TORONTO, Feb. 8, 2022 /CNW/ - Accord Financial
Corp. (TSX: ACD)
Accord Financial Corp. ("Accord") today announced the relaunch
of AccordExpress, Accord's unique small business financing program.
For 2022, AccordExpress is tailored to support companies engaged
all the way along the export supply chain. Direct exporters, as
well as indirect exporters (companies supporting exporters with
goods and services), are invited to apply.
AccordExpress was a resounding success in 2021, bridging
hundreds of Canadian businesses through to recovery. This
innovative program continues to offer a simple, twenty-minute
online application process with a proprietary credit model to
approve and fund loans within two business days. The program
delivers up to $250,000 for working
capital for qualified businesses, and up to $1 million if backed by equipment collateral, all
with flexible terms designed to spur growth in 2022. Accord can
also provide up to $6.25 million for
qualified companies under the same program, following a more
detailed credit review.
AccordExpress is in part supported by the Export Development
Canada (EDC) Trade Recovery Guarantee (TRG). Accord has a long
history of cooperation with EDC; in 2021 the Company funded more
than a thousand Canadian small businesses, supported by EDC's
Business Credit Availability Program ("BCAP") Guarantee.
AccordExpress now provides financing to companies throughout the
supply chain: those supplying raw materials or components for
export products, a wide range of service providers, transportation
and logistics, and exporters directly. "AccordExpress reflects our
company's resolve to support economic recovery from coast to coast.
Canadian entrepreneurs can lead Canada back to the forefront of global trade,
they just need fast, flexible funding to get the job done," said
Simon Hitzig, President and CEO.
"Entrepreneurs are the engine of the Canadian economy, creating
employment and driving economic growth at home and abroad.
AccordExpress fuels the supply chain and helps restore Canada's place in the global economy," states
James Jang, President of Accord's
small business division.
"Accord's commitment to Canadian entrepreneurs remains as strong
as ever; we never stop developing simple, unique and innovative
programs to keep our economy moving forward," adds Jang.
For more details on how to become an Accord Financial client,
companies are invited to visit accordfinancial.com or by emailing
AccordExpress@accordfinancial.com or calling 1 844 982
3010.
About Accord Financial Corp.
Accord Financial is North
America's most dynamic commercial finance company providing
fast, versatile financing solutions for companies in transition
including asset-based lending, factoring, inventory finance,
equipment leasing, trade finance and film/media finance. By
leveraging our unique combination of financial strength, deep
experience and independent thinking, we craft winning financial
solutions for small and medium-sized businesses, simply delivered,
so our clients can thrive.
SOURCE Accord Financial Corp.