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.
Missouri requires commercial financing brokers to register with the Division of Finance and post a $10,000 surety bond, in addition to the standard disclosure.
Checked 30 August 2026. This is a summary of what the rules are, not legal advice on what to do about them — and secondary sources disagree on several of these effective dates, usually because a statute’s own effective date and the date compliance is actually required are different. Confirm against the statute.
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.
Federal TCPA plus the Missouri no-call list. No FTSA-style private right of action.
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.
Trucking and transportation
$15K–$75K
Medical practices and med spas
$40K–$150K
Restaurants and food service
$10K–$60K
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.
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.
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.
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 with a 25-lead minimum. We can filter your feed by state, which is a real risk control in Missouri if you are concerned about the calling rules.
Broker registration
A state requirement that a firm brokering commercial financing register with a regulator before doing so.
Commercial financing disclosure law
State legislation requiring standardised cost disclosures to a business before it signs a financing agreement.
ISO
A firm that sources merchants and places their files with funders, earning points on funded volume without deploying its own capital.
California
Disclosure law · registers brokers
New York
Disclosure law · registers brokers
Texas
Disclosure law · registers brokers
Florida
Disclosure law
Virginia
Disclosure law · registers brokers
Utah
Disclosure law · registers brokers
Connecticut
Disclosure law · registers brokers
Georgia
Disclosure law
Kansas
Disclosure law
New Jersey
No disclosure law · registers brokers
Oklahoma
No disclosure law
Washington
No disclosure law
Maryland
No disclosure law
We will tell you straight up if we cannot help you. No commission deals, no free trials, no chasing you for three weeks.