|AMERICAN FACTORING ASSOCIATION|
The American Factoring Association (AFA) was founded in 2009 with the sole purpose of educating the public and policymakers on the availability of working capital for financing America's small businesses and to conduct efforts in support of increasing working capital financing. It is a non-profit 501 (c) 6 corporation.
Membership: The AFA allows for three classes of membership:
Active Members: Individuals, firms or corporations regularly engaged in the business of factoring in the United States and committed to the purposes of the Association are eligible for active membership. A firm or corporate member shall designate a representative to attend meetings of the members and the representative shall be entitled to cast the vote of the member including the giving of consents and waiving of notice.
Associate Members: Other individuals, firms or corporations who have an interest in the business of factoring and are committed to the purposes of the Association are eligible for membership. Associate members are not entitled to vote.
Allied Members: Other individuals, firms or corporations who are committed to the purposes of the Association are eligible for membership. Allied members are not entitled to vote.
|HOW TO HELP|
Donate Money – Lobbying will be required to affect legislation, and it is not inexpensive. We need your help. You can donate online by clicking on the above donate link.
Donate Time – We will need a concerted effort to educate the lawmakers on the Factoring industry. We would like to present a unified message to the lawmakers and are working on how that message should be delivered. If you have any ties to lawmakers, we will be soliciting you for your help. Please let us know who you know and how you know them.
Stay informed – Visit the News and Links pages to stay informed.
Give us Your Ideas – If you have any ideas or suggestion for the AFA, please use the website to “Submit Your Idea” to us.
The AFA is compiling a survey of the economic impact that factors have on the U.S. economy. The results will be broken out by state, county, city and zip code. General survey information is contained by clicking here.
Various software vendors have created extract programs to facilitate the gathering of data. Note that completely confidential, anonymous and only handled by Kerr & Downs. The data will not have any company names, client names or account debtor names.