The IACFB’s Factoring Broker Magazine plays a pivotal role in facilitating this communication through its Lender Showcases. These featured posts, contributed by individual factors and lenders who are IACFB members, go beyond the basics, providing a wealth of information that is invaluable to industry brokering professionals seeking detailed insights.
What are Showcases?
Showcases are specialized featured posts in the IACFB’s Factoring Broker Magazine that offer a deeper dive into the offerings and details provided by individual factors or lenders. This platform serves as a dynamic space for industry players to showcase their unique value propositions, offering much more than the standard directory listing.
Key Elements of Lender Showcases:
- While the directory provides a simple “Yes or no” regarding referral fees or commissions, Lender Showcases are where the details come to life
- Factors and lenders can use the Showcase to specify commission percentages, providing transparency for brokers and consultants.
Broker’s Agreement Downloads and BDOs:
- Lender Showcases act as a hub for essential resources. Brokers can easily access and download broker’s agreements, streamlining the process of partnership initiation
- Personalization is crucial in the finance industry. Lender Showcases allow factors and lenders to introduce their Business Development Officers (BDOs), giving brokers a direct point of contact for collaboration.
Contests and Bonus Commission Programs:
- To incentivize and reward broker partnerships, factors and lenders can use the Spotlight Showcase to announce and detail contests and bonus commission programs.
- This creates an engaging and dynamic environment for existing industry professionals as well as attracting new from the readers at the magazine.