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​Accord Financial Provides $40MM Equipment Lease Line to Pet Supply Manufacturer

October 11, 2023, 07:40 AM
Filed Under: Manufacturing

Accord Financial closed a $40 million equipment lease line to a leading pet supply manufacturer and distributor. This financing has enabled the company to purchase new mission-critical equipment for its primary manufacturing plant as it expands its production capacity and sales nationally as well as into European and Asian markets.
Demand for high quality pet food continues to grow, as does the demand for equally well-placed funding to support this growth. Due to Accord’s previous experience with this client combined with a well-demonstrated track record in this specialized industry, as well as equipment finance, Accord was invited to agent this transaction bringing in two additional partners and increasing the overall commitment.

“Accord’s strong relationship with the client as well as lending partners ensured the equipment financing was executed skillfully, creatively, and efficiently,” stated Mike Wells, Director, Capital Markets, Equipment Finance. “This provided the company with confidence that its borrowing needs would be met on time.”

For more equipment finance and leasing industry news, visit Equipment Finance Advisor.

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