Final Countdown: Just Days Left to Save Flexible Funding in Texas
On June 22, the clock hits zero.
That’s the final day Governor Greg Abbott can veto HB 700.
And if he doesn’t?
The damage is automatic.
The law takes effect—no override, no rollback, no recourse.
Let’s be clear: HB 700 isn’t a conversation anymore.
It’s a ticking bomb set to detonate on September 1st.
The only fuse left to cut is the governor’s signature.
If we miss this moment, small businesses across Texas will pay the price—literally.
❌ What HB 700 Really Means
This bill isn’t about helping entrepreneurs.
It’s about regulating them out of the options that kept their doors open when banks said no.
HB 700 introduces:
Forced cost disclosures that confuse more than they clarify
Onerous broker and provider registration that creates barriers, not trust
A ban on ACH debits and confessions of judgment unless secured by a first-priority lien—a condition most real-world deals don’t meet
Oh—and those bans?
They take effect immediately. No ramp-up. No grace.
Providers either comply or pull out of Texas.
That means fewer options.
Higher underwriting standards.
Slower funding—or no funding at all.
This is exactly what happened in New Jersey and Virginia.
Texas is about to repeat the same mistake.
🚫 It’s Not About “Bad Actors.” It’s About Bad Law.
We support fair disclosure.
We champion transparency.
But HB 700 doesn’t promote clarity—it weaponizes complexity.
It assumes every provider is predatory.
It punishes flexible finance structures that have helped thousands of Texas businesses cover payroll, buy inventory, or survive a bad quarter.
The penalties?
Up to $10,000 per violation.
The impact?
Even reputable funders will exit the state.
📉 This Is the Beginning of the End—Unless We Act
Most business owners haven’t heard of HB 700.
That’s by design. Bills like this move quietly. They rely on apathy.
But silence is compliance.
And if we do nothing, here’s what’s coming:
Fewer offers for working capital under $1M
Brokers and lenders backing out of the state
Copycat bills in Florida, Georgia, and beyond
A chilling effect on innovation in small business finance
If your business relies on fast, flexible capital, your options will shrink.
If you’re a broker or ISO? The compliance burden could bury your business.
🛠️ We’re Not Just Raising Awareness. We’re Building a Wall.
At Ulrich Jones & Associates, we’ve spent years helping Main Street secure real capital with transparent terms.
We don’t hide fees.
We don’t push paper just to stall deals.
We get businesses funded—because Texas runs on small business.
But this bill?
This bill threatens the entire system we’ve built.
It punishes adaptability. It blocks liquidity. It treats speed as a liability.
That’s why we’re leading the charge to stop it.
✊ This Is the Line in the Sand
Whether you’ve taken an MCA or avoided one…
Whether you’re a broker, a lender, or a business owner…
If you believe capital access matters, now’s the time to act.
This isn’t just about you.
It’s about your vendors, your payroll, your growth, your community.
We’ve got one shot left.
The petition is already live.
Every signature counts.
We’re sending it straight to the Governor’s office—daily.
If enough Texans speak up, we can push for a veto.
And if we don’t? We’re looking at a landscape where the only funding options are slow, rigid, and stacked against the little guy.
📣 Here’s What You Can Do (Right Now)
Sign the petition to veto HB 700
👉 UlrichJones.com/petitionShare this post with your network, especially Texas-based business owners
Bookmark June 22—and make sure we don’t let this slide quietly
Legislators don’t kill small business.
Indifference does.
If you’ve ever thought, “Someone should do something about this…”
You’re someone. This is something.
The Countdown Ends June 22.
That’s not a talking point. That’s the legal deadline.
Once it passes, HB 700 is law. No veto. No undo.
The only path forward is action before the deadline.
You’ve got the link. You’ve got the facts.
Now you’ve got a choice.
Sign. Share. Speak up.
Because after June 22, silence turns into statute.
Keywords: HB 700, Texas small business, petition, veto deadline, MCA regulation, Governor Abbott, small business finance, Ulrich Jones
