Georgia Commercial Financing Law

At a glance

• Status: Law enacted

• Signed: May 2023

• Effective: Jan 1, 2024

• Who it covers: Broad — commercial loans, open-end credit, accounts receivable purchases

• Size cap: $500,000 or less

• Regulator: Enforced via GA Attorney General

Type of rules: Broad coverage · Broker rules

Key requirements

• Enacted as an amendment to Georgia’s Fair Business Practices Act, so violations plug into the state’s existing consumer-protection enforcement machinery.

• Applies to providers consummating more than five commercial financing transactions in Georgia per year.

• Total-cost disclosures (funds provided, disbursed, total payments, total dollar cost, payment terms, prepayment) — no APR required.

• Broker conduct rules: advance fees are prohibited and brokers must avoid false or deceptive representations.

• No provider registration requirement.

What to watch

Modeled on Utah’s framework; violations carry monetary penalties but no private right of action.

Georgia coverage from Funder Intel

• Dec 22, 2023  Are You Ready for These New Laws Jan 1, 2024?

• May 9, 2023  The Dawn of a New Chapter in Georgia's Commercial Financing Landscape

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Search the Commercial Registration Database (members) to check who is registered.

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States with pending bills: New Jersey · Illinois · Maryland · North Carolina · Pennsylvania

Last verified October 2026. Compiled and verified by Funder Intel for general industry information. This is not legal advice. Laws change often, so check the statute and a qualified attorney before making compliance decisions.