Accounts receivable are usually the first asset a company seeks to monetize through financing.
Accounts receivable financing is an asset-based loan that is a great alternative to bank financing for small and medium-sized enterprises (SMEs) looking for maximum flexibility. Accounts receivable loans and other financing methods can unlock the value of the accounts receivable you have earned but have not yet collected.
Instead of waiting until the customer pays their invoice, which can take 30-90 days, Accord can advance up to 90% of the face value of your outstanding invoices. Accounts receivable financing frees up cash for everyday operating expenses and expansion.