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Home » Funders Pulling out of California Due to Commercial Financial Disclosure Regulations

Funders Pulling out of California Due to Commercial Financial Disclosure Regulations

Phil Cohen

The recent commercial financial disclosure regulations are negatively impacting funding options for businesses in states like California, New York, and Utah.

With stricter enforcement for lenders and financial services providers, including factoring companies, a lot of businesses are pulling out of these states. This has limited the factoring options for companies to get the funding they need to grow and manage their businesses.

What’s Happening in California?

These commercial financial disclosure regulations were aimed at enhancing transparency and protecting consumers more, but they’ve posed challenges for financial businesses in states like California.

Several companies have found it increasingly difficult to comply with the complex disclosure requirements, leading a lot of them to consider doing business in other states.

The exodus of financial companies from California raises questions about potential economic consequences for California and its businesses, as well as the potential benefits it could lead to for other states that offer a more flexible environment.

Struggling to find a factoring company?

If you’re struggling to find a factoring company for your business in states like California, New York, and Utah because of recent commercial finance disclosure regulations, you’re not alone. Factor Finders is still open for business in these states and can work with you to get your company the funding that it needs.

Complete the form to the right to get your California deal funde

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Phil Cohen

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