leverage your assets to help you succeed. You can start with financing as low as $1 million and grow the facility up to $20 million.

Whether your business is young and growing, mature, or undergoing a difficult transition, accounts receivable financing allows you to:

  • Financial flexibility, without restrictive covenants
  • Grow your credit line with the pace of your sales
  • Provide your good customers with extended payment terms
  • Thrive even with large customer concentrations
  • Take advantage of discounts and special buys offered by your suppliers
  • Focus on your business, not on chasing your customers to pay more quickly
  • Finance your eligible foreign receivables

Accounts receivable financing provides financial flexibility. As your revenues grow—the facility can grow with you.

Accord is client-focused, and technology driven. You will have real-time access to your account information and activity. You can also benefit from professional credit advice.

Our experienced team has worked with companies in virtually every industry. We understand the challenges you face and can craft the asset-based solution that’s best for you.

As our relationship grows, our ability to adapt and respond to your evolving needs and circumstances grows too. Once we get to know your market, your sales pattern and your team, we can help you grow with cost-effective financing solutions.

Frequently Asked Questions

Accounts receivable financing is a type of business loan where the lender provides an advance on the business’ unpaid invoices to eligible customers, (typically less than 90 days old) in order to provide the business with additional working capital.

Accounts receivable financing has the major advantage of providing the money for the goods and services you sold on terms. Due to its flexibility and lack of financial covenants, receivable financed via an asset-based loan may carry a higher cost than a typical conventional bank loan. An asset-based lender will also require copies of selling documentation due to the reliance on the value of the financed asset and not on the strength of the balance sheet.

Accounts receivable financing rates vary greatly from one transaction to the next. Typically, rates are based on the advance rate required, the level of risk and the size of the facility.

Factoring involves the sale of your accounts receivable to a factoring company, whereas accounts receivable financing is a loan against accounts receivable. When compared to these loan facilities, factoring companies can offer additional services,  and can administer your accounts receivable. Factoring can also be structured as an off-balance sheet obligation.

Accounts receivable financing can free up cash to invest in your small business growth. Call us to learn how you can take advantage of accounts receivable financing for your small business or startup: +1-844-932-9940 (Canada) / +1-844-725-4225 (US).

You are best to work with an experienced AR financing company, like Accord Financial, who has a successful track record working with companies like yours and will structure its accounts receivable financing solution to your business’ unique needs. Call us directly to learn more about accounts receivable financing for your business: +1-844-932-9940 (Canada) / +1-844-725-4225 (US).