Daily News: October 14, 2013

Accord Financial Acquires Brome Capital Loan Portfolio

Accord Financial announced that it has acquired a portfolio of factoring and asset-based loans from Brome Capital through its subsidiary, Accord Financial. After taking into account the acquisition, Accord’s portfolio of loans currently exceeds $120 million.

Fred Moss, president of AFI, said, “The acquisition of this portfolio of loans reinforces our leadership position as a provider of factoring and asset-based lending to the Quebec market. The profile and quality of the acquired assets fits perfectly into our current portfolio.”