Merchant cash advance · Florida
Merchant cash advance in Florida
Florida runs on small operators, from restaurants and hospitality on the coasts to construction crews building out one of the fastest growing states in the country. Seasonal tourism swings and hurricane rebuild cycles make cash flow lumpy, which is why revenue-based working capital gets heavy use here. Banks are selective on newer businesses, so alternative financing fills a real gap.
Clearwater places Florida files every week: $10K to $2M, sized off your real bank deposits, no hard credit pull to apply, offers typically inside a business day.
Florida's commercial financing disclosure law
Florida Commercial Financing Disclosure Law (HB 1353, 2023). Florida requires providers of commercial financing, including sales-based financing like merchant cash advances, to give a written disclosure showing the total funds provided, the total dollar cost of the financing, and the payment terms before closing. It covers transactions of $500,000 or less and applies to deals consummated on or after January 1, 2024. It also bars brokers from collecting advance fees, though it does not require an APR figure.
If you run a Florida business and take an offer of $500,000 or less, the funder owes you a written breakdown of what you get and what you pay back, and no broker should charge you a fee before funding. APR is not required on the form, so ask for the annualized cost anyway before you sign.
Either way, run any offer through our free repayment calculator before signing - total payback, daily payment, and an APR equivalent you can compare against loans.
What it takes to qualify
| Advance range | $10,000 - $2,000,000 |
| Typical sizing | 0.5x to 1.4x monthly bank deposits |
| Time in business | 6+ months |
| Credit | Cash flow weighs more - scores from 450 workable |
| To apply | No hard credit pull. 4 months of statements + month to date |
Florida funding questions
Does Florida have a merchant cash advance disclosure law?
Yes. The Florida Commercial Financing Disclosure Law, passed as HB 1353 in 2023, applies to commercial financing of $500,000 or less consummated on or after January 1, 2024. Funders must give you a written disclosure of the total funds provided, the total dollar cost, and the payment terms before you sign.
Can a broker charge me an upfront fee in Florida?
No. Florida law prohibits commercial financing brokers from collecting advance fees. If someone asks you to pay before your deal funds, that is a red flag, walk away and report it.
Will the disclosure show me an APR in Florida?
Not necessarily. Unlike California and New York, Florida does not require an annualized rate on the disclosure. You will see total cost in dollars, which is useful, but ask the funder or your broker to spell out the annualized cost so you can compare offers apples to apples.
See your number, not a sales pitch
Two minutes, no hard credit pull, sized off your real deposits.
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