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Accord Financial Closes $100MM Securitization Facility

December 17, 2021, 07:22 AM
Filed Under: Industry News

Accord Financial Corp. announced the closing of its first private securitization facility agented by a Fortune 500, A.M. Best A+ rated Canadian life insurance company. This $100 million facility is a significant milestone for Accord, advancing the organization’s goal of diversifying its funding sources to support growth of its North American business.

This private securitization provides term financing for a discrete amortizing pool of small business loans originated by Accord. “We are pleased to have closed this substantial new financing vehicle, allowing us to fully support our customers’ needs for liquidity and growth financing while at the same time, expanding and broadening our sources of capital,” said Simon Hitzig, President, Accord. “As we continue to pursue our goal of simplifying access to capital so our clients can thrive, we are confident we have the right partners in place to fulfill our mission.”

Accord Financial provides financing solutions including factoring, inventory finance, equipment leasing, trade finance and film/media finance.

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