According to the Secured Finance Network’s 2020 Annual Factoring Survey, overall factoring volume in the U.S. declined 25.9% in 2020, while international factoring showed significantly increased activity, with a 61.8% rise in volume.
Accord Financial named Barrett Carlson senior vice president of corporate development and Eric Starr senior vice president of program operations and risk.
Accord Financial achieved record growth throughout 2018 and into 2019 and has added several new team members in order to maintain its high level of client service and responsiveness.
Accord Financial appointed Simon Hitzig president and chief executive officer, effective October 1, 2018. Former President and CEO Tom Henderson will remain with the company as vice chairman and director.
Accord Financial signed a new senior secured revolving credit facility totaling $292 million with a syndicate of banks. The Bank of Nova Scotia acted as administrative agent, sole arranger and sole bookrunner on the transaction.
Advantex Marketing International, a leading specialist in the marketing services industry, renewed its credit facility with Accord Financial.