Virginia MCA Disclosure Law — HB 1027
Virginia enacted HB 1027 (effective 2022), requiring standardized disclosures for all commercial financing including MCA. Required disclosures: total amount financed, total repayment amount, APR equivalent, payment frequency, and prepayment terms. T.A.G. provides full HB 1027 compliant disclosures on all Virginia MCA offers — allowing Virginia business owners to understand the complete cost of their advance before signing.
MCA Qualification Requirements — Virginia
Virginia Industries T.A.G. Funds
Virginia Cities We Fund
Frequently Asked Questions
- How do I get a merchant cash advance in Virginia?
- Apply online at T.A.G. in under 10 minutes. Submit 3–6 months of Virginia business bank statements. Receive an offer within hours. Sign electronically. Funds arrive in your VA bank account in 24–72 hours. Requirements: 500+ FICO, $10,000+/month revenue, 6+ months in business, active VA business bank account, no open bankruptcy.
- Are merchant cash advances legal in Virginia?
- Yes — MCAs are legal in Virginia. Virginia HB 1027 (effective 2022) requires disclosure of total cost, APR equivalent, and repayment terms for all commercial financing including MCA. MCAs are classified as purchase agreements for future receivables — not subject to Virginia usury laws. T.A.G. is fully HB 1027 compliant for all Virginia transactions.
MCA for Virginia Businesses — Economy Overview
Virginia's $680 billion economy is anchored by the world's largest concentration of federal government, defense, and intelligence contractors in the DC metro (Northern Virginia), the Port of Virginia in Hampton Roads, a major agricultural sector, and one of the fastest-growing tech corridors in the country (Amazon HQ2 in Arlington). Virginia HB 1027 commercial financing disclosure law is in effect as of January 1, 2024.
How Much Can a Virginia Business Get?
MCA advances are typically 75–150% of your average monthly gross deposits. A Arlington restaurant with $70,000/month qualifies for $52,500–$105,000. A McLean defense contractor with $100,000/month qualifies for $75,000–$150,000. A Richmond restaurant with $65,000/month qualifies for $48,750–$97,500.
- Federal Contracting and Defense
- $100K/mo → $75,000–$150,000. NoVA government and intelligence contractor ecosystem.
- Technology
- $90K/mo → $67,500–$135,000. Amazon HQ2, data center corridor.
- Restaurants and Hospitality
- $70K/mo → $52,500–$105,000. Richmond Scott's Addition, Arlington dining.
- Healthcare
- $78K/mo → $58,500–$117,000. Northern Virginia and Richmond practices.
- Construction
- $88K/mo → $66,000–$132,000. NoVA and Richmond development.
- What Virginia businesses qualify for an MCA?
- Restaurants, contractors, retailers, healthcare practices, manufacturers, hospitality companies, and most revenue-generating small businesses qualify. Requirements across all Virginia cities: 500+ personal FICO, $10,000+/month in gross revenue, 6+ months in business, an active VA business bank account, and no open bankruptcy. Virginia Beach, Norfolk, Chesapeake, Richmond, Newport News, Alexandria, Hampton, Roanoke, Portsmouth, Suffolk — and all Virginia cities — qualify.
- How much can a Virginia business get from an MCA?
- Typically 75–150% of your average monthly gross deposits. A Arlington restaurant with $70,000/month qualifies for $52,500–$105,000. A McLean defense contractor with $100,000/month qualifies for $75,000–$150,000. A Richmond restaurant with $65,000/month qualifies for $48,750–$97,500. The maximum advance is $1,000,000 for high-revenue businesses. Apply at T.A.G. in under 10 minutes — decisions in hours.
- Does Virginia regulate merchant cash advances?
- As of July 2026, Virginia HB 1027 commercial financing disclosure law, 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.