Honest, Transparent, and Focused on Your Success

At Bitty, we adhere to all commercial financing laws to ensure transparency in every business funding transaction.

What Disclosure Laws Mean for Your Business

Disclosure laws ensure you receive all financing costs and terms upfront, so you can make informed decisions without surprises.

Clear terms ensure you always know what you're agreeing to.

Upfront disclosures prevent unexpected costs down the road.

Access to information empowers smarter business choices.

Disclosure laws safeguard your interests against unfair practices.

Your Trusted Partner in Transparent, Responsible Funding

Bitty’s commitment to transparency and regulatory compliance means financing that empowers and protects your business.

State-By-State Compliance

We are fully compliant with regulations in every state we operate in.

Transparent Disclosures

We provide clear, upfront details on all financing terms.

Proactive Compliance Strategy

We regularly update our practices to ensure we adhere to evolving regulations.

Responsible Funding Practices

We prioritize ethical lending and sustainable business growth.

Understand Commercial Financing Laws in Your State

Each state has unique disclosure laws to keep your financing fair and transparent. Learn more below.

California

For financing of $500,000 or less, lenders must be upfront about key details including the amount of funding you will receive, finance charges, total payment amounts, and the Annual Percentage Rate (APR). This law helps you avoid hidden fees and unfavorable terms.

Connecticut 

Funders offering less than $250,000 must clearly disclose information like the total loan amount and repayment schedule. The law also protects your right to a hearing, preventing lenders from taking money from your account without due legal process. Lenders must also register with the state every year, ensuring they remain accountable.

Florida

This law ensures clear and upfront disclosure of financing terms for loans and accounts receivable purchases under $500,000. Lenders must share key details like total funds, costs, and payment schedules. Florida also requires a specific code of conduct aimed directly at brokers.

Georgia

Georgia’s commercial financing disclosure law ensures transparency in loans and accounts receivable purchases under $500,000. Providers must share essential terms like total funding amounts and payment schedules. There are also civil penalties for lenders who violate the law.

Kansas

By requiring disclosure of total payments, total cost, frequency and more, this law ensures you understand exactly what you’re getting into, so you can avoid hidden fees or surprises in the future. Lenders who engage in unfair practices will face civil penalties for violations.

Missouri

Missouri’s law ensures transparency in financing by requiring funders to disclose important details such as the repayment terms and any associated fees. Brokers must also register annually, adding a layer of accountability to the process.

New York

New York requires lenders to provide clear, upfront disclosures about the total financing amount, fees, APR, and more. This law also requires all commercial lenders to be licensed and regulated—and imposes strict penalties for non-compliance.

Utah

In Utah, lenders must share specifics with you—including the total funds provided, any commissions paid to brokers, and more—before finalizing any commercial financing deal less than $1 million. Funders must also register with the state every year to maintain compliance.

Virginia

This law regulates revenue-based financing under $500,000. Providers must register with the Virginia State Corporation Commission and disclose key financing terms upfront. It also includes procedures for dispute resolution and limits arbitration costs, ensuring you have fair ways to address conflicts.

Empower Your Business: Explore the Bitty Blog

Access powerful insights and tips to guide your small business financing decisions.