Accord Financial is now offering Canadian companies a way to obtain accounts receivables financing through its new AccordExpress Factoring Portal, which offers financing between $500,000 and $2 million. Companies can now apply, upload documents and receive an offer in as little as 48 hours. The portal is accessible from the Accord Financial website home page.
AccordExpress offers up to 90% advance against accounts receivable with initial disbursement within 10 working days and no financial covenants. In addition, there is no term commitment, cancellable with 30 days notice and no setup fees. Inventory financing of up to $500,000 against presold and replenishment stock is available, as well as single debtor financing.
“Financing is simply faster with the AccordExpress Factoring Portal,” Cynthia Aboud, senior vice president of business development at Accord, said. “With our streamlined application process and fast approvals, Canadian companies can focus on what matters most – growing their businesses.”
