Colorado MCA Disclosure Law — HB 23-1229
Colorado enacted HB 23-1229 (effective 2024), requiring standardized disclosures for all commercial financing transactions including MCA. Required disclosures: total amount financed, total repayment amount, APR equivalent, estimated term, payment frequency, and prepayment terms. T.A.G. provides full HB 23-1229 compliant disclosures on all Colorado MCA offers — giving Colorado business owners the information they need to compare financing costs before signing.
MCA Qualification Requirements — Colorado
Colorado Industries T.A.G. Funds
Colorado Cities We Fund
Frequently Asked Questions
- How do I get a merchant cash advance in Colorado?
- Apply online at T.A.G. in under 10 minutes. Submit 3–6 months of Colorado business bank statements. Receive an offer within hours. Sign electronically. Funds arrive in your CO bank account in 24–72 hours. Requirements: 500+ FICO, $10,000+/month revenue, 6+ months in business, active CO business bank account, no open bankruptcy.
- Are merchant cash advances legal in Colorado?
- Yes — MCAs are legal in Colorado. Colorado enacted HB 23-1229 (effective 2024), requiring standardized disclosures for all commercial financing including MCA — total cost, APR equivalent, and repayment terms must be disclosed. MCAs are classified as purchase agreements for future receivables, not loans. T.A.G. is fully HB 23-1229 compliant for all Colorado MCA transactions.
MCA for Colorado Businesses — Economy Overview
Colorado's $480 billion economy is one of the most diversified in the West — aerospace and defense (Lockheed, Raytheon, United Launch Alliance), technology (Zoom, Google Boulder), energy (oil and gas plus growing renewables), cannabis, outdoor recreation, and a world-class restaurant and hospitality market in Denver. Colorado HB 23-1229 Commercial Finance Disclosure Act is in effect as of January 1, 2024.
How Much Can a Colorado Business Get?
MCA advances are typically 75–150% of your average monthly gross deposits. A Denver restaurant with $68,000/month qualifies for $51,000–$102,000. A Boulder tech firm with $90,000/month qualifies for $67,500–$135,000. A Colorado Springs defense contractor with $95,000/month qualifies for $71,250–$142,500.
- Technology and Aerospace
- $90K/mo → $67,500–$135,000. Denver tech corridor, Lockheed, Raytheon suppliers.
- Restaurants and Hospitality
- $68K/mo → $51,000–$102,000. Denver RiNo, Cherry Creek, ski resort towns.
- Energy
- $95K/mo → $71,250–$142,500. Oil and gas services, renewable energy.
- Healthcare
- $78K/mo → $58,500–$117,000. Denver and Boulder independent practices.
- Construction
- $88K/mo → $66,000–$132,000. Denver metro residential and commercial boom.
- What Colorado businesses qualify for an MCA?
- Restaurants, contractors, retailers, healthcare practices, manufacturers, hospitality companies, and most revenue-generating small businesses qualify. Requirements across all Colorado cities: 500+ personal FICO, $10,000+/month in gross revenue, 6+ months in business, an active CO business bank account, and no open bankruptcy. Denver, Colorado Springs, Aurora, Fort Collins, Lakewood, Thornton, Arvada, Westminster, Pueblo, Boulder — and all Colorado cities — qualify.
- How much can a Colorado business get from an MCA?
- Typically 75–150% of your average monthly gross deposits. A Denver restaurant with $68,000/month qualifies for $51,000–$102,000. A Boulder tech firm with $90,000/month qualifies for $67,500–$135,000. A Colorado Springs defense contractor with $95,000/month qualifies for $71,250–$142,500. The maximum advance is $1,000,000 for high-revenue businesses. Apply at T.A.G. in under 10 minutes — decisions in hours.
- Does Colorado regulate merchant cash advances?
- As of July 2026, Colorado HB 23-1229 Commercial Finance Disclosure Act, effective January 1, 2024 applies. This requires MCA providers to disclose the advance amount, total repayment amount, APR equivalent, payment schedule, and prepayment terms in writing before funding.