Summit Financial Resources announced that James Baugh achieved the new Certified Factoring Account Executive (CFAE) designation, created and administered by the International Factoring Association. Baugh is the first individual in the state of Utah and among the first nationwide to achieve the new designation.

Bert Goldberg, president of the IFA, commented on Baugh’s achievement: “Earning this distinguished and renowned title is something that James can be proud of and signifies to everyone that he is well-informed and operates with integrity, fair dealing and standardized best practices.”

The IFA sponsors the world’s only certification program for receivable based finance companies. Individuals who achieve the designation of CFAE have proven to possess the knowledge and skills required to operate effectively in factoring and asset-based lending relationships.