Fiscal 2020 presented Accord’s toughest challenge since the start-up years in the late 1970s. Despite the headwinds we made significant progress in positioning Accord for the next phase of growth. As the economy reopens, Accord is ready to roll.
When business owners reach out to discuss their working capital requirements, many have a need relating to purchase order financing, or PO financing. In the simplest form, they have an order or pipeline of orders, but lack the cash flow to be able to convert their orders into sales.
With consumer spending patterns shifting from services to goods, U.S. manufacturing has benefited from onshoring during the pandemic. Clogged international logistics channels from foreign goods manufacturers combined with national support for job creation...
Accord Financial Corp. (TSX – ACD) today released its financial results for the fourth quarter and year ended December 31, 2020. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.
Factoring is the purchase of a company’s receivables where the factor advances 75-90% of the face value of the invoices once the product or service is delivered to the customer. It’s like a real-time line of credit in terms of cash flow. The reserve, the 10-25% is given to the company when their customer pays the invoice.
Accord Financial Corp. (TSX – ACD) today announced that its Board of Directors has declared a quarterly dividend of $0.05 per share, payable March 1, 2021, to shareholders of record at the close of business February 15, 2021.
Fincura, Inc. expands relationship with Accord Financial Corp., providing its AI and machine learning capabilities to significantly enhance the richness of data collected by Accord, enabling insight, service, support and knowledge few lenders can rival.
While the US and Canada continue to rank high in the aerospace industry, a lot of focus is currently being centered on sustaining liquidity and re-strategizing for growth, both now and in the nearest future.
Accord Financial today announced the launch of AccordExpress, a financing solution aimed at bridging Canadian small businesses through to the economic recovery.