Merchant Cash Advance Availability by State
We work with businesses across the country. A few states have their own rules for brokers, and we tell you where things stand for your state before you send anything.
Texas, Virginia, Missouri, and Connecticut have their own rules for brokers. Call 877-FUND-654 and we'll tell you straight where things stand for your state.
How we handle your state
A person reads your file and talks with you before it goes anywhere. Please don't email bank statements, account numbers or Social Security numbers; statements go through the secure upload after you apply. We send your file only to third-party funders whose criteria fit.
Which states have their own MCA rules?
Ten states have a page here that covers what an offer in that state has to show. Each page links to the state's own law or regulator, so you can check the source yourself. Our data report on MCA disclosure laws by state shows how many small businesses each law reaches.
State-by-state rules: California, Connecticut, Florida, Georgia, Kansas, Missouri, New York, Texas, Utah, and Virginia.
Texas, Virginia, Missouri and Connecticut also have rules for brokers, and California has passed a broker licensing law, AB 2116, that takes effect later. Our registration status for each is on Licenses and disclosures. We tell you where things stand for your state on the first call, before your file goes to any funder.
What stays the same in every state?
- Applying costs you nothing, and Afterfirst MCA charges you no fee. The funder pays us a commission when a deal funds.
- A person reads your file and talks with you before any funder sees it.
- Your file goes only to funders whose programs cover your state, industry and deal size.
- Every offer shows the cash you receive, the total payback, the payment and the term, and you choose one or none.
- Bank statements go through the secure upload, never by email.
How do you check an offer in any state?
Subtract the cash you receive from the total payback, then divide by the cash you receive to get the cost per dollar. Then turn the payments into an estimated APR with the MCA APR calculator. Where a state requires a cost disclosure, the offer should already show these figures; if a line is missing, ask the funder for it in writing. Compare offers line by line lists every line to check.