The Commercial Finance Association (CFA) announced today that it is establishing a new European Chapter to support asset based lenders doing business in Europe.

“Cross-border asset-based lending is growing and the new European Chapter will help CFA members cultivate the industry contacts necessary to make these deals happen, particularly in the syndicated ABL space,” said Bob Trojan, Chief Executive Officer of the CFA. “Our members indicated a need for an organization to facilitate European ABL deals and strongly supported the creation of the CFA European Chapter.”

The new London based chapter will have an all-European focus in order to support and develop cross border financing activity and focus on trade finance in the region.  Members of the chapter will provide factoring, invoice discounting and asset based lending services to a wide range of businesses.

With this new chapter, CFA will be able to work closely with other organizations in Europe to set and enforce standards within the industry and better provide education, training and networking opportunities to their members.  CFA will hold their 8th Annual International Lending Conference in London in May.

Leaders of CFA’s new European chapter will be announced in the coming weeks.