Revenue based financing for Florida businesses
Merchant cash advance in Florida
Since 2024, Florida requires most merchant cash advance providers to disclose the total funds provided, total repayment, and total dollar cost before you sign. Florida does not require an APR, so it pays to know how to compare offers yourself.
How merchant cash advances work in Florida
A merchant cash advance works the same way in Florida as anywhere else: a funder buys a share of your future sales for a lump sum today. What changes by state is what the funder must tell you before you sign.
You receive funding up front and repay a fixed total amount through daily or weekly debits, or a percentage of card sales. Because an MCA is usually structured as a purchase of receivables rather than a loan, it is priced with a factor rate instead of an interest rate. See how factor rates and total cost work.
Florida is one of a growing number of states with its own commercial financing law. Knowing what that law requires helps you read an offer, spot missing information, and compare funders on equal terms.
Florida rules for merchant cash advances
| Rule | What it means for you |
|---|---|
| Law | Florida Commercial Financing Disclosure Law, Florida Statutes sections 559.961 to 559.9615 |
| Who it covers | Commercial financing providers, including accounts receivable purchase transactions such as merchant cash advances |
| Amount covered | Transactions of $500,000 or less |
| Common exemptions | Banks and their affiliates, transactions secured by real property, leases, licensed money transmitters, and providers with no more than five Florida transactions in 12 months |
| When you get it | At or before consummation (signing) |
| Effective | Transactions consummated on or after January 1, 2024 |
| Enforcement | Florida Attorney General only; fines of $500 per incident (up to $20,000 aggregated), higher after a prior notice; no private right of action |
Summary for general information; see the statute sections in the sources below.
What your offer must show you
Florida disclosures must show:
- The total funds provided
- The total funds disbursed, if less, which reveals fees withheld and amounts used to pay off prior balances
- The total amount to be paid to the provider
- The total dollar cost: the amount paid minus the funds provided
- The manner, frequency, and amount of payments, or how variable payments are calculated
- Whether there are costs or discounts for paying early
Unlike New York and California, Florida does not require an estimated APR. A shorter advance can look cheaper in dollars while costing far more per year, so convert offers yourself before comparing.
How to use the disclosure to compare offers
Because the Florida disclosure is in dollars, compare the amount you will actually receive, the total you will repay, and how long repayment takes. A fee withheld at funding does not appear in the total dollar cost line, so check the disbursed amount carefully.
| Disclosure line | Hypothetical offer |
|---|---|
| Funding amount (total financing) | $50,000 |
| Fee withheld at funding | $1,500 |
| Amount actually deposited (disbursement) | $48,500 |
| Total repayment (1.30 factor) | $65,000 |
| Payments | About $344 per business day for about 9 months |
| Total dollar cost (Florida definition) | $15,000 (total paid minus total funds provided) |
| Your real cost | $16,500, because $1,500 was withheld and never reached your account |
| Estimated APR (not required in Florida) | About 82% at this pace |
Hypothetical example for illustration only, not an offer.
Use the MCA calculator to turn any Florida offer into an estimated APR so you can compare it with a loan or another advance.
Typical MCA requirements for Florida businesses
State law sets disclosure rules, not approval rules. Funders weigh the same factors everywhere.
- Time in business: often 6+ months; some programs review from 3 to 4 months
- Monthly deposits: often $10,000+ in true business revenue
- Bank activity: regular deposits and few or no negative days or returned items
- Existing advances: disclosed, and not already taking a large share of deposits
- Credit: mid-600 profiles commonly considered; some files below 600 reviewed
Typical ranges, not promises; each funder sets its own minimums. See the full MCA requirements checklist and the document checklist.
Related guides and tools
Frequently asked questions
Q01Do merchant cash advances have to show an APR in Florida?
No. The Florida Commercial Financing Disclosure Law requires dollar-based disclosures (total funds provided, total paid, total dollar cost, and payment details) but not an APR. You can estimate one with an MCA calculator.
Q02What size of financing does Florida's disclosure law cover?
Commercial financing transactions of $500,000 or less, consummated on or after January 1, 2024, subject to the exemptions in Florida Statutes section 559.9612.
Q03Who enforces Florida's commercial financing disclosure law?
The Florida Attorney General has exclusive enforcement authority. The law does not create a private right of action, and a violation does not by itself make the financing agreement unenforceable.
Q04Why does the disbursed amount matter?
If fees are withheld or a prior balance is paid off, you receive less than the funding amount. Florida's total dollar cost line is based on the funds provided, so check the disbursed amount to see what actually reaches your account.
Q05What do I need to get a merchant cash advance in Florida?
Usually several months in business, steady monthly deposits, recent business bank statements, a photo ID, and a voided business check. Requirements vary by funder.
Q06Is SmallByzLoans a lender?
No. SmallByzLoans is a funding marketplace. We match you with funding providers, and the provider makes the decision and provides the required disclosures.
Sources and further reading
- Florida Statutes § 559.9612, scope, The Florida Legislature
- Florida Statutes § 559.9613, disclosures, The Florida Legislature
- Florida Statutes § 559.9615, enforcement, The Florida Legislature
- Business guidance for small businesses, Federal Trade Commission
Financial disclaimer: This page is general information about Florida law as of October 2026, not legal, financial, or tax advice. Laws and regulations change; confirm current requirements with the regulator or an attorney. SmallByzLoans is a funding marketplace, not a lender. Approval, amounts, and terms are set by each funding provider.
Compare MCA offers for your Florida business
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