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.