How to Structure a Merchant Cash Advance Agreement in Florida Without Triggering Usury Laws
Florida does not set a statutory “usury cap” on a true Merchant Cash Advance (MCA) because a properly structured MCA is a purchase of receivables—not a loan. But if the agreement functions like a loan with a guaranteed repayment and fixed term, Florida’s civil usury (generally 18%/25% thresholds depending on amount) and criminal usury (45%+) […]