Accord Financial Acquires Portfolio of Loans from Brome Capital

About this update from Accord Financial Corp.

[{"type":"text","content":"\n\n\nTORONTO, Oct. 11, 2013 /CNW/ - Accord Financial Corp. (TSX: ACD)\n announced today that it has acquired a portfolio of factoring and\n asset-based loans from Brome Capital through its subsidiary, Accord\n Financial Inc. (AFI).  After taking into account the acquisition,\n Accord's portfolio of loans currently exceeds $120 million.\n\n\nFred Moss, President of AFI, stated: \"The acquisition of this portfolio\n of loans reinforces our leadership position as a provider of factoring\n and asset-based lending to the Quebec market.  The profile and quality\n of the acquired assets fits perfectly into our current portfolio.\"\n\n\nAbout Accord Financial Corp.\nAccord is a leading North American provider of factoring and other\n asset-based financial services, including financing, credit\n investigation and guarantees, collection services, and supply chain\n financing for importers. Accord has been in business for over 35 years\n and operates out of two offices in Canada and one in the USA. The\n Company is currently the only factoring and asset-based lending company\n listed on the Toronto Stock Exchange. For further information please\n visit www.accordfinancial.com or contact:\n\n\nSOURCE Accord Financial Corp.\n\n\n\n Stuart Adair Vice President, Chief Financial Officer Accord Financial Corp. 77 Bloor Street West, Suite 1803 Toronto, Ontario M5S 1M2 (416) 961-0304 Ext. 207 [email protected] Copyright CNW Group 2013","length":2167,"tagName":"div"}]

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