How Afterfirst MCA state availability works, state by state
Owners: check whether files from your state can be placed.
Afterfirst MCA state availability is not the same everywhere. Whether a file from a given state can be placed depends on that state's rules for brokers and disclosures, and on which funders buy there. Availability varies by state, so confirm with us before applying. Nothing on this page is a legal statement.
By the Afterfirst Editorial Team · Updated
How state availability is confirmed
State availability is being confirmed with counsel. Call or email and we will tell you in writing whether we can work with a business in your state before you send anything.
FAQ
Can my state's businesses use the marketplace yet?
It depends on the state. Contact the desk to confirm yours before applying.
Why would a state be accepting with conditions?
A state may require a registration or a specific disclosure before a broker presents an offer. The desk names the condition when it answers for that state.
Does it cost more to apply from a state still under review?
No. Applying asks for no payment, whatever the state. Costs appear only in a funder's offer.
Will a held file get a credit check?
A held file waits until funders in that state can take it. When they do, ask how any credit review works before you sign.
When will a held file be released to funders?
When the desk confirms that state. No date is promised, and the merchant or broker is told when that happens.
Are stacked files from unconfirmed states treated differently?
No. The number of open positions does not change the hold. Every file from an unconfirmed state waits the same way.
Sources
- New York Financial Services Law article 8: New York's commercial financing definitions and disclosure article, the first example under what decides a state's status.
- Texas OCCC, Commercial Sales-Based Financing Provider or Broker: the Texas broker and provider registration page, the second example in that same section.
Send one file.
See what fits.
Call or email the desk with your current advances. Afterfirst MCA is not a lender.