CFA Education

Secured Lender, The, Mar/Apr 2007

New program covering ABL and Factoring Basics

A new course titled "ABL and Factoring Basics for Business Development Officers" will be offered for the first time April 12-13 in Chicago. While specifically designed for entry-level business development officers in entrepreneurial finance and factoring companies, anyone seeking a basic grounding in asset-based lending and factoring can benefit from attending. Topics include Understanding Asset-Based Lending and Factoring, Basic Credit Skills, Due Diligence, Operations and Business Sourcing. The instruction team will include Patrick B. Trammell, president, Southeastern Commercial Finance LLC, Birmingham, AL and R. Gavin Worthy, vice president, Worthy Financial Corp., Dallas, TX.

The Workouts and Bankruptcy Workshop will meet April 23-25 in New York. The Workshop's goal is to provide lenders with the resources to make prudent decisions and to adopt proper procedures in distressed situations. Topics include Consensual Workouts In and Out of Bankruptcy, Adversarial Bankruptcy Proceedings, Dispositions of Collateral, Third-Party Issues, Plan of Reorganization and Financing Opportunities in Bankruptcy/Debtor-In-Possession Financing. It is recommended for account managers, loan officers, new business staff, credit officers and others with a minimum of two years of asset-based lending experience and who regularly deal with problem loans. The instruction team will include WilliamD. Brewer, partner, Winston & Strawn LLP, New York and past campaign chairperson, CFA Education Foundation; and Jonathan N. Helfat, partner, Otterbourg Steindler Houston & Rosen PC, New York, and co-general counsel, Commercial Finance Association.

The Fraud Awareness Workshop is scheduled for June 13-15 in the Atlanta. The Workshop is a three-day program presenting best practices in the prevention and detection of borrower fraud. Through numerous case studies, the Workshop addresses recommended fraud prevention procedures for a variety of ABL disciplines: Account Management, Field Examination, Underwriting, Operations and others. The goal of the program is for participants to understand their roles in mitigating the risk of fraud within their organizations, and to take away specific approaches and techniques in fraud prevention/ detection. The instructors are Mark A. Alimena, certified fraud examiner and director, Marden Harrison & Kreuter, CPA's, PC, White Plains, NY, and Michael A. Boeheim, certified fraud examiner and director, Freed Maxick ABL Services, Inc., Buffalo, NY.

Commercial Finance Association is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org. For information regarding administrative policies such as complaint resolution and cancellation/refund policy, please contact Commercial Finance Association at (212) 594-3490.