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Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) is now offering Canadian companies a new, fast, and convenient way to obtain accounts receivables financing through the AccordExpress Factoring Portal.
Businesses have a wide array of expenses. Paying their bills on time, investing in their business growth, and even delivering employees' salaries on time can be difficult for businesses that rely heavily on customer invoicing to meet their financial obligations on time. An accounts receivable factoring company may be able to help businesses protect their cash flow and working capital with a financing solution known as invoice factoring.
Alternative financing can be beneficial for businesses of all sizes, offer many advantages and is cost-effective. With asset-based loans and other financing solutions, alternative lenders effectively fill in financing gaps for businesses and entrepreneurs.
Cash flow is a common problem in the transportation industry. The pain point for most transport businesses arises from the mismatch between the cash payments received from customers and the cash payments they have to make for operating expense, especially fuel and labor.