MCA Qualification Requirements: Florida
500+
Personal FICO Score
$10,000+
Monthly Revenue
6 months
Min Time in Business
Active FL
Business Bank Account
No open
Bankruptcy
3 to 6 months
Bank Statements
Florida Industries T.A.G. Funds
Restaurants and Hospitality
Equipment, remodel, payroll, tourism-season capital
Construction and Roofing
Storm restoration, materials, crew expansion, permitting
HVAC and Air Conditioning
Equipment, fleet expansion, summer peak capital
Healthcare: Private Practice
Medical equipment, insurance AR gap, expansion
Retail and Boutiques
Inventory, marketing, seasonal working capital
Transportation and Logistics
Truck acquisition, fuel, freight float, dispatch expansion
Auto Repair and Dealerships
Equipment, inventory, working capital
Marine and Boat Services
Parts inventory, equipment, boat financing bridge
Florida Cities We Fund
Miami
Tampa
Orlando
Jacksonville
Fort Lauderdale
St. Petersburg
Hialeah
Tallahassee
Port St. Lucie
Cape Coral
Fort Myers
Hollywood
Gainesville
Pembroke Pines
Miramar
Coral Springs
Clearwater
Palm Bay
Pompano Beach
Boca Raton
Sarasota
West Palm Beach
MCA vs. Florida Bank Loan
| Factor | MCA (T.A.G.) | Florida Bank Loan |
|---|---|---|
| Funding speed | Provider-Set | 30 to 60 days |
| Min credit score | 500 FICO | 650+ FICO |
| Collateral | None | Real estate or assets |
| Time in business | 6 months | 2+ years typically |
| Repayment structure | % of daily revenue | Fixed monthly payment |
| Approval rate | High (revenue-based) | ~43% rejection rate (Fed Reserve) |
Florida has no state income tax and a business-friendly regulatory environment: but Florida banks still apply conservative underwriting, especially for industries with seasonal revenue (restaurants, tourism, construction). MCA works particularly well for Florida's seasonal businesses because the flexible repayment automatically scales with revenue peaks and valleys.
Florida Hurricane Season: Working Capital During Storm Recovery
Florida businesses regularly face storm-related disruptions that create urgent capital needs: repairs, inventory replacement, temporary closure losses, and recovery costs. An MCA can fund storm recovery costs, with timing set by the funding provider, when insurance claims are pending and traditional lending is too slow. Many Florida contractors and restoration businesses rely on MCA to mobilize crews immediately after major storm events.
Frequently Asked Questions
- How do I get a merchant cash advance in Florida?
- Apply online at T.A.G. in under 10 minutes. Submit 6 consecutive months of Florida business bank statements. Receive an offer, with review timing set by the funding provider. Sign the agreement electronically. Funds arrive in your Florida bank account. Requirements: 500+ personal FICO, $4,000 to $6,000+/month revenue, 6+ months in business, active FL business bank account, no open bankruptcy.
- Are merchant cash advances legal in Florida?
- Yes: MCAs are legal in Florida. Florida HB 1353 requires total-cost-of-capital disclosure, effective 2023/2024, for financing of $500,000 or less. MCAs are classified as purchase agreements for future receivables (not loans) and are therefore not subject to Florida's usury laws, but are still subject to HB 1353 disclosure. Florida is one of the most MCA-friendly regulatory environments in the U.S., with many major MCA industry participants headquartered in South Florida.
- What Florida businesses qualify for a merchant cash advance?
- Most Florida businesses with consistent monthly revenue qualify. Common Florida industries funded by T.A.G.: restaurants and hospitality, construction and roofing, HVAC and air conditioning, healthcare practices, auto repair, retail, trucking, and marine businesses. Requirements: 500+ FICO, $4,000 to $6,000+/month revenue, 6+ months in business, no open bankruptcy. Florida's seasonal businesses (tourism-dependent, construction) benefit particularly from MCA's flexible repayment that scales with revenue.