State Availability & Commercial Financing Disclosures

Effective Date: April 14, 2026
Last Updated: April 14, 2026

Where Commera Operates

Commera LLC ("Commera") is a commercial financing broker based in Casper, Wyoming. We broker merchant cash advance and revenue-based financing transactions in 44 U.S. states where such financing is legally permitted. We comply with all applicable state commercial financing disclosure laws and do not operate in states where broker licensing is required but not yet obtained, or where legal analysis indicates significant regulatory risk to our clients.

States Where We Currently Accept Applications

Commera accepts applications from businesses whose principal place of business is located in one of the following 44 states:

Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Vermont, Washington, West Virginia, Wisconsin, Wyoming.

If your business is located outside of these 44 states, please see the section below for information about why certain states are not currently served.

States We Do Not Currently Serve

Commera does not broker transactions in six states due to licensing requirements or significant regulatory risks. Below are the reasons we are not currently operating in these states:

• California — Brokers require a California Financing Law (CFL) broker license issued by the California Department of Financial Protection and Innovation (DFPI). This requires demonstration of financial responsibility ($25,000 minimum net worth and $25,000 surety bond) and compliance with extensive state regulations. We are currently evaluating this requirement.
• Connecticut — Effective July 1, 2024, Connecticut requires both commercial financing providers and brokers to register with the Connecticut Department of Banking under the Commercial Financing Provider or Broker Registration Act (Conn. Gen. Stat. §36a-861 et seq.), including NMLS registration and foreign entity qualification.
• Missouri — Effective February 28, 2025, Missouri requires brokers to register with the Missouri Division of Finance (RSMo §427.300 et seq.), including a surety bond and annual fee. We are in the process of registering.
• Texas — While Texas HB 700 (effective June 2025) requires brokers to register with the Office of the Consumer Credit Commissioner, the same law removes the usury exemption that traditionally protected merchant cash advances, potentially subjecting deals to Texas's 18% interest rate cap and restricting automatic debit collection methods. We are conducting legal review to determine whether the underlying product remains viable in this regulatory environment.
• Utah — Utah Code §7-27-101 et seq. (Commercial Financing Registration and Disclosure Act) requires brokers to register with the Utah Division of Financial Institutions. We are evaluating compliance steps.
• Virginia — Effective November 1, 2022, Virginia Code §6.2, Chapter 22.1 (HB 1027) requires both providers and brokers to register with the Virginia State Corporation Commission. An exemption applies if the broker completes fewer than 5 transactions per 12 months or deals exclusively in transactions over $500,000. Brokers may contact Commera for availability under the exemption threshold.

If you are located in one of these states and wish to discuss your situation, please email contact@commerafunding.com.

How Our Disclosure Process Works

When you apply through Commera and a funding partner makes you an offer, you will receive clear written disclosures before you sign any financing agreement, including:

• Total Amount of Financing — the amount you will receive
• Finance Charge — the dollar cost of the financing
• Total Repayment Amount — what you will pay in total
• Factor Rate — the multiplier applied to your advance
• Payment Amount and Frequency — daily, weekly, or other schedule
• Estimated Repayment Term
• Prepayment Policy — any discounts or charges for paying early
• Broker Compensation — how Commera is paid

You will never be asked to sign a financing agreement without first receiving and having the opportunity to review these disclosures. Commera's compensation is paid by the funding partner upon successful funding — Commera does not charge fees to applicants.

State-Specific Disclosures for States We Serve

Florida

Florida has a commercial financing disclosure law (Fla. Stat. § 559.9611 et seq.) applicable to sales-based financing transactions of $500,000 or less. Where applicable, you will receive a Florida-compliant disclosure prepared by your funding partner before signing.

Georgia

Georgia's commercial financing disclosure law (O.C.G.A. § 10-1-393.16 et seq.) applies to commercial financing transactions of $500,000 or less. Where applicable, you will receive a Georgia-compliant disclosure before signing.

Kansas

Kansas SB 345 (effective July 1, 2024) requires disclosure of material terms when a financing transaction is offered. The disclosure requirements fall on the financing provider, not the broker. Brokers in Kansas are prohibited from collecting advance fees or making false representations.

New York

New York's Commercial Finance Disclosure Law (CFDL, 23 NYCRR Part 600, effective August 1, 2023) requires the financing provider to disclose Commera's broker compensation to the merchant in clear, written form. Commera maintains records of all New York transactions for three years and complies with all annual reporting obligations to the New York Department of Financial Services.

Louisiana

Louisiana HB 470 (effective August 1, 2025) requires disclosure of key terms in revenue-based financing transactions, including merchant cash advances. The law applies to all such transactions regardless of transaction size. Disclosure obligations fall on the financing provider, not the broker. Commera works with its funding partners to ensure compliant disclosures.

Maryland

Maryland HB 693 / SB 754 (effective October 1, 2025) establish disclosure requirements for commercial financing providers. The financing provider is responsible for furnishing all required disclosures to the merchant before the transaction is accepted or signed.

Other Service States

The remaining 38 states where Commera accepts applications do not currently impose state-specific commercial financing disclosure requirements for merchant cash advances and revenue-based financing in the transaction size range that Commera brokers. However, all merchants will receive clear, plain-language disclosures of material terms — including total amount, finance charge, total repayment amount, factor rate, payment structure, and prepayment policy — directly from the funding partner before signing any financing agreement.

How to File a Complaint

If you believe you have not received required disclosures or have concerns about our practices, you may contact us first at contact@commerafunding.com. If we cannot resolve your concern, you may also file a complaint with your state's financial regulator or consumer protection office. Contact information for relevant agencies is available on each state's official government website.

Questions About State Availability

Email us at contact@commerafunding.com if you have questions about whether we accept applications from your state, or to be notified when we expand into your area.

Commera LLC
5830 E 2nd St
Casper, WY 82609
Email: contact@commerafunding.com
Phone: +1 (888) 451-5255

This page summarizes Commera's current state availability and disclosure practices. Commera reserves the right to update the list of served states at any time. Nothing on this page constitutes legal advice or an offer of financing.