New York MCA Regulations — What NY Business Owners Need to Know
New York Part 600 NYCRR — Commercial Financing Disclosure (Effective January 2024)
New York requires standardized disclosures for all commercial financing offers including MCAs. Required disclosures include: total amount financed, total repayment amount, estimated term, payment amounts and frequency, estimated APR equivalent, and prepayment terms. T.A.G. provides all required New York Part 600 disclosures with every NY MCA offer.
New York Confession of Judgment Ban
New York prohibits confessions of judgment (COJ) against New York residents since 2019. A COJ allowed lenders to obtain a court judgment without notice or a hearing in the event of default — a predatory practice. T.A.G. does not use confessions of judgment in agreements with New York business owners. You are protected by this prohibition.
MCA Qualification Requirements — New York
500+
Personal FICO Score
$10,000+
Monthly Revenue
6 months
Min Time in Business
Active NY
Business Bank Account
No open
Bankruptcy
No COJ
NY Resident Protection
New York Industries T.A.G. Funds
Restaurants and Bars (NYC and Beyond)
Equipment, remodel, payroll, seasonal staffing
Construction and Contractors
Materials bridge, payroll, bonding, job mobilization
Healthcare — Private Practice
Medical equipment, insurance AR gap, expansion
Retail — Brick-and-Mortar and Online
Inventory, peak-season capital, marketing
Transportation and Logistics
Truck acquisition, fuel, dispatch expansion
Professional Services
Working capital, staff expansion, technology
Auto Repair
Equipment, parts inventory, working capital
Wholesale and Distribution
Inventory, receivables bridge, seasonal capital
New York Cities We Fund
New York City
Buffalo
Rochester
Yonkers
Syracuse
Albany
New Rochelle
Mount Vernon
Schenectady
Utica
White Plains
Hempstead
Brooklyn
Queens
Bronx
Staten Island
Long Island
Flushing
Jamaica
Binghamton
Frequently Asked Questions
- Is there a New York law regulating merchant cash advances?
- Yes — New York Part 600 NYCRR (effective January 2024) requires standardized commercial financing disclosures including total amount financed, total repayment, estimated APR, term, and prepayment terms. New York also prohibits confessions of judgment (COJ) against NY residents since 2019. T.A.G. complies with all NY Part 600 requirements and never uses COJ against New York business owners.
- How do I get a merchant cash advance in New York?
- Apply online at T.A.G. in under 10 minutes. Submit 3–6 months of NY business bank statements. Receive a New York Part 600-compliant offer with all required disclosures. Sign the agreement. Funds arrive in your New York bank account in 24–72 hours. Requirements: 500+ personal FICO, $10,000+/month revenue, 6+ months in business, active NY business bank account, no open bankruptcy.
- Are merchant cash advances legal in New York?
- Yes — MCAs are legal in New York. NY Part 600 regulates disclosures but does not prohibit MCAs. NY also bans confessions of judgment against NY residents (a significant consumer protection). MCAs are classified as purchase agreements for future receivables — not subject to NY usury laws. T.A.G. is fully NY Part 600 compliant and never includes COJ clauses for New York business owners.