This is a plain-English summary for business owners, not legal advice. Laws and regulations change. Check the statute and the regulator's guidance, or ask an attorney, before relying on it.
At a glance
| Law | Florida Commercial Financing Disclosure Law |
|---|---|
| Citation | Fla. Stat. §§ 559.961–559.9615 |
| Applies from | January 1, 2024 The law took effect July 1, 2023, and applies to transactions consummated on or after January 1, 2024. |
| Deal size covered | $500,000 or less |
| Products covered | Commercial financing transactions, including loans, merchant cash advances and factoring |
| Estimated APR required | No |
Key points
- Required disclosures include the total amount of funds provided and the amount actually disbursed if fees are deducted.
- Excluded: transactions over $500,000, real-property-secured financing, leases, purchase-money obligations and certain floor-plan financing.
- Depository institutions, licensed money transmitters and providers making no more than five transactions in Florida in 12 months are exempt.
What this means when you're comparing offers
Florida's disclosures give you the dollar figures but not an annual rate. That makes it hard to compare offers against a loan quoted with an interest rate, and a short, expensive offer can look cheap if you only see the finance charge.
You can fill the gap yourself. From the disclosure, take the amount disbursed (after fees), the total repayment and the payment schedule, and enter them in our merchant cash advance calculator (for factor-rate offers) or the loan comparison calculator (choose "Total amount to repay"). Both compute an estimated APR by the Regulation Z Appendix J actuarial method.
What a disclosure typically shows
The exact list varies by state and product, but commercial financing disclosures generally cover the total amount of financing, the amount actually disbursed after fees, the finance charge or total cost, the total repayment amount, and the payment amount and frequency. Check the statute cited above for Florida's precise requirements.
If an offer is covered and you weren't given a disclosure, ask for one before signing. If a provider refuses, treat it as a warning sign.
Other states
See all state commercial financing disclosure laws, including which require an APR and how deal-size limits compare.
Sources
- Buchalter, Florida Enacts Commercial Financing Disclosure Law, Mandatory Compliance Date January 1, 2024 (accessed 2026-09-26)
- Winston & Strawn, Florida Enacts Commercial Financing Disclosure Law (accessed 2026-09-26)
- Florida Statutes § 559.961 (Florida Senate) (accessed 2026-09-26)