MCA leads in Georgia.
Georgia requires commercial financing disclosures from 1 January 2024 on transactions of $500,000 or less, and is the state that most clearly declines to require an APR.
- Disclosure law
- Yes
- Registration
- None
- State calling act
- Federal only
The rules.
- Disclosure law
- Amendments to the Fair Business Practices Act covering commercial financing
- In force
- 1 January 2024
- Threshold
- Transactions of $500,000 or less
- Must contain
- Total amount provided, total amount to be paid, the difference between the two, the estimated payment amount and frequency, and a description of any fees.
- Annualised rate
- Explicitly not required. Georgia is the clearest example of a legislature deciding against an annualised figure.
- Registration
- None specific to commercial financing.
- Calling
- Federal TCPA plus Georgia’s no-call provisions, which carry a business-to-business exemption. No FTSA-style damages regime.
sources disagree on some effective dates, so confirm against the statute
What changes for a broker.
- Sitting the Fair Business Practices Act amendments alongside the disclosure means enforcement runs through consumer-protection machinery rather than a banking regulator.
- No registration requirement, which makes Georgia one of the two disclosure states a broker can work without filing anything.
- The absence of an APR line does not make a factor rate self-explanatory. A merchant comparing a 1.35 against a bank quote still needs the arithmetic done for them.
Questions.
Yes. Amendments to the Fair Business Practices Act covering commercial financing. Threshold: Transactions of $500,000 or less. In force: 1 January 2024. Must contain: Total amount provided, total amount to be paid, the difference between the two, the estimated payment amount and frequency, and a description of any fees.
Georgia has no commercial-financing-specific registration or licence for brokers. General business licensing applies as it would to any company operating there.
Federal TCPA plus Georgia’s no-call provisions, which carry a business-to-business exemption. No FTSA-style damages regime.
Yes. Every exclusive lead clears the same 8 minimums wherever the merchant is, and exclusive leads can be filtered by state.
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