Results 1 to 5 of 5
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09-22-2021, 10:18 AM #1
- Join Date
- Jul 2021
- Posts
- 19
NY Commercial Finance Disclosure
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09-22-2021, 11:31 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,891
Will this reduce the number of companies doing business in NY?
Reduce access to access to small business owners?Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-22-2021, 11:39 AM #3
The biggest question I have is who does this apply to. Lenders based in NY, Brokers based in NY or merchants based here. Depending on the answer to this question will determine if this is a small blow or a huge blow to the industry. Only thing I am sure about is the only people who are benefiting from this are contract lawyers who have to try and make sense of this law and explain it to companies.
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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09-22-2021, 11:55 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,464
No-The smart players in the industry will adapt to the regulations and stay in front of any changes coming down the pipe. This will add to costs of operations in a very competitive market. Those whom have access to cheap cost of funds and who are smart and nimble enough to change with regulations will actually thrive because of the changes.
It's the evolution of capital markets. If you don't adapt to regulatory changes you will get run over. If you stay ahead of the changes and have the ability to scale you win.Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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09-22-2021, 02:02 PM #5
- Join Date
- Dec 2016
- Posts
- 379
This thing is ridiculous. The 45 page documentation even specifies what size font Times New Roman you have to use on the contract. lol unreal
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