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New Commercial Finance Bill in South Carolina Proposed

Updated: Apr 10


south carolina

A bill that resembles the commercial financing laws from Georgia and Florida is being put through the South Carolina legislature. The bill is so new we don't have a bill number yet but we understand that it takes the total cost of capital approach with no APR disclosure requirement.

As much as we want to provide more details to you there is limited information right now. There is a lot of work to do before it reaches its final form or if it ever gets to the governor's desk.

The main point here is that South Carolina is yet another state introducing this type of commercial finance bill while others are either currently in the process or will be soon.




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