When making a new client submission for funding, you will always need to execute a Broker’s Agreement. Every factor and lender has its own agreement, and you will need an executed copy prior to submitting the client. If you are submitting a new client lead under the PALs Program, you will need to execute a PAL 50/50 agreement. This is the standard agreement for those operating as IACFB Affiliates after purchasing our Factoring Brokers Training Guide.
The 50/50 agreement can be downloaded in PDF format, and you must submit a copy before beginning to submit leads. The 50 /60 Agreement is ONLY for those non-IACFB members who have purchased a copy of our Factoring 101 Training Guide. Those individuals who have become IACFB members and set up active PAL websites will execute a slightly different agreement that reflects the higher commission rates for PAL Associates and Pro-PALs.