Disclosure law
Georgia SB 90: Commercial Financing Disclosure in the Southeast
Georgia became the first Southeastern state to require standardized small-business financing disclosures.
May 21, 2024 · 6 min read
Scope
Georgia's SB 90 applies to commercial financing transactions of $500,000 or less and reaches providers and brokers arranging financing for Georgia businesses.
It marked the disclosure movement's arrival in the Southeast, a region with heavy trucking, construction, and hospitality funding volume.
What Georgia requires
Total amount provided, total dollar cost, the manner and frequency of payments, the term, and prepayment terms, delivered at or before the time an offer is extended, with registration provisions for brokers.
What Atlanta operators should take from it
For the trucking and construction files that dominate Georgia volume, the payment-frequency and prepayment lines matter most: weekly versus daily remittance changes operating cash materially at the same total cost.
Keep the disclosure with the executed agreement. If the numbers on the two documents differ, you have a documented issue.