- 1The RBFC provided an outreach page for merchants to contact the appropriate parties on HB 700.
- 2Governor Abbott had until June 22 to veto; if he signs or does nothing, the law takes effect Sept. 1, 2025.
- 3Brokers and funders were asked to share the link with merchants.
The Revenue Based Finance Coalition (RBFC) has opened an outreach campaign urging Texas small businesses to speak up on HB 700 before the governor decides its fate.
The timeline
The coalition says revenue-based financing in the state would be severely restricted starting September 1, 2025 if the bill becomes law. Governor Greg Abbott had until June 22 to veto it. If he signed the bill or chose not to act by that date, it would take effect September 1, 2025.
The call to action
Many Texas small businesses are unaware of the legislation, according to the announcement. For merchants who want a say, the RBFC provided information that lets them contact the appropriate parties. Brokers and funders with merchant relationships were asked to share the link with any merchants who want to weigh in before it is too late.
The governor ultimately signed the bill, according to later reporting, with the law set to take effect September 1.
Source reporting: deBanked.
