Category: Direct Business Lending

New York is enacting laws that mandate consumer-style disclosures for commercial financing transactions. The state’s Department of Financial Services initially delayed compliance with these requirements until final implementation regulations were issued. On February 1, 2023, the Final Regulations were published, and they are set to take effect on August 1, 2023.  The Final Regulations introduce […]

The Struggle for SMEs: Banks’ Tightening Lending Criteria Impedes Working Capital Access  Banks are currently tightening their lending criteria, creating significant hurdles for small and medium-sized enterprises (SMEs) in acquiring working capital. These stricter standards make it increasingly challenging for SMEs to secure loans. Also to access the necessary funds to support their day-to-day operations […]

CFG Merchant Solutions, LLC (“CFGMS”) is pleased to announce that in Q1 of 2023, the longstanding funder surpassed $1 billion in MCA originations. CFGMS has funded over 25,000 businesses since inception, operating across a diverse range of industries throughout the United States. “This significant milestone occurred this year along with our successful, $20 million Corporate […]

A look into New York Disclosure Regulation  Commercial financing disclosure regulations require funders to share certain information to borrowers in commercial transactions. For instance, the APR, terms, and prepayment penalties. These regulations aim to promote transparency and protect borrowers in the financing process. The reasons for regulating commercial financing disclosures are to ensure that lenders […]