With HB 700 now passed in the Texas legislature, the last step is for Governor Greg Abbott to sign the law by June 22nd. The Revenue Based Finance Coalition has launched an effort to have business owners in Texas speak out against the signing of this bill, as it will eliminate an option for business funding that has been critical to thousands of businesses. I encourage you to help with this effort with a sense of urgency, as businesses are at risk, and your funding or broker business will also be affected.

RBFC is joined in this effort by other national trade associations with members who also provide RBF to Texas businesses. Our combined efforts will only help our chances of getting the Governor to preserve this important option for Texas small businesses. 

To access the campaign, click HERE. This link can be given to any TX business to encourage email or phone outreach. If you have businesses that would like to share a more personalized story, the phone number and email address for Gov. Abbott's office are included below. RBFC is also happy to work directly with those merchants on their outreach to Gov. Abbott's office. 

Here is a template you can send to your Texas merchants:

"Dear TX Business Owner, 

Thank you for your interest in participating in a grassroots effort to keep Revenue Based Financing (RBF) (a.k.a. sales-based financing) an option for business owners in Texas seeking non-bank, non-recourse financing. HB 700 was passed by the TX legislature on Wednesday, May 28th with a provision included in the legislation that will prevent businesses from being able to utilize RBF in the state of Texas. RBF will become unavailable to TX business owners as a financing option starting on September 1, 2025, if the bill is signed by Governor Abbott. 

Governor Abbott has until June 22, 2025 to sign or veto HB 700. 

If you are interested in preserving this option for your business in the future, please consider outreach by one, or more, of the following avenues below - email, phone, social media. 

If you would like to edit any of the below suggested scripts to personalize your story please feel free to do so. If you have any questions or concerns, please feel free to email info@rbfc.net for further assistance and guidance. 

Please visit our website as well for additional information about the RBFC and our advocacy efforts on behalf of the entire RBF industry. 

Thank you,

Mary Donohue

Executive Director, RBFC

"

Email to Governor Abbott

Contact Form on Gov. Website: Office of the Texas Governor | Greg Abbott

• Please fill out the contact information in the online form. 

Issue: Finance & Spending 

Comments: 

Please Veto HB 700 — Protect Access to Revenue-Based Financing for Texas Small Businesses

Dear Governor Abbott,

As a Texas small business owner, I am writing to urge you to veto House Bill 700. This bill would effectively shut down revenue-based financing, which is one of the only flexible funding tools that many businesses like mine can access.

Revenue-based financing isn’t a loan. It’s a purchase of future receivables, and payments fluctuate with a business’ performance — so during particularly slow months, payments are smaller. That flexibility helped my business grow without the need for perfect credit, personal guarantees, or putting my home on the line, the kind of requirements that traditional banks often demand.

HB 700 would block access to this crucial capital, forcing thousands of Texas entrepreneurs to choose between taking on predatory debt or closing our doors. It would disproportionately hurt startups, family-run businesses, veterans, and those in underserved communities.

Texas should be expanding options for small businesses — not eliminating them. This bill would threaten jobs, stifle innovation, and make it harder to succeed in the very state that prides itself on being pro-business.

Please veto HB 700 and protect an important financial tool that keeps Texas businesses like mine alive and growing.

Sincerely,

[Your Name]

[Business Name]

[City, Texas]

Social Media Post

@GovAbbott: HB 700 puts small businesses like mine at risk, banning one of the only funding options that actually works when banks say no. Please VETO HB 700 and keep revenue-based financing legal in Texas. #VetoHB700 #TXsmallbiz

Phone Calls to Gov. Office Talking Points

Gov. Abbott Office Phone Number: 512.463.2000

Hello, my name is [Your Name] and I’m a small business owner in [Your City], Texas. I’m calling to urge Governor Abbott to veto HB 700.

• HB 700 would eliminate revenue-based financing, a critical funding option for thousands of small businesses like mine.

• Revenue-based financing isn’t a loan, it’s a purchase of future revenue, where payments are tied to a business actual earning — so during particularly slow months, payments are smaller.

• This funding has helped countless businesses hire, grow, and stay afloat — especially when banks won’t lend to them.

• HB 700 would block that access, forcing many of us into debt requiring collateral or personal guarantees or out of business.