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Small Business Loans
Made Easy

Small business loans allow you to manage challenging times and take advantage of opportunities

A small business loan from Accord provides up to $75,000—repaid in within 18 months—with fixed, weekly payments. If you need quick capital to seize opportunities or manage challenges, a small business loan is your bridge to success.

If your business is stable or growing, and you can comfortably manage short-term small business loan payments, an Accord small business loan may be right for you.

Does your business qualify for a small business loan through Accord?

  • Located in Canada
  • In business more than two years
  • Stable and/or growing
  • Annual sales over $100,000
  • Regular deposits into your business bank account
  • Average or better credit profile

As an entrepreneur, you know that access to capital is the key to growth and sustainability, but securing a small business loan has become increasingly challenging.

You can have a rock-solid business plan that your team has executed to perfection, but when unforeseen challenges or opportunities arise, quick access to capital is essential achieving your goals.

Accord provides small business loans for a wide variety of industries, each with its own unique set of challenges and opportunities.

  • Is extra inventory for a peak period or seasonal cycle a recurring issue?
  • Do you need to bridge the gap between paying suppliers and collecting from customers?
  • Do you have an opportunity to take on an unusually large project or order?
  • Would your business benefit from new fixtures or small equipment?
  • Do you need to pay for equipment repairs?
  • Are you facing an unplanned one-time expense or unexpected slowdown?
  • Would a small business loan improve your overall working capital position?

Unlike banks and other lenders, Accord won’t ask for your home, car, equipment or your credit card receipts as collateral – your good character is enough. Our small business loan pricing considers this and other short-term variables.

An Accord small business loan is directed straight to your bank account, usually within 24 hours of application, and the structure is simple:

  • Collateral: None (unsecured)
  • Maximum loan: From $5,000 to $75,000 (subject to our credit evaluation)
  • Term: Flexible terms between 3 and 18 months
  • Repayment: Fixed weekly repayments of principal & interest by account debit
  • Prepayment: Anytime, subject to three months interest
  • Re-advance: You can apply for a new small business loan once 50% of original term is completed (original loan is then repaid and the balance re-advanced as a new loan)

We take pride in providing you with fast access to capital. Once you submit all of your application information, you can expect a credit decision within 8 business hours.

Once you’re approved, we’ll send you your loan documentation right away, and in many cases your small business loan is funded the next business day—direct to your bank account.

In addition, Accord offers flexible options to repay early or re-advance for additional funding. You can repay at any time with a modest charge equal to three months of interest. You can also apply for a re-advance up to your previous credit limit (or apply to increase your limit) once 50% of your original loan term is completed.

Your business is unique and more complex than numbers on a spreadsheet. That is why we take the time to understand you and your business.

With Accord, you deal directly with our credit team to review your application and give it careful consideration. While other lenders may rely solely on technology to make credit decisions, we trust in our knowledge and experience. Decisions this important shouldn’t be left to a computer algorithm. Our process gives us the flexibility to consider situations that numbers alone cannot fully explain.

Accord simplifies the small business loan process. We review and make a credit decision on you application within 8 business hours and funding your small business loan (upon approval) will post within 24 business hours.

We aim to be the most transparent small business lender in Canada – there are no fees (besides the lender fee and interest rate clearly outlined in the loan agreement). The cost of your Accord small business loan is comparable to a corporate credit card.

Our clients represent a cross-section of Canada’s most dynamic industries from coast to coast. Whatever business you’re in, an Accord small business loan can work for you. We also offer a variety of other financing solutions with credit facilities from $5,000 to $20 million, so you can count on Accord to help you grow to new levels of success.

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Frequently Asked Questions

With a small business loan, a lender provides you with funding which you can use in your business for various purposes, such as purchasing inventory, repairing equipment or expanding your small business.

The small business loan process is fairly simple. After you apply for a loan, Accord works fast, often making a credit decision within 8 hours and funding your loan as soon as the next day. A repayment plan is then selected with simple fixed weekly payments of principle and interest.

Your company is looking to produce extra inventory for a predicted upcoming peak sales period. A small business loan provides you with quick capital to take advantage of and capitalize on the opportunity.

To apply for a small business loan at Accord, your business must be incorporated in Canada, have been in business for at least 2 years, be stable and/or growing, have a consistent income and have a minimum of $100,000 in sales annually. Alongside these requirements, you will need an average or better credit history.

You can move quickly through the small business financing process. By submitting your application to Accord, you can get a credit decision in as little as 8 hours. The majority of our loans are funded the next business day, allowing you to immediately access the capital needed for your company’s growth or other objectives.

Yes! With Accord, you get flexible terms for your small business loan, usually between 3 to 18 months.

Yes! Get a small business asset-based loan secured by collateral to provide you with working capital to manage your daily operations, fuel your growth and/or achieve your objectives. Contact us with your needs to learn more and take advantage of an asset-based small business loan.

Yes, take advantage of our small business loans for your buyout or acquisition. They’re a simple solution to facilitate your plans to acquire a business. Learn more about how to finance your buyouts and acquisitions.

Currently we only offer small business loans in Canada. Contact us to check directly how you can fuel your business with a fast and flexible small business loan. However, if you are based in the U.S. and looking for an asset-based loan of $1 million or more Contact us to discuss how we can help your small business succeed.

The best small business loan companies provide you with quick access to capital and dependable service throughout the process. Accord delivers both, by staffing real people to communicate with clients from start to finish. Benefit from our 40 years’ experience in financing and providing small business loans to quickly get a flexible financing solution adapted to your business needs.