Small Business Loans Florida

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Why A Florida Small Business Loan Could Be Crucial To Your Company’s Future

Operating a business in the vibrant State of Florida presents many opportunities and challenges. Known for its thriving tourism industry, diverse economy, and favorable business climate, Florida attracts entrepreneurs from various sectors. However, navigating the unique business challenges in the Sunshine State is crucial.

From the need to adapt to fluctuating tourism patterns and intense competition to managing the impact of severe weather events (which can lead to a business disaster) and complying with specific regulations, businesses in Florida face a dynamic landscape. Nonetheless, with its strategic location, talented workforce, and pro-business policies, Florida offers immense potential for growth and success for those who can effectively tackle these challenges.

Florida small businesses can choose from a wide range of business loan options from Florida financial institutions. The Tallahassee office of the Florida Department of State administers a number of these programs, and private sources, like Sunwise Capital, are an option for business finance in the sunshine state.

These business loan options include SBA loans, invoice factoring, lines of credit, and other available loans to Florida-eligible businesses seeking to take advantage of opportunities.

According to WalletHub, Florida is the fourth-best state in the country to start a business. Floridians will respectfully disagree.

Jacksonville, Tampa, Orlando, and Miami-Dade are just a few examples of thriving and expanding cities in the Southeast that attract small business owners from various industries.

So many traditional financing lenders and online lenders are interested in funding businesses in Florida as a result. South Florida is experiencing an explosion of financial services companies moving their headquarters to Palm Beach and Miami.

Florida facts

Understanding Businesses in Florida

At Sunwise Capital, we deeply understand the challenges and opportunities businesses face in the dynamic landscape of Florida. With years of experience operating in the state, we recognize the unique factors that shape the business environment, from the seasonal nature of certain industries to the importance of adapting to the preferences of both residents and tourists.

We understand the diverse needs of businesses across different sectors, whether it’s financing for expansion, managing cash flow, or capitalizing on growth opportunities. Our personalized approach to lending ensures that we provide tailored solutions to address the specific requirements of businesses in Florida. With Sunwise Capital as your trusted partner, you can leverage our expertise to confidently navigate the Florida market and propel your business to new heights.

Why Do Florida Companies Need Business Loans?

Does a small business loan make sense for your Florida company? Are you looking to invest in a new employee, piece of equipment, or office space? Whether for business expansion or business expenses, loans to businesses are available.

Florida’s status as a diverse state presents both opportunities and challenges for entrepreneurs and businesses. With a rapidly growing population and a mix of industries ranging from tourism and hospitality to technology and agriculture, Florida offers a diverse market that requires businesses to adapt and cater to various customer segments.

However, this diversity also brings unique challenges, such as understanding and meeting the specific needs and preferences of different demographics, navigating language and cultural differences, and staying ahead of the ever-evolving market trends. Additionally, the competitive landscape in Florida can be intense, requiring businesses to differentiate themselves and consistently deliver high-quality products or services. Despite these challenges, Florida’s vibrant economy, beautiful weather, favorable tax environment, and access to a talented workforce make it an enticing place for entrepreneurs willing to embrace diversity and overcome obstacles to achieve long-term success.

How We Can Help Florida Companies

Maintaining a profitable business in Florida presents several specific challenges, primarily related to the costs associated with operations. From high commercial rents and property taxes to increased insurance premiums due to the state’s vulnerability to natural disasters, businesses in Florida face substantial financial burdens. Additionally, industries heavily reliant on seasonal tourism must contend with fluctuating customer demand and revenue patterns.

The competitive landscape adds another challenge: businesses must invest in marketing and innovation to stay ahead. Business loans play a vital role in helping Florida companies overcome these hurdles by providing the necessary capital to cover operational expenses, expand marketing efforts, invest in technology and infrastructure, and maintain healthy cash flow. At Sunwise Capital, we understand the unique cost challenges faced by businesses in Florida and offer flexible financing solutions that support their profitability and long-term success.

