Academy Training

Articles of interest for magazine subscribers for the broker training campus of the International Association of Commercial Finance Brokers.

Academy Training

When Invoices Aren’t Invoices

Robert McMahon Comments Off on When Invoices Aren’t Invoices

As all industry consultants know, factors finance the businesses of their clients by purchasing invoices.  They do not provide traditional business loans as offered by commercial banks.  Factors simply buy invoices from their clients which […]

Factoring Broker Using the Uniform Commercial Code
Academy Training

The Uniform Commercial Code: What Every Broker Should Know

Robert McMahon Comments Off on The Uniform Commercial Code: What Every Broker Should Know

Although the factor’s purchase of the invoices through payment and assignment provides rights to collection, there exists another problem.  What is to prevent a business owner from securing a loan from a bank or traditional […]