IFA Membership is open to qualified banks and finance companies that perform financing or factoring through the purchase of invoices or other types of business-to-business accounts receivable. Membership is based on the number of employees in the member company's factoring division. All members must adhere to the IFA's Code of Ethics
Submitting an IFA membership application does not guarantee membership. Your application will be reviewed by the IFA Membership Committee. Applicants must have factoring clients and proof of factoring must be submitted. Also, due diligence will be performed on all membership applications, including, but not limited to, public record searches, published credit reports, and other available information. The first year membership application fee is non-refundable if membership is not approved.
IFA Ally Membership
IFA Ally Membership is open to companies that deliver a diverse range of products, services, and solutions to factoring companies and contribute to the overall prosperity and advancement of the industry. Companies that qualify for an IFA Ally Membership are non-factors, attorneys, ABL lenders, lender finance firms, PO lenders, inventory lenders, equipment lenders, technology platforms, brokers, other service providers, etc. A list of Ally Member categories can be found here
IFA Preferred Ally Membership
IFA Preferred Ally Members surpass the typical Ally Member by providing discounts or specialized services exclusively for IFA members. Each Preferred Ally Member undergoes a thorough application and screening process, ensuring the organization's integrity before receiving endorsement from the IFA. More information on becoming an IFA Preferred Ally Member can be found here
By authenticating this document, you warrant that you have authority to bind your organization. This agreement will be governed by the laws of the State of California. Any disputes regarding your membership in IFA shall be brought solely in the federal and state courts located in the County of San Luis Obispo, California. You also agree that if there is any litigation regarding your IFA membership, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and costs.
*This application is for credit cards only. If you would like to pay by check please contact the IFA at 805-773-0011 ext 303.