What legislation was passed in Louisiana?
Effective Friday August 1, 2025, the state of Louisiana requires revenue-based financing providers to deliver certain disclosures to small businesses located in their state before entering into a revenue-based financing transaction.
What will small business owners need to do?
Forward will provide every small business in Louisiana with our disclosure form at the same time as the funding contract. In most cases, whether working with an ISO or directly with Forward, the customer will receive two separate emails simultaneously – one with the disclosure form and one with the contract. There is no need for the customer to sign the disclosure form; they only need to sign our contract.
What do ISOs need to know?
Effective August 1, 2025, we will provide each customer with a disclosure form. Please ensure that you are familiar with these state-required disclosures so you’re able to answer any questions customers might have.
Who can I contact if I have questions?
ISOs are encouraged to contact their Account Manager with any questions regarding Forward’s processes related to this Louisiana legislation. Further information on the law can be found here.
Customers working with an ISO and funding with Forward for the first time are encouraged to contact their ISO with questions. Customers who are working directly with Forward Financing are welcome, as always, to reach out to their Account Executive with any questions or concerns.
Will other states be passing similar legislation?
While none of us know for sure what legislation will or will not be passed, we can share our steadfast commitment to delivering financial opportunity to small businesses and being transparent and ethical in doing so.
We are involved in these discussions and closely monitoring any legislation that could affect our customers and ISOs. We will keep ISOs informed as decisions are made and will help them navigate any changes to how they work with Forward and the customers we share.