Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) announces the closing of a $40MM equipment lease line to a leading pet supply manufacturer and distributor. This financing has enabled the company to purchase new mission-critical equipment for its primary manufacturing plant as it expands its production capacity and sales nationally as well as into European and Asian markets.
Demand for high quality pet food continues to grow, as does the demand for equally well-placed funding to support this growth. Due to Accord’s previous experience with this client combined with a well-demonstrated track record in this specialized industry, as well as equipment finance, Accord was invited to agent this transaction bringing in two additional partners and increasing the overall commitment.
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 both small businesses and medium-sized enterprises, simply delivered, so our clients can thrive. For 45 years, Accord has helped businesses manage their cash flows and maximize financial opportunities.