This is a plain-English summary for business owners, not legal advice. Laws and regulations change. Check the statute and the regulator's guidance, or ask an attorney, before relying on it.
At a glance
| Law | Commercial financing disclosure law (SB 90) |
|---|---|
| Citation | O.C.G.A. § 10-1-393.18 |
| Applies from | January 1, 2024 |
| Deal size covered | $500,000 or less |
| Products covered | Commercial loans, commercial open-end credit and accounts-receivable purchase transactions |
| Estimated APR required | No |
Key points
- A "provider" is anyone who consummates more than five commercial financing transactions with Georgia businesses in a calendar year; occasional lenders below that count aren’t covered.
- Providers must deliver signed disclosures before the transaction closes. Modifications to an existing transaction don’t trigger a new disclosure.
- Brokers may not charge advance fees, among other limits on broker practices.
- The Attorney General enforces the law: $500 per first-time violation (capped at $20,000 in aggregate) and $1,000 per repeat violation (capped at $50,000).
What this means when you're comparing offers
Georgia's disclosures give you the dollar figures but not an annual rate. That makes it hard to compare offers against a loan quoted with an interest rate, and a short, expensive offer can look cheap if you only see the finance charge.
You can fill the gap yourself. From the disclosure, take the amount disbursed (after fees), the total repayment and the payment schedule, and enter them in our merchant cash advance calculator (for factor-rate offers) or the loan comparison calculator (choose "Total amount to repay"). Both compute an estimated APR by the Regulation Z Appendix J actuarial method.
What a disclosure typically shows
The exact list varies by state and product, but commercial financing disclosures generally cover the total amount of financing, the amount actually disbursed after fees, the finance charge or total cost, the total repayment amount, and the payment amount and frequency. Check the statute cited above for Georgia's precise requirements.
If an offer is covered and you weren't given a disclosure, ask for one before signing. If a provider refuses, treat it as a warning sign.
Other states
See all state commercial financing disclosure laws, including which require an APR and how deal-size limits compare.
Sources
- Georgia Code § 10-1-393.18: Required disclosures for commercial financing transactions; exceptions; limitations on brokers; enforcement; civil penalties (accessed 2026-09-26)
- Buchalter, Georgia Enacts Commercial Financing Disclosure Law, Mandatory Compliance Date January 1, 2024 (accessed 2026-09-26)
- Georgia General Assembly, SB 90 (accessed 2026-09-26)