Many of the entrepreneurs we have financed also have loans from their bank. However, this does not and should not pose a barrier to working co-operatively with them.

From time to time we have heard entrepreneurs say that in exchange for provision of a line of credit the bank has all their accounts receivable tied up. We have also heard advisors such as accountants and lawyers express the same concern.

Our experience is that most bankers will not block the sale of invoices or SR & ED claims, provided that their interests are respected. Banks generally understand the value of invoice discounting and approve of it. For more on this, see the material on our site under the heading A Banker's View.

Fostering cooperation with your bank is simple. With your permission, Acorn Partners contacts them to identify which invoices or claims you wish to sell to us and the amounts involved. They will simply release their interest in these. We have done this many times over the years and cannot recall an instance of refusal. In fact, bankers will often refer deals to us.