Founded in 1944, the Commercial Finance Association (CFA) is an international trade association for the asset-based lending and factoring industries. With almost 300 member companies, this association encourages the exchange of ideas and information about these types of financing and provides educational opportunities for its members. The organization strives to improve legal and operational procedures for the profession and provide information to the public about the role and importance of the asset-based lending and factoring industries to the credit structure of their countries.
Members range from large international banks to independent entrepreneurial finance firms. About a quarter of the member organizations are banks, with the rest classified as non-bank financial institutions. CFA offers its membership updates on breaking asset-based financial services industry news through a three-times-a-week email newsletter as well as a monthly magazine. The organization’s website is another valuable resource.
The CFA has 15 chapters in North America and one chapter in Europe that hold regular meetings and educational forums. The trade organization also holds an annual convention and other educational events, such as the International Lending Conference, the Asset-Based Capital Conference, the Factoring and Trade Finance World meeting, and the Independent Finance and Factoring Roundtable. In 2012, the CFA and the National Funding Association (NFA), which was established in 1991, joined together under the Commercial Finance Association name.