Introduction - On 22 September 2022, we published Growing Trend of Revenue Based Financing and its Legal Implications, which described revenue-based financing (RBF) and its growing.
A common reality for small businesses is thinking you’re paying one price for your loan, and instead realizing, sometimes too late, that your actual Annual Percentage Rate (APR) is in fact in the triple digits.
On February 16, 2023, the Illinois House introduced a bill titled the Small Business Truth in Lending Act. This proposed legislation, similar to statutes that have been enacted in other.