Accord Financial, a prominent North American commercial finance company, announced today the establishment of two new strategic funding facilities aimed at bolstering its small business and media financing arms.
The company has successfully secured a total of $100m from two distinct sources to enhance its financing capabilities. In Canada, a $40m private securitization facility was arranged with a Fortune 500, Standard & Poor’s AA-rated life insurance company. Concurrently, in the U.S., BondIt Media Capital, a subsidiary of Accord, has closed a new US$60m credit facility with Keystone National Group, a private credit fund based in Salt Lake City.
Accord Financial specializes in providing a diverse range of financial solutions—from asset-based lending to film/media finance. These solutions are tailored to meet the needs of small and medium-sized businesses across North America, emphasizing flexibility, speed, and client-focused service.
The newly acquired funds are earmarked for several key areas. The Canadian facility will primarily provide term financing for a pool of small business loans, thereby supporting the growth of Accord’s Canadian portfolio. Meanwhile, the U.S. facility will replace and expand an older credit arrangement, giving BondIt additional capacity to scale operations amid the dynamic changes in the film, television, and media industries.
Simon Hitzig, president and CEO of Accord, said, “Attracting $40m of funding from a high-quality finance partner in this economic environment is a testament to Accord’s reputation and underwriting standards.”
Concurrently, Matthew Helderman, CEO and co-founder of BondIt, noted on the U.S. funding, “This larger, more flexible facility will enable us to unlock growth opportunities in the evolving landscape of film, television, and media in a time of unprecedented change. We’ve respected the Keystone team for many years, and we’re thrilled to have them on board for the next phase of growth.”
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