ISSUES
Items We Are Affecting For You Us The Community
SBA SOP 50‑10‑8
The SBA has updated its Standard Operating Procedures (SOP 50 10 8), setting the standard for how 7(a) and 504 loans are originated. This clarity makes it easier to package deals, align with lenders, and get to funding faster. While lenders are responsible for compliance, brokers play a critical role in helping applicants meet the SBA’s streamlined documentation and eligibility requirements. We actively monitor SOP updates and equip brokers with training, templates, and support tools to ensure you’re never left behind.
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Commercial Financing Disclosure Law, Mo. Rev. Stat. Chapter 427
Missouri has introduced a commercial financing disclosure law that requires brokers to register with the Division of Finance. This is a positive step for legitimate brokers. It helps build trust with lenders and borrowers by cracking down on bad actors.
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Texas Finance Code Chapter 398 (HB 700)
Texas recently enacted a law that establishes broker registration and common-sense disclosure requirements for sales-based financing (MCA). It also sets boundaries that protect small business owners while empowering brokers to build credibility and operate transparently. The CCBA fully supports regulation surrounding the MCA product.
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Commercial Financing Disclosure Law or Act(s)
States like California, New York, Florida, Georgia, Kansas, and Connecticut have passed commercial financing disclosure laws that impact how cost, fees, and broker compensation are disclosed to borrowers. Each state’s rules are slightly different, but they all share a common goal of transparency. Brokers are not required to create disclosures, but in many cases, you must ensure the provider’s disclosures are delivered correctly. This wave of legislation shows just how important brokers are to the small business funding ecosystem. We are proud to be your advocate and your compliance partner.
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Advocating for Commercial Capital Brokers
Championing fair regulation, transparent processes, and equitable compensation at the federal and state level.