Since January 1, 2024, Florida law has required a commercial financing provider — the funder itself, not the broker — to give you a specific set of written disclosures at or before the time it extends an offer, whenever the financing is $500,000 or less and your business is directed or managed from Florida. This is the Commercial Financing Disclosure Law, Fla. Stat. §§ 559.9611–559.9615. It reaches sales-based financing (the purchase-of-future-receivables structure behind merchant cash advances and revenue-based financing), closed-end and open-end commercial financing, and factoring.
The disclosure has to show seven things, every one in actual dollars: total funds provided, total amount disbursed to you, total amount you'll repay, total dollar cost, the manner and frequency of payments, prepayment terms, and any collateral requirement. What it will not show is an APR. Florida isn't California or New York — no APR or estimated APR figure is required here. That doesn't make offers harder to compare. It means you compare them differently, and that's what the rest of this page walks through.
disclosure items a Florida provider must give you, in dollars, at or before the offer
Fla. Stat. §§ 559.9611–559.9615, effective January 1, 2024
General information about Florida law, not legal advice. Statutes get amended and this doesn't cover every fact pattern — for a specific transaction, talk to a Florida-licensed attorney before you sign.
The obligation sits with the provider — the funder extending the offer — not the broker. Florida law requires the provider to give you these disclosures in writing at or before the time it extends its offer. Seven items have to appear, each in real dollars:
| Required disclosure item | What it means for your bank account |
|---|---|
| Total amount of funds provided | The gross amount committed, before fees or deductions. |
| Total amount disbursed to you | What actually lands in your account — plan around this, not the headline number. |
| Total amount to be repaid | Every dollar you'll pay back, across the life of the financing. |
| Total dollar cost of the financing | The gap between what you receive and what you repay — the real price, in dollars. |
| Manner, frequency, and amount of each payment | How often money leaves your account and how much — daily, weekly, or a percentage of sales. |
| Prepayment terms, including any charges | Whether paying early lowers your cost, or the total is fixed regardless of timing. |
| Description of any collateral requirement | What's pledged against the financing, including any UCC lien. |
No. This trips up owners who've researched disclosure rules elsewhere and expect a rate. Florida's statute does not require a provider to disclose an APR or estimated APR on any product it covers, sales-based financing included.
California and New York went a different direction — both require an APR or estimated APR figure, even on sales-based products where no interest rate exists in the legal sense, so the figure can be used to compare across financing types. Florida left that requirement out. Your disclosure will be dense with dollar figures and no percentage rate anywhere.
| State | APR or estimated APR required on the disclosure? |
|---|---|
| Florida | No. The disclosure must show total dollar cost and payment terms; no APR or estimated APR figure is required. |
| California | Yes. State law requires an APR or estimated APR figure on the commercial financing disclosure. |
| New York | Yes. State law requires an APR or estimated APR figure alongside total repayment and finance charge. |
Skip the rate. Compare two numbers instead: total dollars repaid, and what the payment schedule does to your cash flow.
Total dollars repaid sits right on the disclosure — item four, added to the amount disbursed to you. That figure compares cleanly across same-size offers without needing to be estimated or annualized the way a rate would.
The second number is the payment-to-revenue ratio: what's remitted each day or week, divided by what your business brings in over that period. Illustrative example: a $50,000 total cost is a very different proposition at 8% of daily deposits than at 20%. The dollar figure tells you the price; the ratio tells you whether your business can carry it.
The law applies when both are true: the transaction is $500,000 or less, and the recipient's business is directed or managed from Florida. Four categories are covered: sales-based financing (the purchase-of-future-receivables structure behind merchant cash advances and revenue-based financing), closed-end and open-end commercial financing, and factoring.
Some transactions fall outside the law. In general terms, exemptions cover regulated financial institutions, transactions above $500,000, financing secured by real property, true leases, and certain lenders already licensed under other disclosure frameworks. Unsure whether a specific offer is covered? That's a question for Florida counsel, not a guess.
Not under Florida law. Section 559.9614 sets three specific rules for anyone acting as a commercial financing broker here. A broker may not:
Jon Lynch Financial Group complies with all three as a matter of course — nothing collected before a deal funds, and our business address and phone number appear in the footer below.
Florida's Office of Financial Regulation administers this law and can pursue civil penalties against a provider or broker that fails to disclose properly or violates the broker conduct rules. This page won't guess at specific figures — those depend on the facts of a given case. What matters to you: noncompliance is real regulatory exposure, which is exactly why the checklist below is worth running before you sign anything.
Ask for each of these in writing:
If they can't answer all five clearly, that's an answer too.
The form uses the statute's own language, which doesn't always translate intuitively:
Pause if you see any of these:
Any one of these runs contrary to §§ 559.9611–559.9614.
Know what you're signing before you sign it. We'll walk the disclosure with you and tell you plainly what the numbers mean for your business.
See your options →No credit pull to talk. Business-purpose financing only.
Under $20K a month in deposits? Most of what's above is priced for businesses doing $50K or more a month in deposits — that's the core of what we place. Funding doesn't stop below that line, though; the structure just changes. There's a program built for exactly your revenue level, and the same rule applies either way.
See what you qualify for →Handled through a funding partner. No upfront cost, and we're paid only if it funds.