The American Factoring Association (AFA) is a nonprofit organization founded with the purpose of educating the public and policymakers on the availability of working capital for financing America’s small businesses. The group also conducts efforts in support of increasing working capital financing.
Its members include individuals or firms engaged in the business of factoring in the United States, as well as those who have an interest in factoring or a commitment to the association’s purpose. In 2016, AFA had 50 members, including many of the nation’s largest and longest-tenured factoring companies.
AFA board members and consultants have conducted more than 100 meetings with officials in Congress, the U.S. Treasury Department, the Federal Reserve, the Federal Deposit Insurance Corporation, and other government agencies. Their goals has been to educate others on the value of factoring to the business community and the U.S. economy.