Factoring 303
Welcome to Factoring 303 Continuing
Education at the Academy
Welcome to Factoring 303 Continuing Education at IACFB Academy
Factoring 303 provides the necessary knowledge to develop your capabilities as a true consultant. Additionally, if you have entered our industry with a true full-time career in mind, one of the most lucrative goals you can set from day one is to build your business as an “AGENCY.” Like so many popular multi-level business models that take advantage of “downlines,” structuring your consultancy as an agency rather than a simple “owner-operated one-man shop” means you will work to enlist hundreds of individuals that, through their normal everyday channels, can send significant business your way. Simply put, your “AGENTS” are sponsored by and trained by you, using IACFB’s Boot Camp to recognize financing opportunities regarding business owners and send them your way. They are “REFERRERS”. And for their referral, you pay or share your commissions.
Asset-Backed Lending Related
Cash flow Lending is a type of unsecured loan that is used by businesses for day-to-day operations. Generally, the loan is used to finance working capital, such as payments for payroll, rent, inventory, and so on, and is paid back by your business’s incoming cash flows. (Click Here)
Microloans are small ($50,000 or less) short-term loans with a relatively low-interest rate. Microloans are often provided to self-employed individuals, new startups with very low capital requirements. (Click Here)
Import and Export Trade
Documentary collection is a form of trade finance in which an exporter is paid for its goods by an importer after the two parties’ banks exchange the required documents. The exporter’s bank collects funds from the importer’s bank in exchange for documents releasing title to the shipped merchandise, usually after the goods arrive at the importer’s location.
One of the most efficient methods of insuring timely payment on international orders.
7 Products in Your Universe
When talking about the secured finance universe, you will be discussing business financing that includes seven major financing types:
- asset-based lending (ABL)
- factoring
- supply chain finance (reverse factoring)
- equipment finance and leasing
- leveraged lending
- cash flow lending
- asset-backed securitization.
To some degree, each of these financing types involves one form or another of a secured interest in the business owner’s assets or business equity. These financing transactions, in some form or another, are said to “perfect” a security interest (a lien) on assets.
Direct Link to Academy
Orientation
Direct Link to Factoring 101
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