Accord supports growth with $3 million financing for an innovative healthcare company
Accord Financial has announced the successful closing of a $3.0 million asset-based loan facility for a growing US-based health and wellness company. Serving institutional and self-care markets, this groundbreaking company develops non-prescription topical wellness formulas without the risk associated with traditional drugs.
Accord embraced the opportunity to step in as the senior lender, allowing the company to graduate from reliance on its private equity sponsor for funding, and accelerate its growth potential. In keeping with Accord’s entrepreneurial spirit, the range of collateral types made Accord a natural fit at this point in the company’s lifecycle.
As always, Accord’s team was proud to be recognized as a trusted source of capital by the company’s UK-based private equity sponsor as well as its financial advisory firm. Accord’s longstanding relationships and reputation for fast, decisive action, made the difference in securing financing for the company’s next phase of growth.
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 in Canada, 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.