Following the announcement that Accord Financial sold its U.S. leasing portfolio, Rosenthal & Rosenthal, a factoring, asset-based lending, purchase order financing and inventory financing firm, announced the completion of a deal to acquire Accord Equipment Finance’s assets. read more

OCT 2, 2024 - 6:24 am

Accord Financial sold portfolio assets of Accord Equipment Finance (AEF), the company’s U.S. equipment leasing division. The acquirer is a privately held factor and finance companies in the United States, now expanding into equipment leasing. read more

OCT 1, 2024 - 5:54 am

Accord Financial established two new financing arrangements to support its Canadian small business lending division and BondIt Media Capital, its U.S.-based media financing arm. This move follows on the company’s previously-announced review of strategic initiatives. read more

JUN 27, 2024 - 6:35 am

Accord Financial entered into amendments to its primary credit facility with its banking syndicate, with the facility limit reduced from $375 million to $300 million. The facility will be reduced further to $260 million by January 2025. read more

MAR 19, 2024 - 6:44 am

Energetic Services, a provider of transportation, environmental and related services to the oil and gas sector across Alberta and British Columbia, transitioned to a bank following three years of collaboration with Accord Financial, which provided the company with a $13 million facility in 2021.  read more

FEB 16, 2024 - 6:34 am

Accord Financial hired Ryan Ray, an asset-based lending and equipment professional, as director of business development for U.S. asset-based finance. Ray’s experience includes business development and management roles at Gordon Brothers Group and AccuVal Associates. read more

NOV 29, 2023 - 6:50 am

Accord Financial closed a $40 million equipment lease line to a pet supply manufacturer and distributor. This financing has enabled the company to purchase new equipment for its primary manufacturing plant as it expands its production capacity and sales. read more

OCT 11, 2023 - 6:39 am

Accord Financial launched Accord|EDC Trade Expansion Lending Program (Accord|EDC TELP), it’s latest financing innovation supported by Export Development Canada (EDC). read more

JUN 29, 2023 - 7:19 am

Accord Financial will seek the approval of holders of its 7% convertible unsecured subordinated debentures due Dec. 31 to amend certain terms of such debentures, including increasing the interest rate from 7% to 10% and extending the maturity date to Jan. 31, 2026. read more

JUN 26, 2023 - 6:59 am

Accord Financial named Ira Almond director of business development for U.S. asset-based finance in the Southeast, and Sahil Sharma the director of business development for U.S. equipment finance in the Northeast, expanding its U.S. business development team. read more

MAY 4, 2023 - 7:12 am

Accord Financial provided a $12 million credit line to a travel company whose business has picked back up following the severe slowdown caused by the COVID-19 pandemic. The credit line provides availability against accounts receivable. read more

MAR 29, 2023 - 7:01 am

Accord Financial supported a Canadian-based child safety product manufacturer with a $2.5 million asset-based operating line when the company’s previous lender decided to reduce its footprint in the Canadian market. read more

FEB 23, 2023 - 7:13 am

Accord Financial closed a $13 million credit facility to support the acquisition of an equipment services company. read more

DEC 21, 2022 - 7:09 am

Accord Financial united all U.S. commercial financing programs under one umbrella. Jim Hogan will lead the newly united commercial team at Accord as president of U.S. commercial, while Marcel Borg joined the team as vice president of national sales for equipment finance. read more

NOV 18, 2022 - 7:01 am

Accord Financial expanded its Canadian asset-based finance and factoring senior management team to include Karim Habib as managing director of business development in Ontario and western Canada. Habib was most recently a managing director at eCapital. read more

OCT 12, 2022 - 7:07 am