SFNet Successful In Getting Carve Out for ABL and Factoring in Connecticut

The Connecticut senate adopted an amended financial disclosure bill, which applies now only to sales-based financing, and the bill will now be referred to the Appropriations Committee. SFNet, with the help of its lobbyist, advocated for carving our asset-based lenders and factors since the bill was originally introduced in 2022. You can view the amendment here.