Welcome

The International Factoring Association's (IFA) goal is to assist the Factoring community by providing information, training, purchasing power and a resource for the Factoring community.

Board Members

Advisory Board The IFA Advisory Board members serve a two-year term and assist the IFA in broadening the public understanding of the uses and benefits of factoring and help to both design training programs and foster new ideas to benefit its member organizations.

Chris Abel - iThrive Funding, LLC - Roy, UT
Chris has spent his entire 17 year career in the factoring and banking industry. He is a co-founder of iThrive Funding where he has been for the past 4 years. At iThrive, Chris is actively involved in the daily operations management, underwriting, and accounting of the company. Prior to iThrive he held a variety of positions ranging from Operations to Risk Management and Underwriting. Chris spent 4 years with Transfac Capital in Salt Lake City, Utah as an Underwriter and also assisted in many aspects of Portfolio Management for the companies factoring portfolio. Chris also spent 9 years with TAB Bank in Ogden, Utah holding positions as an Account Executive, Portfolio Manager, Underwriter, and most recently VP of Loan Underwriting. In this capacity, he managed a team of underwriters and analysts who underwrote Factoring, Asset Based Lines of Credit, and Equipment Term Loan requests. Through these various positions, Chris has been responsible for the development and implementation of credit and operational policies and procedures. Chris is married with two daughters. In his spare time, he enjoys mountain biking and snowboarding in Utah’s mountains. Chris has a B.S. in Accounting from Weber State University in Ogden, Utah.

John Cummings - Advance Capital Solutions, LLC - Upland, CA
John began his career in factoring in 1983 working for an independent factoring company in Southern California. He worked his way from collections and data entry to managing the office including operations, sales and marketing. In 2009 he co-founded a niche based transportation factoring company and in 2014 started Advance Capital Solutions LLC doing business as ACS Factors. Based in Upland, CA, ACS provides factoring services to small business enterprises and transportation companies as well. Our target market is Southern California, yet we have clients from coast-to-coast. ACS Factors works closely with their clients to gain access to the cash flow they need to help run their businesses and achieve maximum results for their efforts. ACS is a family business with his daughter, Briana Hokanson the company’s Chief Operations Officer. Mr. Cummings has a BS in Business Administration with an emphasis in Marketing from California State Polytechnic, Pomona. He enjoys playing soccer, golf, hiking with his 2 German Shepherds and traveling with his wife of over 36 years.

Tania Danial - ENGS Commercial Capital - Birmingham, AL
Tania is the Managing Director of Engs Commercial Capital. Ms. Daniel has spent her career partnering with businesses to meet their working capital needs by providing cash flow solutions such as invoice factoring and other forms of asset based lending. Ms. Daniel brings 17 years’ experience in the Factoring space with Porter Capital Corp. and LSQ Funding Group, where she held various roles of increasing responsibility, and where she was instrumental in helping create Factoring platforms and growing them into market leaders. Ms. Daniel and the ENGS Factoring business are headquartered in Birmingham, Alabama.

Kee Kim – Finance One, Inc. - Los Angeles, CA
Kee is president & CEO of Finance One, Inc., a factoring company that he founded in 1998 in Los Angeles, California.  Providing comprehensive account-receivable-management-services, Finance One maintains three offices: Los Angeles and New York in the United States and Shanghai in China.  Its factoring volume was $700 million in 2014.  Finance One has been a member of the International Factoring Association since 1998 and Commercial Finance Association since 2005. Prior to Finance One, Kee held various positions in credit, business development and management in commercial banks in New York and Los Angeles for 15 years.  Born in South Korea in 1959, he came to America in 1976 at the age of 16.  He is a graduate of Princeton University with a Bachelor of Arts degree in economics.  He is married with four children -- three sons and a step-daughter – all of whom are away from home for school or work.  His current household members include his wife, Mia, and two Yorkshire Terriers.  He enjoys food, ballroom dance, travel, and golf.

