Stay Up to Date on All Things Accord

Oil and Gas Drilling Rig onshore dessert with dramatic cloudscape. Oil drilling rig operation on the oil platform in oil and gas industry.

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.

Read More

02.14.24

Invoice and calculator

What Does Factoring Mean in Finance?

Invoice factoring is a form of financing that businesses can use to improve their cash flow. When businesses factor invoices, they sell them to a factoring company at a discount in exchange for immediate payment. This allows businesses to get access the money they're owed right away, rather than waiting for their customers to pay.

Read More

12.01.23

portrait ryan ray

Accord Financial Hires Ryan Ray as Director, Business Development, U.S.... Accord Financial Hires Ryan Ray as Director, Business Development, U.S. Asset Based Finance

Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) announced the hiring of Ryan Ray, an experienced asset-based lending (ABL) and equipment professional to the Accord Financial team.

Read More

11.29.23

Industrial area. Steel pipelines valves and pumps in huge factory building

$26 Million Refinancing Helps Western Canada Contractor with Comprehensive, Flexible... $26 Million Refinancing Helps Western Canada Contractor with Comprehensive, Flexible Solution

Most growing companies should have a revolving facility in place because it enables additional growth in operations and limits the potential issue of growing faster than liquid capital. This was certainly true for Accord’s newest client, a well-established contractor in Western Canada.

Read More

11.17.23

accord financial icon

Accord Announces Third Quarter Financial Results

Accord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) today released its financial results for the third quarter ended September 30, 2023. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.

Read More

11.15.23

Pet Supply Company

Accord Financial Unleashes $40MM Financing to Growing Pet Supply Manufacturer

Accord Financial 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.

Read More

10.11.23

Business Page

How High Interest Rates Affect Small Business Loans

The outbreak of the global pandemic had drastic effects on the economy, leading to job losses and business closures. In order to support those who had lost their jobs and businesses, the federal governments of Canada and the United States injected a significant amount of money into the economy in the form of subsidy packages and loans.

Read More

09.13.23

accord financial icon

Accord Financial Confirms Amendments to Convertible Debentures

Accord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) announced the following amendments (the “Amendments”) to its 7% convertible unsecured subordinated debentures issued on December 18, 2018 and due December 31, 2023 (the “Debentures”) are effective today:

Read More

08.15.23

accord financial icon

Accord Announces Second Quarter Financial Results and Approval of Debenture... Accord Announces Second Quarter Financial Results and Approval of Debenture Amendments

Accord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) today released its financial results for the second quarter ended June 30, 2023.

Read More

08.10.23