Accord Business Finance, the Chicago-based division of Accord Financial, a provider of accounts receivable management solutions, added Erik Madsen as director.

Madsen will support new business development. He brings experience in business development with small- and medium sized-business throughout the Midwest.

Madsen hails from Denmark. After becoming a CPA in Denmark, he immigrated to the U.S., where he helped European companies get their receivables paid by setting up repayment plans for their business debtors in the US. For the past 20 years, Madsen has helped many U.S. companies with financial analysis, auditing, A/R management and collections advice.

Accord Financial is headquartered in Toronto and provides working capital, term lending and acquisition facilities for lower middle-market companies and independent sponsors throughout the U.S. and Canada.