Florida small business owners like you require funding options that push your business forward and create growth opportunities. Every small company has a unique story accompanied by individual needs for loans or other funding solutions that fit them best. We offer small business loans and short-term cash flow options that businesses throughout the state of Florida, including the major metropolitan areas of Miami, Tallahassee, Orlando, Jacksonville, and many other regions can take advantage of. Whether you’re looking to update your business with renovations or require some working capital loans — AdvancePoint Capital is here to help.

How to Get a Business Loan in Florida

Traditional avenues for funding can be a headache for small businesses like yours to obtain, especially if you’ve run into credit issues or have limited time in business. If you’re worried about the bank’s final decision or you’ve faced denial before, you may be looking for an alternative lending solution that you can turn to. We offer a wide selection of loans and other options that you can utilize to obtain cash for your business.

Long Term Small Business Loans in Florida

Florida businesses looking for a funding solution similar to a traditional bank loan can find immense success with business term loans. With a business term loan, you’re able to get a fixed amount of upfront capital at a fixed cost — coupled with a fixed term and payment.

  • $10,000 – $1,000,000
  • All credit types are considered 
  • Fast processing time 
  • 1-5 year repayment plan

Business Line of Credit in Florida

A business line of credit operates similarly to a business credit card in that it allows small business owners like you to draw money from a line when it’s needed. Draw money up to the business line of credit’s limit and pay interest on your outstanding balance with AdvancePoint Capital. 

  • $10,000 – $1,000,000
  • Credit scores above 500
  • Speedy processing time 
  • Revolving repayment 

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Short Term Small Business Loans in Florida

Short term small business loans are an excellent solution for businesses with poor credit histories or limited time in business. With a term length of around 6-18 months, this business funding option is excellent for small businesses throughout Florida. 

  • $10,000 – $1,000,000
  • Substandard, mid-prime, to subprime credit scores are considered
  • Processed in as little as one day 
  • 6-18 month repayment 

Are you a Florida business owner who finds traditional loan options limiting and are struggling to find a successful solution? We offer alternative lending solutions to help you meet your goals. Get a quote today.

Merchant Cash Advance in Florida

Florida small businesses that receive the majority of their revenue from credit card and debit card sales can take advantage of a merchant cash advance. This flexible cash advance option allows you to leverage your monthly cash flow and make repayments with future sales. 

  • $10,000 – $1,000,000
  • Poor credit considered  
  • Processed in as little as 24 hours  
  • Flexible repayment options

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Equipment Financing in Florida

An equipment financing option gives Florida small business owners the choice of using equipment purchases as collateral for instant cash flow. Healthcare industries, restaurant operators, and other small businesses that use expensive equipment are ideal candidates for equipment loans. 

  • $10,000 – $1,000,000
  • All types of credit considered 
  • Processed in as little as two days 
  • 1-5 year repayment

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Small Business Administration (SBA) Loans

The Small Business Administration (SBA) is a Federal government agency that provides programs, guidelines, and loan guarantees to approved lenders for business SBA loans. The Small Business Administration loan is a government-backed small business loan; however, the Small Business Administration (SBA) is not a lender and merely provides a guarantee that gives approved lenders the ability to take on the risk of business lending with attractive rates and terms that could not normally be afforded to small businesses. Without the Small Business Administration (SBA) present to provide guarantees, the approved lender would not be comfortable lending under the terms outlined by SBA. The Small Business Administration’s (SBA) small business loans are very popular, but difficult to acquire due to the requirements, guidelines, and restrictions. AdvancePoint Capital can help guide Florida small businesses on how to get funding for a business through the SBA loan process in a clear, fast, and efficient manner to have the best likely hood of approval.

Small Business Administration (SBA) Loan Programs That Can Benefit Small Business in Florida

SBA Standard 7 (a) loan program- SBA standard 7(a) loan is the SBA’s primary program is designed to provide financial assistance to small businesses. The terms and conditions, like the guaranty percentage and loan amount, may vary by the type of loans to small businesses.

SBA 504 Loan Program- The SBA 504 Loan is a powerful economic development loan program that will provide small businesses another avenue for business financing while promoting business growth and job creation. The use of proceeds from SBA 504 Loans must be used for fixed assets such as construction, real estate, land, or land improvements (and certain soft costs) or can also be used to refinance existing debt. (Real Estate collateral may be required to get approved)

SBA Paycheck Protection Program (PPP) loan program-The Small Business Administration (SBA) has established the SBA Paycheck Protection Program that will provide SBA loans to small businesses affected by the COVID-19 crisis and need financial help.

For more information about the SBA loan program and SBA loans specifically, contact AdvancePoint Capital for details.

