T.A.G. Business Funding provides working capital in all 50 US states. Core requirements are consistent nationally — 500+ FICO for MCA, 6+ months in business, $10K+ monthly gross revenue — but disclosure laws, dominant industries, and optimal loan types vary significantly by state. As of July 2026, nine states require commercial financing disclosure for MCA: California (SB 1235), New York (Part 600 NYCRR), Utah (HB 116), North Carolina (SL 2023-78), Virginia (HB 1027), Georgia (SB 90), Illinois (HB 3765), Washington (SB 5756), and Colorado (HB 23-1229, eff. Jan 2024). Invoice factoring is especially powerful in states with federal contractor, automotive, shipbuilding, or agricultural supply chain communities. Every state guide below covers local industries, recommended funding products, disclosure law status, and key cities. See complete MCA state law guide →
Related Guides and Tools
Commercial Financing Disclosure Law Tracker — 2026
As of July 2026, nine states have enacted commercial financing disclosure laws that apply to merchant cash advances. In all other 41 states, disclosure is voluntary — always request it before signing.
8 States with Active MCA Disclosure Laws (July 2026)
California — SB 1235 (eff. Dec 2022): APR disclosure + DFPI registration required. Applies to transactions under $500K.
New York — Part 600 NYCRR (eff. Aug 2023): APR disclosure + DFS registration + broker compensation disclosure. Applies under $2.5M.
Utah — HB 116 (eff. Jan 2023): Annual cost of capital disclosure required.
North Carolina — SL 2023-78 (eff. Oct 2023): Annual cost disclosure required. Applies to transactions under $500K.
Virginia — HB 1027 (eff. Jan 2024): APR disclosure required. Applies under $2.5M.
Georgia — SB 90 (eff. Jan 2024): Estimated APR disclosure required. Applies under $750K to businesses with under 25 employees.
Illinois — HB 3765 CFDL (eff. Jan 2024): Estimated APR disclosure required. Applies under $500K.
Washington — SB 5756 (eff. Jul 2024): Estimated APR disclosure required.
New Jersey (A2290 — PENDING): Bill under active consideration; not yet enacted.
All other 42 states: No mandatory law. Request voluntary disclosure before signing any MCA agreement.
| State | Disclosure Law | Effective | Notes |
|---|---|---|---|
| California | Yes — SB 1235 | Dec 2022 | APR disclosure + DFPI registration; transactions under $500K |
| New York | Yes — Part 600 NYCRR | Aug 2023 | APR + DFS registration + broker compensation; under $2.5M |
| Utah | Yes — HB 116 | Jan 2023 | Annual cost of capital disclosure; transactions under $1M |
| North Carolina | Yes — SL 2023-78 | Oct 2023 | Annual cost disclosure; transactions under $500K |
| Virginia | Yes — HB 1027 | Jan 2024 | APR disclosure; transactions under $2.5M |
| Georgia | Yes — SB 90 | Jan 2024 | Estimated APR; under $750K to businesses under 25 employees |
| Illinois | Yes — HB 3765 CFDL | Jan 2024 | Estimated APR disclosure; transactions under $500K |
| Washington | Yes — SB 5756 | Jul 2024 | Estimated APR and total repayment disclosure required |
| New Jersey | Pending — A2290 | TBD | Bill under active consideration in legislature as of 2026 |
| All other 42 states | No law | — | Voluntary disclosure; always request before signing |
Best State Pages for Specific Funding Needs
- Virginia — #1 US gov't contracting market; Booz Allen, SAIC, Leidos, CACI
- Maryland — NIH, FDA, NSA, Ft. Meade; I-270 biotech
- Alabama — NASA Marshall, Redstone Arsenal, Missile Defense Agency
- New Mexico — LANL, Sandia National Labs, Kirtland AFB
- Connecticut — Pratt & Whitney, Sikorsky, Electric Boat Groton
- Rhode Island — Electric Boat Quonset Point, Naval Undersea Warfare Center
- Michigan — GM, Ford, Stellantis; world's densest auto supply base
- Ohio — Honda Marysville, Honda East Liberty, GM, Ford suppliers
- Indiana — Subaru Lafayette, Toyota Princeton, Stellantis Kokomo, Honda Greensburg
- South Carolina — BMW Spartanburg, Volvo Berkeley County, Boeing 787 North Charleston
- Alabama — Mercedes Tuscaloosa, Hyundai Montgomery, Honda Lincoln
- Tennessee — Volkswagen Chattanooga, GM Spring Hill, Nissan Smyrna
- Nevada — Las Vegas top-5 US MCA market; 42M visitors, 24/7 commerce
- Florida — Miami finance, South Beach, theme parks, 140M annual visitors
- New York — NYC highest per-capita small business density in the US
- California — LA, San Francisco, San Diego — world's 5th largest economy
- Texas — Houston, Dallas, Austin — fastest-growing US state economy
- Hawaii — Tourism-driven 10M+ annual visitors; high daily gross receipts
- Arkansas — Walmart world HQ Bentonville; 1,000+ major vendor offices on site
- Texas — HB 700 disclosure law (eff. Sep 2025); enormous business economy
- Florida — HB 1353 disclosure law (≤$500K); no income tax; high tourism MCA volume
- Tennessee — No disclosure law; no income tax; Nashville growth
- Ohio — No disclosure law; Columbus, Cleveland, Cincinnati
- Arizona — No disclosure law; Phoenix fast-growing tech economy
- Nevada — No disclosure law; Las Vegas top-5 US MCA market
- Florida — Dec–Mar winter peak; hospitality, retail, theme parks
- Hawaii — Dec–Mar + Jun–Aug peaks; tourism and activity operators
- Louisiana — Jan–Mar Mardi Gras peak; Jazz Fest; seafood season
- Vermont — Dec–Mar ski peak + Sep–Oct foliage peak
- Alaska — May–Sep cruise and fishing season; massive seasonal revenue
- Oregon — Willamette Valley wine harvest financing (fall)
Highest GDP per capita region in the US. Defense manufacturing (Bath Iron Works, BAE Systems, Electric Boat), world's #1 biotech cluster (Boston/Cambridge Kendall Square), Ivy League research commercialization, Hartford insurance capital, Stamford hedge funds, Portsmouth Naval Shipyard, and ski resort economies. New York and New Jersey have disclosure laws; all other Northeast states do not.
