https://debanked.com/?s=california+license&x=0&y=0

https://dfpi.ca.gov/california-finan...law-about/#Who
Who is Required to Obtain a Finance Lenders License?
In general, any person engaging in the business of a finance lender or finance broker in California is required to obtain a license under the California Financing Law. The California Financing Law contains a number of exemptions for persons licensed by other regulatory agencies.

Definitions
“Finance lender” includes any person engaged in the business of making consumer loans or making commercial loans.
“Finance broker” includes any person engaged in the business of negotiating or performing any act as broker in connection with loans made by a finance lender. A broker license authorizes brokering of loans to licensed finance lenders; it does not authorize brokering of loans to those who are not licensed finance lenders.
1) You all really should be consulting legal professionals for clarity, but I would love for Sean & Debanked to update some current guidance for this as all of their articles are circa 2015-2016 when this was a problem.

2) A "MCA" is not a loan in CA, it appears, and as such is not subject to lending licenses. HOWEVER, it appears they are subject to APR disclosure laws and lending license or not, it appears that a BROKER OF ANY financial product or financial product marketing is required to be licensed in CA, from my interpretation of the Expansion Capital legal filing I found below. Correct me if I am wrong on that last part?

3) It appears as far as "MCAs" are concerned in CA, they are super strict on disclosure notice - although I've read in some places they admit that "APR" can technically not be calculated for a MCA, and if we're being honest "APR" theoretically does not even apply to a MCA product from a financial standpoint, but who knows? CA also appears to be super strict on MCA companies abiding by their specified percentage / reconciliation clauses in order for the contract to be valid.


https://dfpi.ca.gov/2020/04/06/advis...nce-contracts/

https://dfpi.ca.gov/wp-content/uploa...-Group-LLC.pdf

A lot of info in this, just search "merchant cash"
https://dfpi.ca.gov/wp-content/uploa...01-18-RBLC.pdf