Liquidity Solutions2020-11-30T10:25:06+00:00

LIQUIDITY SOLUTIONS AVAILABLE THROUGH ACCORD SMALL BUSINESS FINANCE

Access to cash and cash equivalents (often referred to as “liquidity”) is the lifeblood of any business, large or small. Our current portfolio of products to help increase liquidity are outlined below.

FOR BUSINESSES AFFECTED BY COVID 19

We have two products specifically for businesses affected by COVID-19. Both are part of the backed by the BCAP (Business Credit Availability Program).
Please see our dedicated information and application pages for these lending products.

About the BCAP-backed Program

The BCAP lending program was launched as part of the Government of Canada’s response to the COVID-19 pandemic to provide support to Canadian small and medium sized businesses. Simply put, the BCAP program supports Canadian businesses during these tumultuous times with new working capital loan facilities. Eligible businesses must have been negatively impacted by COVID-19, been viable prior to COVID-19, and the loan proceeds must be used for covering payroll and other approved operating costs.

SAMPLE TRANSACTIONS

Here’s some examples of recent transactions we have funded under the BCAP program.

OTHER LIQUIDITY SOLUTIONS

We offer two additional solutions to help you raise additional cash for your business

  • If your small business is equipment-rich and cash-poor, easily resolve that situation by refinancing your equipment. We offer two means of accomplishing this, including:
    1. Sale-Leaseback Transactions – refinance your equipment by completing a sale leaseback transaction. These transactions are available with up to four year terms depending on the nature and condition of the equipment, as well as the creditworthiness of the business;
    2. Equipment-backed Revolving Credit Facility – Our EBR (equipment backed revolver) is an ideal solution if your working capital needs vary throughout the year. Borrow against the value of your equipment in the form of a revolving credit line. This structure provides you with the assured access to capital that lets you sleep at night, while putting you in full control of your usage of funds and ultimately your interest costs.
  • Accounts Receivable and Inventory Financing – Our parent company, Accord Financial, has been one of Canada’s leaders in providing invoice factoring services and asset-backed lending products.

Get in touch with our experts today

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