Licenses and disclosures

Registrations by state

California. We do not hold a California Financing Law license. We do not place a business line of credit for a California business. Brokering a merchant cash advance does not require that license today. Beginning July 1, 2028, Assembly Bill 2116 requires a license to broker covered commercial financing of $500,000 or less. We will file a complete application before that date. We will post on this page the average and maximum APR of covered California deals we facilitate in each calendar year, calculated under 10 CCR 900, beginning with 2027.

Virginia. Sales-based financing broker registration with the State Corporation Commission: not yet effective. We do not place sales-based financing for a Virginia business until it is.

Connecticut. Commercial financing broker registration with the Department of Banking: not yet effective. We do not place commercial financing for a Connecticut business until it is.

Missouri. Broker registration with the Division of Finance: not yet effective. We do not place commercial financing for a Missouri business until it is.

Texas. Commercial sales-based financing registration with the Office of Consumer Credit Commissioner: application to be filed in October 2026, due by December 31, 2026. We will not place a Texas deal on or after January 1, 2027 unless this registration is effective.

Utah, Florida, Georgia, Kansas, Louisiana, and New York do not require a broker registration for the activity we conduct. Where those states require a disclosure at the time of a specific offer, the funder provides it, and we pass it through unaltered.