Accord Financial Empowers Energetic Services Inc.’s Transition to Conventional Banking
In 2021, Accord Financial provided a $13 million facility for Energetic Services Inc. (Energetic), an oil and gas services company, solidifying its commitment to supporting businesses during both recovery and expansion phases.
Energetic, renowned for providing transportation, environmental, and related services to the oil and gas sector across Alberta and BC, faced unprecedented challenges in the wake of the Covid-19 pandemic. Accord Financial played a pivotal role in providing a comprehensive financial solution, including asset-based loans against Accounts Receivable, Equipment, and Real Estate, along with an Accord BCAP loan.
During their tenure at Accord, the oil and gas business not only recovered to pre-pandemic levels but also experienced significant growth. The decision to transition back to conventional banking was a natural progression, and Accord takes pride in the achievements of both Accord and Energetic’s teams since 2021.
Following a successful collaboration, Energetic confidently transitioned to a prominent bank, strategically aligning with their growth objectives.
Cynthia Aboud, Senior Vice President, Business Development of Accord Canada Asset-Based Finance, expressed support for the client’s decision, stating, “We take pride in our pivotal role during their recovery and growth phases. As they embark on this new chapter, Accord Canada wishes them continued success and growth. Our commitment to innovative financial solutions remains steadfast, and we eagerly anticipate serving and supporting businesses in their financial endeavors.”
“As we transition to a bank, we reflect on the instrumental role Accord Financial played in our evolution. Their commitment to innovative financial solutions, coupled with a genuine desire to see businesses thrive, sets them apart. We express our sincere gratitude to Accord Financial and look forward to continued success.”
Brennan Ross, CEO Energetic Services Inc.
Accord Financial remains dedicated to delivering leading-edge financial solutions, across various sectors throughout Canada and the US, including manufacturing, distribution, transportation, services, food and beverages.
About Accord Financial Canada
Accord Financial Canada provides asset-based lending, equipment financing, Trade Expansion Lending Program and factoring solutions to small- and medium-sized businesses seeking financing to fuel their growth. Their solutions range from $50K to $20MM across a number of sectors, including manufacturing, distribution, transportation, and other services in a wide range of industries. With leading-edge technology and quick turnaround, their experienced management team brings value to every transaction.