Merchant Cash Advance in Plano: 2026 Guide for Collin County Business Owners

Quick Answer: Texas House Bill 700, effective September 1, 2025, requires providers to deliver a written dollar-cost disclosure before you sign any MCA under $1 million — and bans confession-of-judgment clauses statewide. That’s more protection than Florida or Georgia gives. What Texas does not require is an APR — you calculate that yourself. Factor rates for Plano businesses typically run 1.15–1.50, translating to 40–180% APR depending on repayment speed. For the full Texas regulatory picture, see our Texas MCA state guide. The rest of this page covers what’s specific to running a business in Plano and Collin County.

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What Texas HB 700 Gives Plano Businesses

Plano businesses are covered by one of the more meaningful recent additions to U.S. commercial-financing law. The contrast with peer cities:

State	Law	APR Disclosure Required?	COJ Status
Texas (Plano)	HB 700 (Sept 2025)	No — dollar cost only	Banned
California (LA/SF)	SB 1235 + SB 362 (Dec 2022 / Jan 2026)	Yes — before signing	Heavily restricted
New York	S5470B (Aug 2023)	Yes	Banned (out-of-state, 2019)
Virginia	HB 1027 (July 2022)	Standardized metrics	Banned
Florida (Miami)	HB 1353 (Jan 2024)	No — dollar cost only	No restriction
Georgia	SB 90 (Jan 2024)	No — dollar cost only	No restriction
Arizona	None	No	No restriction

HB 700 requires a written disclosure of the dollar cost — total funded, net disbursement after fees, total repayment, payment schedule, all fees, any collateral, and broker compensation — before you sign. The provider must obtain your signature on that disclosure before the deal closes.

What Texas does not require is an APR. A $75,000 advance with a $97,500 total repayment tells you the cost in dollars — but not whether that’s 75% APR or 150% APR. Repayment speed decides. Use the MCA calculator to convert the total repayment from the HB 700 disclosure into an APR you can compare.

COJ Ban, Auto-Debit Limits, and OCCC Registration

Any Texas MCA contract with a confession-of-judgment clause is void under HB 700 — and signals a non-compliant template. HB 700 also largely prohibits providers from auto-debiting your account unless they hold a perfected first-priority security interest in it, targeting double-debiting and post-payoff withdrawals. All MCA providers and brokers operating in Texas must register with the Texas Office of Consumer Credit Commissioner (OCCC) by December 31, 2026, and each violation carries a $10,000 civil penalty. File complaints at occc.texas.gov.

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What an MCA Actually Costs in Plano

An MCA uses a factor rate — a flat multiplier on the advance — typically 1.15–1.50 for Plano businesses:

Advance	Factor Rate	Total Repayment	Cost
$25,000	1.20	$30,000	$5,000
$50,000	1.25	$62,500	$12,500
$75,000	1.30	$97,500	$22,500
$200,000	1.45	$290,000	$90,000

Repayment comes as a holdback — a fixed percentage of daily card sales or weekly deposits, typically 10–20% — until the balance clears. Because that compresses into months, the effective annual cost runs far above the factor rate:

• $100,000 at 1.35, repaid over 6 months: roughly 70% APR
• $100,000 at 1.35, repaid over 3 months: roughly 140% APR

Where Plano businesses fall in the range:

• 1.15–1.25: Restaurants, bars, and retail with steady daily card volume and clean statements.
• 1.25–1.35: Construction subcontractors, healthcare practices, and service firms with mixed card and invoice revenue.
• 1.35–1.50: Technology and professional-service firms billing on milestone or subscription cycles with irregular deposits.

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Plano’s Economy and Where MCAs Fit

Plano is one of the wealthiest and most corporate cities in Texas, anchoring the northern edge of the Dallas-Fort Worth metroplex in fast-growing Collin County. Four sectors drive most MCA demand.