→ Full Northeast Business Loan Regional GuideThe most business-friendly regulatory region in the US. No income tax in FL, TX, TN. Auto manufacturing corridor (AL, SC, TN, MS, KY). NASA and defense in AL and TX. World's largest bourbon supply in KY. Port of South Louisiana is the largest western hemisphere port by tonnage. Gulf Coast energy (TX, LA, OK). MCA disclosure laws active in Florida (HB 1353), Texas (HB 700), Georgia (SB 90), North Carolina (SL 2023-78), and Virginia (HB 1027) — all other Southern states have no disclosure law.
→ Full South Business Loan Regional GuideAmerica's agricultural and manufacturing heartland. Automotive supply chain (Detroit, Indiana corridor), Fortune 500 corporate vendor ecosystems (Target, Best Buy, 3M, UnitedHealth Group in MN — highest per-capita Fortune 500 concentration in the US), Wichita aviation (Spirit AeroSystems, Cessna, Beechcraft — more general aviation aircraft built here than anywhere on earth), Kansas City 2nd-largest US rail hub, Chicago financial markets. Illinois (HB 3765 CFDL, eff. Jan 2024), Kansas (SB 345, eff. Jul 2024), and Missouri (SB 1359, eff. Feb 2025) have active MCA disclosure laws — all other Midwestern states have no disclosure requirement.
→ Full Midwest Business Loan Regional GuideSilicon Valley and the Pacific tech megaplex (Amazon, Microsoft, Apple, Google, Meta), Hollywood entertainment, Prudhoe Bay and Cook Inlet Alaskan oil, Wyoming Powder River Basin coal (#1 US coal state), New Mexico national labs (LANL, Sandia), Colorado aerospace (Lockheed, Raytheon), ski resort economies (UT, CO, ID, MT, WY), and some of the fastest-growing metros in the US (Phoenix, Denver, Boise, Las Vegas, Salt Lake City). California (SB 1235), Utah (HB 116), Colorado (HB 23-1229), and Washington (SB 5756) have active MCA disclosure laws — all other Western states do not.
→ Full West Business Loan Regional GuideApply Now — Any State, Any Industry
$15K–$2M. 500+ FICO. 24–48 hour decisions. All 50 US states served.
Start Your ApplicationFrequently Asked Questions
- Which states have commercial financing disclosure laws for MCA?
- As of July 2026, nine states have enacted commercial financing disclosure laws that apply to merchant cash advances: California (SB 1235, eff. Dec 2022), New York (Part 600 NYCRR, eff. Aug 2023), Utah (HB 116, eff. Jan 2023), North Carolina (SL 2023-78, eff. Oct 2023), Virginia (HB 1027, eff. Jan 2024), Georgia (SB 90, eff. Jan 2024), Illinois (HB 3765 CFDL, eff. Jan 2024), Washington (SB 5756, eff. Jul 2024), and Colorado (HB 23-1229, eff. Jan 2024). New Jersey (A2290) has pending legislation. All other 41 states have no mandatory law — always request voluntary disclosure before signing. See the complete MCA state law guide.
- Are business loan requirements different by state?
- Core underwriting is consistent nationally — 500+ FICO for MCA, 600+ for term loans, 6+ months in business, $10K+ monthly gross revenue. State law differences affect disclosure requirements (CA, NY, UT, NC, VA, GA, IL, WA, CO — 9 states as of July 2026) and can affect usury treatment for certain loan types, but MCA and invoice factoring underwriting criteria are fundamentally the same in all 50 states.
- Which states are best for invoice factoring?
- States with large federal contractor communities (VA, MD, AL, NM, CT, RI), automotive supply chains (MI, OH, IN, SC, AL, TN), major shipbuilding (MS, CT, RI, ME), agricultural buyers (IA, NE, KS, AR/Walmart), and large healthcare systems. Any business with outstanding invoices from creditworthy customers — anywhere in the US — can access invoice factoring regardless of state.
- What is the fastest business loan type in any state?
- Merchant cash advances (24–48 hrs, 500+ FICO, 6+ months, $10K+ monthly revenue) and invoice factoring (24–48 hrs, no minimum FICO — based on debtor creditworthiness). Both fund nationwide same week from application. SBA 7(a) loans take 30–90 days. Traditional bank term loans typically take 2–6 weeks minimum.