- Connecticut's Public Act 23-201 (effective July 1, 2024) requires state-prescribed disclosures on sales-based financing of $250,000 or less and requires providers and brokers to register with the Department of Banking.
- The law also bars prejudgment-remedy waivers and gives recipients a three-day window to review a specific offer before it can be pulled or changed.
- The high-value economy spans insurance and finance, advanced manufacturing and aerospace, biosciences, and defense shipbuilding across all eight counties.
Funding the Connecticut economy
Connecticut may be small, but it is one of the wealthiest and most productive states per capita in the country. Hartford anchors a globally significant insurance and financial-services cluster, New Haven blends a world-class university with a growing bioscience scene, and the southeastern coast and Naugatuck Valley support advanced manufacturing, aerospace, and defense shipbuilding. That mix creates steady demand for capital — to buy equipment, bridge contract timelines, and manage some of the highest operating costs in the Northeast.
Industries we fund across Connecticut
- Advanced manufacturing & aerospace — equipment loans and lines of credit for precision shops and suppliers in the Naugatuck Valley and Greater Hartford.
- Healthcare & biosciences — practice financing and build-outs in New Haven and Fairfield County.
- Construction & trades — lines of credit and equipment financing to manage project timelines and material costs across dense, expensive metros.
- Restaurants & hospitality — working capital and revenue-based financing for Main Street businesses in Bridgeport, Hartford, and along the shoreline.
- Professional services — short-term working capital for the state’s large base of consulting, legal, and financial firms.
What Public Act 23-201 means for you
If you’re weighing a merchant cash advance or other sales-based financing in Connecticut, the state now requires providers to hand you a standardized disclosure form for offers of $250,000 or less — making it far easier to compare the real cost of competing offers. Providers and brokers also have to register with the Connecticut Department of Banking, and the law gives you a three-day window to review a specific offer before it can be pulled or changed. Hoss Capital only works with partners who operate transparently.