On this page
| Disclosure law | Yes |
|---|---|
| Broker registration | Yes |
| State calling statute | Federal only |
The state with the most explicitly broker-facing requirement of the ten. Missouri did not just name brokers in the statute — it bonded them, which is a materially different obligation from filing a registration form.
The disclosure requirement
| Statute | Commercial Financing Disclosure Law (SB 1359 / SB 753), RSMo 427.300 et seq. |
|---|---|
| In force | Six months after the Division of Finance promulgates rules, or 28 February 2025 if it did not. |
| Reaches | Transactions above $500,000 are exempt |
| Must contain | Total amount financed, disbursement amount, total repayment, total dollar cost, payment amount and frequency, and prepayment terms. |
| Annualised rate | Follows the dollar-cost template rather than mandating an annualised figure. |
Registration and licensing
Brokers facilitating commercial financing transactions in Missouri must register with the Missouri Division of Finance and maintain a $10,000 surety bond. The registration fee is $100 initially and $50 a year to renew.
Calling into Missouri
Federal TCPA plus the Missouri no-call list. No FTSA-style private right of action.
What changes for a broker
- The surety bond is the distinguishing feature. Registration is a form; a bond is an underwriting process with a third party, and it takes longer than brokers expect.
- At $100 to register and $50 to renew, the fee is not the barrier — the bond and the lead time are.
- The bond exists so a wronged merchant has something to claim against. That is worth understanding before assuming it is a formality.
What Missouri files look like
Distribution and logistics through St Louis and Kansas City, a substantial healthcare services base, restaurants and a long tail of small manufacturing. Deal sizes cluster in the middle of the national range.
Questions
Does Missouri regulate merchant cash advances?
Yes. Commercial Financing Disclosure Law (SB 1359 / SB 753), RSMo 427.300 et seq. applies to transactions above $500,000 are exempt. Total amount financed, disbursement amount, total repayment, total dollar cost, payment amount and frequency, and prepayment terms.
Do I need to register to broker MCAs in Missouri?
Brokers facilitating commercial financing transactions in Missouri must register with the Missouri Division of Finance and maintain a $10,000 surety bond. The registration fee is $100 initially and $50 a year to renew.
Can I cold call businesses in Missouri?
Federal TCPA plus the Missouri no-call list. No FTSA-style private right of action.
Whichever state you are dialling, what protects you is the consent record rather than an assurance from a vendor. That is covered in the compliance guide.
Do you sell MCA leads in Missouri?
Yes. Every lead clears the same six minimums wherever the merchant is — $30K+ monthly revenue, $15K+ requested, six months trading, four months of statements available, U.S.-based, and mobile-verified by a 6-digit code. $60 per lead, in packs starting at 50. We can filter your leads by state, which is a real risk control in Missouri if you are concerned about the calling rules.