Technology and Corporate Headquarters

Plano hosts an unusual concentration of major headquarters — Toyota North America, JPMorgan Chase’s enormous Legacy West campus, Liberty Mutual, FedEx Office, and Frito-Lay/PepsiCo. Around those anchors sits a deep base of software firms, staffing companies, managed-service providers, and B2B vendors. These businesses use MCAs to cover payroll during a product sprint, bridge a contract signing to first payment, or fund a push ahead of closing a round. Milestone and subscription billing creates irregular deposits, pushing factor rates toward the higher end (1.30–1.45).

Restaurants, Bars, and Retail

Legacy West, the Shops at Legacy, and Downtown Plano support an upscale dining, bar, and retail economy. Operators use MCAs for equipment, build-outs, and event-season staffing. Steady daily card volume earns the lowest factor rates (1.15–1.25).

Healthcare and Professional Services

Practices across Collin County bridge 60–90 day insurance-reimbursement cycles, and the city’s deep professional-service base — legal, accounting, consulting, and agencies — uses MCAs to cover payroll between client invoices.

Construction and the Northern Suburbs

Subcontractors serving Plano, Frisco, McKinney, Allen, and Prosper cover materials and labor ahead of milestone payments. The main risk is stacking — combined daily holdback above 20% of deposits can create a cash crunch in a slow week.

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What Plano Businesses Typically Qualify For

Requirement	Typical Minimum
Monthly revenue	$10,000–$15,000 in consistent deposits
Time in business	4–6 months
Credit score	500+ (revenue history matters more)
Business bank account	Active, 3+ months of statements
Industry restrictions	Adult entertainment, cannabis, firearms, gambling typically excluded

Funding usually arrives in 24–72 hours. Most Plano businesses qualify for $25,000–$500,000, with technology and professional-service firms holding verifiable contract revenue often accessing more.

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Providers That Fund Plano Businesses

All providers below are in the site’s verified directory, with data sourced from published terms and reviewed in June 2026. All fund Texas businesses.

Provider	Advance Range	Min Credit	Speed	Best For
Fora Financial	$5K–$1.5M	500+	24–72 hrs	Large advances, restaurants, retail
Forward Financing	$5K–$500K	500+	24–48 hrs	Transparent terms, healthcare
Credibly	$5K–$600K	500+	2–3 days	Low credit, factor rates from 1.11
National Funding	$5K–$500K	None stated	Same day	Fast funding, established businesses
Kapitus	$50K–$5M	625+	3–5 days	Established businesses, larger amounts
Everest Business Funding	$5K–$2M	500+	1–2 days	Bad credit, high approval rate

Verify directly. Terms change. Confirm factor rates, holdback percentages, and all fees, and check whether any COJ clause appears — Texas HB 700 bans them, so their presence signals a non-compliant contract.

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Local Plano Funding Alternatives to Check First

North Texas SBDC (ntsbdc.org). Serves Collin County including Plano with free consulting and financing referrals. Start here before any MCA.

LiftFund (liftfund.com). A nonprofit CDFI lending $500–$1 million across Texas at rates well below MCA pricing, with a focus on women- and minority-owned businesses.

Accion Opportunity Fund (aofund.org). Loans for entrepreneurs without easy access to bank credit, at terms meaningfully below MCA pricing.

SBA Dallas-Fort Worth District Office. SBA 7(a) loans run 9.75–13.25% APR — a fraction of MCA cost — and SBA Express can fund in as little as 36 hours.

Plano and Collin County community banks and credit unions. Lines of credit at 8–15% APR for established businesses offer far cheaper, more flexible working capital than an MCA.

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Before You Sign: Plano MCA Checklist

1. Request the HB 700 written disclosure before paperwork is finalized. If the provider won’t produce it, walk away.
2. Check for a COJ clause. Any confession-of-judgment provision in a Texas MCA contract is void under HB 700 — and signals a non-compliant provider.
3. Calculate the APR yourself using the MCA calculator.
4. Verify the provider’s OCCC registration at occc.texas.gov before signing.
5. Compare three offers from the directory. A spread from 1.25 to 1.38 on a $75,000 advance is nearly $10,000 in extra cost.
6. Check the UCC-1 lien terms — a blanket lien on all assets complicates future bank or SBA financing.