Company Overview and News

 
Accord Financial Is A Strong Specialty Lender Well Below Book Value

2018-04-14 seekingalpha
Accord Financial (OTC:ACCFF) [TSX:ACD] is a specialty finance company. They have two primary businesses, making loans and buying receivables (factoring). The company generally lends based on security, but in a somewhat unconventional manner. That means their loans carry higher interest rates than average, but also makes their loans more time consuming to underwrite. It also means their underwriters are paid more like finance professionals and less like the bank branch employees that underwrite prime loans for major banks.
ACCFF ACD

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