$12MM Credit Line Helps Travel Company Soar to New Heights
When a travel company’s business picked up dramatically post-Covid, Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) moved quickly to provide the company with the liquidity they needed to manage their fast-growing business. As one of the hardest hit industries, travel had come to an almost complete halt during Covid. The company’s operating lender cut their line of credit to twenty percent of the amount authorized. When travel picked up in 2022, the original banking lender couldn’t restore the company’s higher limit.