The IACFB Academy (from the International Association of Commercial Finance Brokers) is a highly regarded, low-cost online training platform specifically tailored for aspiring factoring brokers and commercial finance consultants. It’s designed to help you build a career (part-time or full-time) in the alternative finance industry, focusing on invoice factoring, asset-based lending, purchase order financing, and more. Unlike some higher-priced programs, IACFB emphasizes affordability, self-paced learning, and practical tools to get you earning residual commissions quickly.Key Features:
- Curriculum Structure: Divided into progressive courses like Factoring 101 (basics of commercial factoring), 202 (advanced products and solutions), 303 (consulting techniques), and 404 (business development). It covers everything from product education and cash flow solutions to marketing, lead generation, and regulatory compliance.
- Training Format: Mix of online videos, e-learning modules, and supplemental materials. They offer a 30-day complimentary “Guest Program” for initial access, then tiered memberships for full content.
- Additional Perks:
- Access to a network of factoring companies, mentors, and other brokers for deal referrals and collaboration.
- CRM tools, sample commission reports, and marketing resources (e.g., scripts, lead gen strategies).
- Optional professional website setup (via DataMax) at a discount for members.
- Certification program that boosts credibility and unlocks marketing benefits.
- Cost: Starts at around $59.95 for entry-level access (tied to their guide—more below), with full memberships under $200/year. It’s positioned as “college-level” training without the high fees (past live versions were $5,000+).
- Who It’s For: Ideal for beginners or those transitioning from sponsored agent roles to freelance brokering. It’s great if you want a hybrid of education and ongoing support without needing live coaching.
- Reviews/Reputation: 5-star rated on their site and Amazon for materials; over 800 copies of their core guide sold. Users praise its practicality for home-based setups and residual income potential.
Website: iacfb.academy. If you’re testing the waters, start with the free 30-day guest access.Factoring 101 Broker’s Guide on AmazonThis is the flagship resource from IACFB—a 5-star rated, 200+ page paperback training manual titled The Factoring Consultant’s Factoring Training Guide (commonly referred to as the Factoring 101 Broker’s Guide). It’s not just a book; it’s a complete startup bundle for new brokers, blending education with actionable tools to launch your business.What’s Inside:
- Section 1: Deep dive into factoring mechanics (e.g., recourse vs. non-recourse, invoice submission, underwriting) and related products like merchant cash advances and export finance.
- Section 2: Marketing and sales focus—lead generation, cold calling scripts, networking tips, and transitioning from part-time referrer to full-time consultant.
- Bonuses: Includes a PDF version, access to sample contracts, factor directories, and free 12-month subscription to IACFB Academy online courses (Factoring 101–303). Also comes with their monthly Factoring Broker Magazine for ongoing industry updates.
- Format Options: Paperback (shipped via Amazon with free FedEx Ground in the US) or digital PDF. No PO Box shipping for print.
Cost and Availability:
- Price: $59.95 (print or PDF)—one of the most affordable entry points in the industry.
- Where to Buy: Directly on Amazon (search “Factoring 101 Broker’s Guide IACFB” or “The Factoring Consultant’s Factoring Training Guide”). It’s in stock and ships quickly.
Who It’s For:Perfect as a standalone starter if you prefer self-study over video courses, or as a companion to the Academy. Many users report recouping the cost on their first deal through the included tools and network access. It’s especially suited for “mobile creatives” or home-based entrepreneurs, as it supports low-overhead setups (e.g., just a domain, business cards, and this guide to get going).How It Fits with Other OptionsCompared to programs like Freight Broker Planet ($1k+) or Broker Carrier One (more sales-focused), IACFB is more budget-friendly and broad (covers beyond trucking), with strong emphasis on certification and residuals. If you’re trucking-specific, stick with the ones I mentioned before; otherwise, this is a solid, no-frills alternative. Start here if under $60 is your budget—it’s essentially “Factoring 101” in book form.