Nicole, do you have a read on the California disclosure changes? My current template is from last year.
Short version: APR-equivalent disclosure is now required on commercial financing under $500K, and the estimated term has to be shown with the assumptions behind it.
NP
Brokers are on the hook if they present an offer without the funder's disclosure attached. That's the part most shops are missing.
That's helpful. Can you look over what I send merchants? I want to make sure I'm not exposed on the broker side.
Yesterday8:00 PM
NP
Happy to review the disclosure template. Flat $750 for a template review, and I'll mark up anything that conflicts with SB-1235 or the NY rules.