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Invoice Factoring in Florida

Also known as invoice financing, this type of lending allows you to leverage outstanding invoices your business has acquired to obtain advances in a day. Invoices typically take 30, 60, or 90 days to get paid. For businesses that need cash fast and can’t wait until they are paid for work, this is a great financing option. Invoice financing (factoring) are not loans but advances off of invoices.

  • $10,000 to $1,000,000
  • All credit types considered
  • Processed in as little as two days
  • Revolving repayment

U.S. Small Business Administration

How to Grow Your Business in North Florida
View the North Florida Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.

U.S. (SBA) U.S. Small Business Administration North Florida District Office

How to Grow Your Business in South Florida
View the South Florida Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.

U.S. (SBA) U.S. Small Business Administration South Florida District Office

Why Does Your Florida Business Need a Loan?

Before you dive into the first funding option that makes itself available, it’s essential to take the time and understand the exact reason for the financing. Let’s explore some popular reasons why small businesses like yours need cash flow.

Working capital is perhaps the most popular springboard for business loans or advances. Every day, every month, or even every quarter, progress is continuously shifting and some additional funding may be needed. Infrastructure growth or scaling can lead to some serious cash needs. A new office space or some new additions to your current space may require a financing solution that fits your Florida business. Marketing can take some serious capital, and a business loan may be the best way to manage marketing spend effectively. Florida businesses with crowded markets need to stand out, and marketing is the best route. Equipment can be a costly endeavor, and getting business funding that works with you instead of against you can be a challenge. We offer equipment loans and lease options that fit your needs.

After you’ve determined the underlying reason for why you need a loan for a business, it’s time to look at a few more factors:

  • How much do you need? 
  • Understand your business cash flow 
  • What is your budget?

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How to Qualify For a Business Loan in Florida

Depending on what type of business loan you’re trying to obtain, three main factors could determine whether or not you qualify for funding. Some of these factors could hold more weight than others, but that all comes down to what type of small business funding you’re going for. 

  • Credit score 
  • How you have been in business 
  • Financial statements such as business bank statements, profit and loss statements, or business and personal tax returns

Which Loan Is Right for Your Florida Business?

If you’re a Florida small business owner and you’re looking for a funding solution to help you succeed, you’re in the right place. While there’s not a universal solution for business loans, there are several options that you can take advantage of for the best possible value. 

The two most significant considerations when choosing which small business loan is right for you are the costs and repayment plans. You want to make sure these two factors are working with you and, most importantly, that you can pay back your business funding. If you’re worried that you may not be able to keep up with payments, it’s likely not a good fit. There are several business loan options available, so finding the right one may just take some guidance. 

Here at AdvancePoint Capital, we have the experience and wide selection of alternative lending solutions to help you make the right choice. We’ve been a trusted source for business loans throughout the state of Florida and can help you discover a financing option that helps you meet your goals.

Additional Help, Resources, Assistance, Information, and Local Support Centers for Businesses in Florida

U.S. Small Business Administration (SBA South Florida District Office) Loan Program:

This SBA loan resource will provide information, resources, and answers to the following questions: 

  • What do you need a business loan for?
  • How much do you need?
  • Will your Florida small business be veteran-owned? If so, check out the SBA loans for Veterans called the Veterans Advantage Guaranteed Loans. 
  • Are you a woman-owned business?
  • Are you a minority-owned business?
  • Will your business be in a rural area?
  • What are the terms of an SBA program?

With the economy being negatively impacted by Florida owned companies due to the Coronavirus COVID-19 crisis, Florida State government in Tallahassee has activated the following services to assist small businesses in the access of capital and how to get loans for companies. Please visit the following website (s) or contact AdvancePoint Capital for more information and apply for our various loans and other financing products.

Florida Department of Economic Opportunity – COVID-19 Resources for Florida Employers, Individuals, and Communities

Florida Department of Economic Opportunity – Small Business Loan Program 

Rebuild Florida Business Loan Fund

Florida Small Business Bridge Loan Program

Rural Community Development Revolving Loan Program

MicroFinance Guarantee Program

Black Business Loan Program

ProsperUSA

Want to Know How to Get a Loan for Your Florida Small Business?
Start With This Online Form

Applying for a loan with AdvancePoint Capital is as simple as a 1, 2, 3, 4 process. Start with this online form, then fill out the short application page, wait a few hours for decisions, and then fund!

AdvancePoint Capital provides an easy business loan experience. Our Florida customers and commercial partners love the fast, streamlined process and high approval rates that come from working with us. We have provided our service to Florida for years providing the top search results for all your finance needs. All credit scores are considered.

AdvancePoint Capital

The fast, convenient, and straightforward way to get the money you need for your business – now!
Get your Quote Today by filling out our simple form.

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* All loans made by either WebBank, an FDIC-insured Utah industrial bank, or Bank of the Internet Federal Bank, an FDIC-insured federally chartered thrift located in California. In connection with the loans, the Banks' underwriting conditions and terms apply.