Accord Financial has exited the U.S. asset-based lending business via the sale of the loan portfolio of its Greenville, SC-based U.S. subsidiary to a U.S.-based independent finance company. The sale is a key step in Accord’s previously announced strategic plan to refocus on its primary line of business: commercial lending to small businesses in the Canadian market.
Hovde served as exclusive financial advisor to Accord Financial on this transaction.
