Accord Financial Corp. announced the launch of Accord|EDC Trade Expansion Lending Program ("Accord|EDC TELP"), the Company's latest financing innovation supported by Export Development Canada (EDC). Accord|EDC TELP builds on Accord's success in tailoring EDC programs specifically for the Canadian small business sector.

Accord is the first non-bank, or non-credit union, financial institution to partner with EDC in directly financing Canadian SMEs with TELP. Accord|EDC TEL P supports companies engaged all the way along the export supply chain (including companies supporting exporters with goods and services). As fast and flexible as Accord's previous AccordExpress programs, qualified businesses can win a working capital approval for up to $250,000 within two business days, and can also provide financing up to $3 million by adding a modest level of ongoing reporting to Accord.

Accord|EDC TelP offers a unique, flexible revolving facility to finance operations and growth, or term loans to purchase equipment. Accord|EDC TelP is supported by EDC's Trade Expansion Lending Program (TELP); sharing credit risk with EDC allows Accord to offer simpler approvals, supporting a wider range of SMEs based on credit score. Since 2021 Accord has lent $250 million to more than 1,500 Canadian small businesses, supported by EDC's Business Credit Availability Program ("BCAP") Guarantee and Trade Recovery Guarantee ("TRG").

Accord|EDC TELp builds on this success, continuing to finance a diverse cross-section of the Canadian business community. Accord|EDC TELP is aimed at companies selling raw materials, manufactured goods and services outside of Canada (direct exporters), companies supplying goods and services to exporters (indirect exporters), as well as companies with a defined export expansion plan ready for action (future exporters). As an exporting nation, thousands of Canadian companies are involved directly and indirectly in export-related activities.