Certification Exams at IACFB
Get Certified as an IACFB Factoring Broker or Commercial Finance Consultant
Getting “certified” as an IACFB factoring broker or commercial finance consultant is important because it can boost your credibility, provide you with valuable resources, help you network, and, specifically in this case, offer the benefit of being listed on Searchable Lenders Directories, which can increase your visibility to potential clients. It’s a way to demonstrate your commitment to professionalism and excellence in the factoring industry.
Taking the IACFB Certification Exams
Becoming certified as an IACFB (International Association of Commercial Finance Brokers) factoring broker can offer several benefits, and one of those benefits is the inclusion of your listing on the Searchable Lenders Directories. Here’s why getting certified as an IACFB factoring broker can be important:
Credibility and Trust: Certification from a reputable organization like IACFB can enhance your credibility and trustworthiness as a factoring broker or commercial finance consultant. It signifies that you have met certain standards and have the necessary knowledge and skills to operate in the industry.
Access to Additional Resources: Certification often provides you with access to valuable Academy resources, including additional training, educational materials, and industry updates. This can help you stay informed about the latest developments in the factoring industry and improve your skills. Additionally, your program “sponsor” may provide you with commission incentives and/or contest bonuses based upon your certification score.
Networking Opportunities: Joining an organization like IACFB can provide you with opportunities to network with other professionals in the field. This can be beneficial for building relationships, sharing knowledge, and potentially finding new business opportunities.
Listing on Lenders Directories: In the context of factoring, being listed on Searchable Lenders Directories can be particularly advantageous. It can help potential clients find you more easily when they are looking for factoring brokers. This exposure can lead to increased business opportunities.
Professional Development: Certification typically involves ongoing professional development requirements. This ensures that you continue to improve your knowledge and skills over time, which is important in a constantly evolving industry like factoring.
Differentiation: Certification can help you stand out in a competitive market. It demonstrates to clients that you are committed to professionalism and excellence in your field, which can be a valuable selling point.
In summary, getting “certified” as an IACFB factoring broker is important because it can boost your credibility, provide you with valuable resources, help you network, and, specifically in this case, offer the benefit of being listed on Searchable Lenders Directories, which can increase your visibility to potential clients. It’s a way to demonstrate your commitment to professionalism and excellence in the factoring industry.
Certification Exam Test Categories
Step One
Factoring 101 Guide Exam
This is the “Factoring Proficiency” Exam for PALs and Magazine Subscribers. It allows you to be “Listed” as Proficient as an IACFB Agent. All questions are taken from the IACFB PDF Training Guide.
- Requires IACFB Magazine Subscription
- 50 Questions
- Multiple Choice and T/F
- 70% Passing Required
- Includes Directories Listing
- Factoring Proficient Designation
Factoring 101 Guide and 101 Online Lessons
This is the “certified” exam for Professional Freelance Factoring Brokers and it allows you to be “listed” as a Certified Freelance Factoring Broker at IACFB. All questions are taken from the IACFB PDF Training Guide abd the Online Courses in Factoring 101..
- 125 Questions
- Multiple Choice
- 70% Passing Required
- Factoring Certified Designation
Factoring 101 Continuing Education Lessons
This is the “certified” exam for Professional Freelance Commercial finance Consultants and it allows you to be “listed” as a Certified Commercial Finance Consultant at IACFB. All questions are taken from the IACFB Factoring 303 Coarse and the Factoring 202 section on Agency Training.
- Pre-requisite Factoring 101 Broker Exam
- Additional 200 Questions
- Multiple Choice
- 70% Passing Required
- Certified Consultant Designation
Factoring 404 Course
Financial Calculator
is Required
This is the “Factoring Proficiency” Exam for Discount Notes and Cash Flow Brokers. This exam requires a financial calculator.
- 125 Questions
- Multiple Choice and T/F
- 70% Passing Required