18 Minutes Read
California Business Entity Verification: What Alternative Lenders Need to Know
California represents the largest state market for alternative business lending in the United States, with over 4.2 million active business entities registered with the California Secretary of State as of 2024. For alternative lenders, California verification presents a unique challenge that no other state shares: a dual-agency suspension system where both the Franchise Tax Board (FTB) and Secretary of State (SOS) can independently suspend an entity's powers.