Invoice factoring in Florida: a local contact, a Miami office and the cost disclosure Florida law requires.
I'm based in West Palm Beach, and 1st Commercial Credit has a sales office on Brickell Avenue in Miami. If your Florida company invoices other businesses or the government and waits 30 to 90 days, factoring turns those invoices into cash. And since 2024, Florida law requires a written cost disclosure on factoring deals of $500,000 or less, before you sign.
Daniel Chirino · Business Development Officer, 1st Commercial Credit
Updated: October 29, 2026
- Since 20021st Commercial Credit
- 3,800+clients funded
- $5B+funded
- Direct fundernot a broker
- Every costin writing before you sign
1st Commercial Credit figures from its website, read October 29, 2026.
1st Commercial Credit in Florida
- Office: Brickell Avenue, Miami.
- Your contact: me, from West Palm Beach, in English or Spanish, from the first call to signing.
- Coverage: companies anywhere in Florida.
- For new staffing agencies: receivable-based lines for small funding needs, and asset-based lending for large agencies of up to $10 million.
If you'd rather go through every number in Spanish before signing in English, that's how I work: same contract, same costs, explained line by line in the language you think in.
Source: 1st Commercial Credit's locations and Florida pages, read October 29, 2026.
What 1st Commercial Credit funds in Florida
StaffingWeekly payroll
TruckingBrokers and shippers
ConstructionProgress billings
Distribution and wholesaleIncluding produce (PACA)
ManufacturingInvoices and orders
HealthcareMedicare, Medicaid, insurers
Other industries too: see all of them. Importing through a Florida port? See export and import financing.
Florida law: the disclosure you're owed before you sign
Since January 1, 2024, the Florida Commercial Financing Disclosure Law requires providers to give you a written disclosure, at or before signing, on commercial financing deals of $500,000 or less. Factoring is included: the law covers "accounts receivable purchase transactions".
Banks and their affiliates, deals over $500,000 and providers with five or fewer Florida deals a year are exempt.
- The total amount of funds provided.
- The amount actually disbursed, if fees or prior balances are taken out first.
- The total you'll pay the provider.
- The total dollar cost.
- How and when you pay, or how variable payments are calculated.
- Any cost or discount for paying early.
Brokers in Florida can't charge you an advance fee (except third-party application costs such as credit checks or appraisals), can't make false or misleading statements, and must show their address and phone number in their ads.
Source: Florida Statutes, sections 559.9611 to 559.9614 (2025), read October 29, 2026. This is general information, not legal advice.
Questions Florida owners ask me
Is there a factoring company with an office in Florida?
1st Commercial Credit has a sales office on Brickell Avenue in Miami, and I work from West Palm Beach.
What does a factoring company have to tell me in Florida?
On deals of $500,000 or less, a written disclosure before you sign: what you receive, what's withheld, what you pay in total, the total cost, the payment terms and any prepayment cost or discount.
Can a broker charge me a fee upfront?
Not in Florida. Brokers can't collect an advance fee, except third-party application costs such as a credit check.
Do you work with produce distributors?
Yes. 1st Commercial Credit has a produce program under PACA. See factoring for distributors and PACA.
Who are your Florida customers?
Tell me your industry and how long your customers take to pay. I'll tell you if factoring makes sense for your company.
Also read: how invoice factoring works · factoring in Texas · questions to ask before you sign