Accord Financial

What does Accord Financial offer?

Accord offers three secured products. Asset based lending is a revolving line sized to your receivables and inventory. Invoice factoring advances cash against individual invoices and settles when your customers pay. Equipment financing covers machinery and vehicles on a fixed term. Facilities run from $5,000 to $30 million, which is a wider spread than most specialty lenders, and all of them are secured against the assets being financed.

Who does Accord Financial fund, and who do they decline?

Accord funds established Canadian industrial and commercial businesses with real assets: manufacturers, wholesalers, importers, apparel and food companies, and construction firms. The deciding factor is the quality of your receivables, inventory or equipment rather than your profit history, which is why it can work for companies a bank has turned down.

It does not publish decline criteria. A business with little in the way of receivables or hard assets, such as a pure service firm, has nothing to borrow against and will not fit. Businesses outside Canada should look at Garrington Capital, which also covers the US.

What does it typically cost and how fast is it?

Accord does not publish rates, fees or funding timelines; pricing is quoted per file once it has reviewed your assets. Asset based facilities are usually priced as a rate over prime plus monitoring fees, and factoring as a discount per 30 days. Typical ranges for each are on our asset based lending and invoice factoring pages. Expect a secured facility to take longer to set up than an unsecured online loan because the lender has to verify the collateral.

What will you need to apply?

A secured facility needs more paperwork than an online loan. Expect to provide two years of financial statements, an aged receivables and payables listing, an inventory report, equipment lists with appraisals, recent bank statements and corporate documents. Our document checklist covers each of these so you can gather them once.

How does Accord Financial compare with similar lenders?

Garrington Capital offers the same three products with a $250,000 floor and covers both Canada and the US, so it suits a cross border company. Capitally starts smaller, adds purchase order financing and cash flow loans, and is built for B2B companies with good receivables but a weak balance sheet. Accord's public listing and four decade history make it the most established of the three. Choose on the size of the facility and where your customers are.

How to apply

Apply once on this site and matching shows whether Accord Financial, or a similar lender, fits your file. You can also ask your AI assistant to collect your documents and apply for you through our MCP server. A profile in this directory is a market reference and does not by itself mean the lender is on our network for your file; matching shows the lenders available to you.