Rapid Enterprise, a division of Rapid Finance, a US provider of factoring and ABL solutions, to support the growth and success of small businesses, announced the availability of its SMB Disclosure Service, a standalone Software-as-a-Service (SaaS) Regtech module, to support business lenders and financing companies in complying with New York’s new commercial transaction disclosure requirements.
“In response, we have created the SMB Disclosure Service to empower New York’s small business lenders and commercial financing companies with the necessary tools to efficiently generate compliant disclosure statements while meeting the financing needs of their customers.”