Paul Schuldiner - Rosenthal & Rosenthal - New York, NY
Paul is Senior Vice President at Rosenthal & Rosenthal, a commercial finance company specializing in factoring and asset based lending. Paul leads the firm’s newest division, Rosenthal Trade Capital, and is responsible for driving the overall business strategy for Rosenthal’s purchase order financing and alternative inventory financing solutions. He is a seasoned financial executive with over 20 years of experience in the purchase order and trade finance business and has previously held senior leadership roles at King Trade Capital, Wells Fargo Capital Finance and as a principal of Transcap Associates. In addition, to purchase order financing, Paul started his career in the asset-based lending division of a NYC based finance company and practiced as CPA. Paul has been featured in Women’s Wear Daily, Entrepreneur, TIME, Forbes and Bobbin Magazine and has authored articles for The Commercial Factor, The Secured Lender and ABF Journal. He is currently the President of the IFA’s Northeast Chapter, the Chair of the New Jersey State Society of CPA’s Cooperation with Bankers committee, and on the Board of Directors of the New Jersey Chapter of the Commercial Finance Association and the New Jersey Chapter of the Turnaround Management Association. Paul received his Bachelor’s degree in Accounting from Queens College, City University of New York.

Nel Somarriba - New Century Financial - The Woodlands, TX
Nel is the President of New Century Financial in The Woodlands, Texas. New Century Financial was founded in 1985 as a commercial finance company that specialized in factoring. Nel joined in 2004 and has been instrumental in leading the company, increasing revenues through online advertising and consolidating process and procedures. She moved to the United States from Nicaragua with full merit and academic scholarships from the Organization of American States and Walmart for both her MBA in Finance from La Salle University in Philadelphia, PA and BS in Marketing and International Business from Harding University in Arkansas. She began her career with United Airlines (Continental) in marketing and sales and subsequently joined Citigroup to pursue her finance career. Nel moved to Texas in 2004 after living in the Northeast for five years and joined NCF. Her varied experience is invaluable in managing and improving the day-to-day operations as well as facilitating the growth of the organization.

Gerry Wawzonek - Capital Now - Calgary, AB, CANADA
Gerry was raised in Ontario and subsequently pursued his education at the University of Guelph, earning a Bachelor of Arts Degree. He expanded his knowledge and expertise with fifteen years of experience in the mortgage business as a registered mortgage broker with Axcess Capital Partners, HSBC, and CIBC. Gerry found his entrepreneurial spirit by founding, operating and owning several successful businesses. Through his experience, he has focused on understanding the day-to-day struggles of business owners like himself, in particular, the need of access to capital. Gerry founded Capital Now in 2008 with a striving principle of helping his peers gain the resources to grow their businesses by understanding their precise needs. Gerry as intimately been involved in all aspects of factoring, rounding out his extensive knowledge in the field. He participated in underwriting, funding, administration, collections and investor relations. Subsequently, Gerry was certified as a “Factoring Account Executive” by the prestigious International Factoring Association in 2015. Gerry also flourished in evolving operations, developing best practices, implementing industry-specific software, and automating banking software thus allowing Capital Now to grow, and as of 2018, Capital Now has launched its US division.

Kevin Wood – Chesapeake Bank - Cash Flow Division - Gloucester, VA
Kevin serves as Managing Director and Senior Vice President of Chesapeake Bank’s Cash Flow Division offering factoring and Asset Based Lending to clients with sales up to $50 million and located in Gloucester, VA. Kevin graduated from Virginia Tech with a degree in Finance and has a graduate degree in Banking from Louisiana State University. Starting his career in accounting out of college and moving to corporate sales with a large national company, he combined both skill sets to move into the Commercial Finance industry in 1997. Working in sales and underwriting with Chesapeake Bank, he took over managing the division in 2012 as Managing Director. Married for 24 years and the father of three children, Kevin is active in his church, local non-profits and community sports.