Rapid Finance Extends API-Supported SMB Disclosure Service to Support Missouri Under New Commercial Financing Disclosure Requirements

BETHESDA, Md. -Rapid Finance, a leader in small business financing and enterprise lending solutions, announced the availability of its SMB Disclosure Service, a standalone Software-as-a-Service (SaaS) Regtech Module, to help business funders and financing companies comply with Missouri’s commercial disclosure requirements which took effect on February 28, 2025.

With the passage of Senate Bill 753, Missouri joins the growing list of states that have introduced commercial financing disclosure requirements, including California, Connecticut, Florida, Georgia, Kansas, New York, Utah and Virginia. Missouri’s Commercial Financing Disclosure Law mandates that lenders provide businesses with clear, comprehensive disclosures about the total cost, repayment terms and conditions of financing offers. The law also includes provisions for the registration of brokers, requiring them to register with the Missouri Division of Finance and meet annual renewal requirements.

“Missouri’s new law marks an important step toward greater transparency in the commercial financing industry,” said Will Tumulty, CEO of Rapid Finance. “We are proud to offer our SMB Disclosure Service to help businesses in Missouri meet these new compliance requirements with ease, ensuring they can focus on their growth without worrying about complex regulations.”

Funders can either integrate their existing loan or financing origination platforms with Rapid Finance’s SMB Disclosure API or leverage a user interface to access required statements. This allows commercial finance providers to deliver disclosures that comply with regulatory standards and ensures clarity on offerings for both HTML and PDF formats.

For funders seeking additional financing solutions, Rapid Finance offers a comprehensive suite of technology to optimize SMB lending capabilities. Rapid’s modular and composable origination system provides lenders with a foundational platform that streamlines the lending process and integrates seamlessly with existing systems.

Rapid Finance’s team is proactively monitoring additional state regulations in this space and will continue to add new states as similar laws come into effect. To learn more, contact EnterpriseSales@rapidfinance.com.

About Rapid Finance

Since 2005, Rapid Finance has been supporting the growth and success of small businesses across the U.S. Powered by a thoughtful combination of technology, speed and deep industry expertise, Rapid Finance provides modular, flexible and scalable financing solutions to small businesses, as well as Lending-as-a-Service solutions customized to meet enterprise clients’ needs. Learn more at www.rapidfinance.com.