With a variety of financing and coverage options, your wholesale business can enjoy the tailored financing it needs to grow. We are flexible and take the time to understand your business—your customers, any seasonality constraints and inventory fluctuations.
Wholesalers need an experienced lender with financing options to meet their unique needs
When a wholesale business cannot get the financing or adequate coverage it needs from a traditional bank, growth can be stalled, ultimately hurting the business.
Are seasonal fluctuations and strict caps on your line of credit preventing you from carrying enough inventory to fulfil your customer orders? Are extended customer payment terms tying up your cash flow, hindering your company’s ability to pay suppliers for new product, and preventing you from fulfilling new or larger orders?
Sudden jumps or dips in foreign exchange can also create significant swings in gross margins. While some swings can be profitable, others can be devastating.
Even with purchase orders in hand, but lacking the capital to pay for product, your wholesale company can find itself stalled by suppliers who demand up-front payment or letters of credit.
Whatever the case, your wholesale business needs capital and a continuous flow of funds in order for the company to grow. If your wholesale company is in need of financing but do not meet the prerequisites of bank lines or do not want to tie up your cash flow, Accord can be your partner for success.
With a variety of wholesale financing solutions, Accord can step in to get you where you need to be. Whether goods are imported or manufactured, sold domestically or internationally, we can help.
While banks traditionally rely on equity or past financial performance to determine loan eligibility, Accord will work with you to determine your best wholesale financing options based on the value of all of your assets. Asset-based lending as a wholesale financing solution gives you the flexibility and liquidity necessary to thrive.
If you are light on inventory assets and need different leverage, an accounts receivable financing option might be best. With advance rates up to 90%, your receivables and inventory will be working overtime to increase liquidity and buying power.
Accord also offers purchase order financing for growing companies whereby we open letters of credit on your behalf, with minimal reserves, allowing you to turn your cash into sales.
Once those goods are paid for, we will carry the loan, using your inventory as security, until you are able to turn it into receivables—keeping you continuously covered.
From asset-based loans and accounts receivable financing, to purchase order financing and letters of credit, Accord has the wholesale financing solutions to realize your path to growth.
Our asset-based lending solutions provide funding when wholesale businesses have exhausted other options. We can leverage the value of your assets to free up cash for day-to-day operations, expansion, payroll and more. An asset-based loan is a revolving loan based upon the total realizable value of accounts receivable and inventory.
Accord has the ability to secure foreign exchange contracts on your behalf, so you can focus your attention on growth —secure in the knowledge that the company’s bottom line is protected.
Whether warehoused or in transit, we can also provide you with additional capital in order to pay suppliers early, allowing you to take advantage of early payment discounts.
We understand that there is more to a business’ true value than numbers on a balance sheet. We have experience helping a wide range of wholesale businesses implement their optimal financing solutions:
- Food and beverage
- Medical and technical equipment
- Promotional products
- Sporting goods
- Furniture and more
We are dedicated to understanding the unique needs and challenges of your wholesale business—this ensures that our comprehensive financing solutions are structured specifically for you and your industry.
Frequently Asked Questions
Wholesale financing refers to lending and borrowing services, usually leveraged by company assets, for wholesale businesses.
Asset-based lending is one of the most common wholesale financing solutions we offer, using your business’ assets as collateral for quick working capital. Other great solutions for wholesale businesses are:
- Factoring/accounts receivable lending
- Accounts receivable management (ARM)
- Inventory financing
Call us to get the most out of wholesale financing solutions specifically tailored to your business and situation at +1-800-967-0015.
Yes, you can use wholesale inventory financing as a solution to maximize your working capital. By leveraging your inventory, your business will obtain working capital which you can use to purchase new inventory or finance other general operating expenses of your wholesale business.
When it comes to wholesale financing, there isn’t a standard timeline, because each situation is unique. Accord will work closely with you and your business to ensure the process stays on track and moves as fast as possible. Usually, businesses like yours can obtain wholesale financing in as little as a few weeks.
The main requirement to qualify for wholesale financing is sufficient collateral to cover the debt. So if your wholesale business has inventory, equipment and a history of sales volume, you are ready to apply for financing. If you are a U.S. or Canadian wholesaler with borrowing needs up to $20 million, call us to discuss how your business can benefit from wholesale financing at +1-800-967-0015.
Wholesale equipment financing provides lease and loan financing solutions to support the acquisition of new equipment or the refinancing of existing equipment, including:
By maximizing the leverage on machinery, equipment and rolling stock, you can free up capital to invest in your wholesale business.
Yes! Our Canadian-based small business finance division offers loans of up to $75,000 to support small wholesalers of all types. Call us to discuss how you can benefit from small business financing at +1-800-967-0015.
The best wholesale financing companies will provide you with flexible solutions based on what your business needs.
At Accord, our goal is to provide fast and flexible wholesale financing solutions based on your company’s unique needs and within timelines that will enable your business to succeed. Call us to discuss how your business can benefit from wholesale financing at +1-800-967-0015.