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The Commercial Finance Association's 59th annual convention had the highest attendance ever. The mood was upbeat and the spirits were high. Part of the attitude could be attributed to the possible turning of the economy. As always, the people at the CFA did a great job and the convention was well planned and executed. In speaking with Bruce Jones, Executive Director of CFA, he had the following comments about entrepreneurial finance and factoring companies "CFA's members include many diverse organizations - from small entrepreneurial organizations to large bank & non-bank organizations, with the mix being about 50/50. CFA is not an association for just large organizations, but representative of the asset-based finance and factoring industry as a whole and sensitive to the needs of all size categories of members. The fastest growing segment over the past several years has been the entrepreneurial companies. CFA provides many services for this segment: educational programs, such as, Field Examinations, Loan Documentation, etc. CFA also conducts an annual 2-day entrepreneurial finance and factoring seminar that is dedicated to the issues and needs of this type of financial entities. The Association's Entrepreneurial Finance and Factoring Committee conducts a seminar at each annual convention." "We have 16 chapters throughout the country and one in Canada with over 3000 member employees involved. Chapters provide great networking opportunities within the local environments of each region of the U.S. In essence, we serve all types and sizes of finance companies and many of the non-member companies are probably not aware of exactly how much value we do provide for their companies. That is the message that we would like to send to those companies in our industry who are not members of CFA. Come join us and you will see the inherent value of being a member of the oldest trade association dedicated to the asset-based finance and factoring industry in the country." Some of what the convention offered factors this year was a panel on factoring and trade finance moderated by Jerry Sandak of Rosenthal and Rosenthal, and Allen Frederic of Gulf Coast Bank moderated a panel that focused on the Outlook of Industry Segments that factors should better understand. Both were very informative and worthwhile to attend. Additionally, CFA's Entrepreneurial Finance and Factoring Committee met and a lively discussion was held about the great forum the National Convention held for networking with different types of lenders and also some additional topics that they would like added to the future programs. All in all, it was a superb event and kudos to the staff at the CFA for another great convention this year.
Mr. Zadek's information-packed 2-day course - complete with a full set of superior forms he developed - is designed to help novices and seasoned factoring professionals, attorneys, and accountants build and strengthen their factoring know-how. His unique program devotes considerable time to revenue enhancing techniques and will increase your awareness of the factoring industry's challenges and opportunities. It is not too late to attend. Visit www.lenderspodium.com/factoringServices.
The First Regional Meeting of the IFA will be held in San Francisco on Thursday, November 20th from 6 - 9PM PST at the Silicon Valley Capital Club. The Club will open at 6:00 for appetizers, cocktails and networking. Dinner will begin at 7:00 with Bob Zadek scheduled to begin speaking at 7:30. Topics that Bob will cover that evening will be: * Avoid the most frequently litigated factoring issue. * Design and sell factoring-related financial products. * Avoid the most insidious priority trap in factoring. RSVP to Bert Goldberg at (805) 544-8327 Ex. 12 |