Commercial Finance Association (CFA): Supporting Asset-Based Lending and Factoring

The Commercial Finance Association (CFA), now known as the Secured Finance Network (SFNet), is a leading trade association dedicated to the asset-based lending and factoring industries. For over 75 years, the organization has served as a vital resource for professionals involved in providing financing secured by a company’s assets, such as accounts receivable, inventory, and equipment.

The SFNet’s core mission is to promote the growth and best practices of secured lending and factoring through education, advocacy, and networking. It provides its members with access to a wealth of information, including industry trends, legal and regulatory updates, and market research. This knowledge empowers professionals to make informed decisions and navigate the complexities of the financial landscape.

Education plays a crucial role in the SFNet’s activities. The organization offers a wide range of educational programs, from introductory courses to advanced certifications, designed to enhance the skills and knowledge of individuals at all stages of their careers. These programs cover topics such as credit analysis, collateral valuation, legal documentation, and risk management. By fostering professional development, the SFNet contributes to the overall competence and integrity of the industry.

Beyond education, the SFNet actively advocates for the interests of its members before legislative and regulatory bodies. It monitors proposed legislation and regulations that could impact the secured lending and factoring industries, and it works to ensure that these policies are fair and conducive to business growth. The organization’s advocacy efforts help to create a stable and predictable environment for secured financing.

Networking is another key benefit of SFNet membership. The association hosts numerous events throughout the year, providing opportunities for professionals to connect with peers, build relationships, and share best practices. These events range from regional meetings to national conferences, and they attract a diverse group of attendees, including lenders, factors, attorneys, accountants, and other service providers.

The SFNet’s membership comprises a broad spectrum of firms, including banks, finance companies, independent lenders, and factors. These members play a critical role in supporting businesses of all sizes, particularly those that may not qualify for traditional bank financing. Asset-based lending and factoring provide these companies with access to the capital they need to grow, expand, and create jobs.

In summary, the Secured Finance Network (SFNet), formerly the Commercial Finance Association (CFA), is an indispensable resource for professionals in the asset-based lending and factoring industries. Through its commitment to education, advocacy, and networking, the SFNet helps to promote the growth, stability, and integrity of secured finance, ultimately contributing to the health and vitality of the economy.