Accord Financial Corp., a leading North American provider of asset-based financial services to businesses, including factoring, financing, credit investigation and guarantees, has announced that its wholly owned subsidiary Montcap Financial Corp. has signed a new agreement with Scotiabank to provide limited recourse receivable financing for Scotiabank commercial customers.
This agreement is an extension of the existing strategic arrangement that has been in place between Scotiabank and Montcap since 2001 whereby Scotiabank has the opportunity to refer commercial customers in need of additional working capital to Montcap.
