Lenders Funding Named a Preferred Ally Member by the International Factoring Association
San Luis Obispo, CA, January 23, 2024 – The International Factoring Association (IFA) added Lenders Funding, LLC, to their Preferred Ally Membership Program. Lenders Funding is a private funding and risk-sharing source for factors and asset-based lenders. It purchases participations in their client’s transactions on a recourse or non-recourse basis or provides working capital to them under a variety of flexible programs including warehouse lines. Each transaction is specifically designed to fit the client’s needs. For example, Lenders Funding has over a dozen different participation agreement templates, recognizing that each transaction is different and each client is unique. Lenders Funding never locks clients into long-term commitments.
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. 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 an endorsement from the IFA.
“We are pleased to welcome Lenders Funding to our Preferred Ally Membership Program and look forward to their continued contributions to our members and the industry,” said Tania Daniel, Executive Director of the International Factoring Association. “Bob Zadek, founder and Managing Member of Lenders Funding and Chief Operating Officer John Benkovich have been active in the factoring industry for more than three decades and are staunch supporters of the IFA. Their financing products will help to support our members’ capital needs and achieve their portfolio growth strategies.”
For more information about the IFA’s Preferred Ally Membership Program and to view a listing of members, please visit www.factoring.org/allymembers.
About the International Factoring Association
Incorporating a vast network of more than 425 corporate members, the International Factoring Association (IFA) proudly stands as the global leader among associations for commercial finance enterprises. Our esteemed membership encompasses a diverse range of industry players, including independent factoring firms, bank owned factors, and other prominent receivables finance organizations.
IFA's core mission is to empower the factoring community with cutting-edge resources, advanced training, substantial procurement advantages, and a centralized hub of knowledge and support. Since our establishment in 1999, the International Factoring Association has consistently served as a dynamic platform for member organizations to convene, deliberate on pertinent issues, exchange best practices, disseminate vital information, and advocate for a unified voice within the marketplace. For more information, visit www.factoring.org
Media Contact: Terri Baker (805) 773-0011 Ext. 303