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What Are the Requirements for a Florida Small Business Loan and How Do I Get One?

Sunwise Capital is an online alternative lender that offers alternative lending solutions to owners in Florida. We help companies grow and expand, offering business financing solutions with highly competitive interest rates and generous repayment terms as a primary source of funding. You can access affordable capital to meet your daily cash flow needs.

Sunwise Capital’s bare-bones minimum eligibility requirements are:

  • 6 months in operation
  • Fico score 500+
  • Monthly revenue $12,500+
  • Average daily cash balance of at least $1,000
  • One-page application
  • 3 months business bank statements
  • Minimum loan size $10,000
  • Repayment terms; daily, weekly, and monthly payment
  • Competitive business loan rates
  • Business loan decision and funding same day or next

Why Choose Sunwise Capital For Your Florida Company?

Learn how Florida-based entrepreneurs are getting the funding solution they need to fund their companies, despite recent substantial economic injury due to local and global economics.

The U.S. Small Business Administration Office of Advocacy states that 98.9% or 2.3 million enterprises in Florida are small businesses. These State of Florida small companies employ 3.1 million individuals or just over 43% of the workforce.

Sunwise Capital provides access to capital to those businesses through multiple business loans programs and customized repayment plans.

When it comes to financing your Florida company, Sunwise Capital is an attractive source. We bring a wealth of experience and expertise in supporting businesses across the state. By choosing Sunwise Capital, you can access flexible financing solutions for Florida companies tailored to your unique needs and goals. Our fast and efficient application process ensures you receive the funding you need in as little as 24 hours.

We prioritize personalized service, providing expert guidance and support throughout the lending journey. Take the next step in growing your Florida business and partner with Sunwise Capital. Contact us today to discuss your financing needs and unlock the financial resources that will propel your company to new heights of success. Don’t wait—act now to secure the funding you deserve with Sunwise Capital by your side.

We provide eligible companies with a financing option to help Florida’s economy.

From Palm Beach, Ft. Lauderdale, Miami-Dade County, and the Keys in South Florida to Tampa, Tallahassee, Orlando, and Jacksonville in North Florida, Florida entrepreneurship is booming.

Our one-page loan application and same-day approvals mean borrowers can get their loan proceeds in 24 hours or less.

Best Small Business Loans Available to Florida Companies

The best small business loan provides your company with the funds it requires when it is needed. It should be inexpensive and contribute to the company’s continued growth. It should, of course, be one for which you are qualified. The following are some of the top Florida loan options:

Small Business Administration (SBA) Loans

Loans through the SBA provide small companies with attractive rates and terms. Sunwise Capital works directly with SBA lenders. These relationships enable us to help guide you through the myriad of choices and help you secure the best and lowest rates, terms, and loan guarantees. We are not limited to just Florida banks.

These commercial loans are financing options, including the Commercial Real Estate Loans through the Small Business Administration program, the SBA 7a Loan Program (SBA microloans), and the SBA 504 program.

The 7(a) programs offered by the SBA provide working capital and financing for companies purchasing equipment, inventory, or are looking to grow and expand.

Microloans offered by the Small Business Administration have a maximum loan amount of $50,000. This SBA product provides money for inventory, hard assets, or working capital.

The funding option is not a bridge loan program. The SBA offers a pilot program designed as a bridge loan (and we can help you with the bridge loan application).
You can also check out America’s SBDCS (Small Business Development Center).

The 504 loans typically require the purchase of a fixed asset, and these assets are either property or materials. Look for these SBA to partner with the CDC or Community Development Companies and banks.

The SBA application and documentation process can be lengthy.

You must have:

  • a strong track record and
  • be prepared to supply at least three years of both individual and business tax returns,
  • balance sheets,
  • profit and loss statements, and
  • a personal guarantee by all owners.

The starting interest rate for SBA loans is currently in the mid-single digits. However, your FICO score must reflect a 680 or better.


Less than 7 Years vs. More Than 7 years

Up to $25,000 Base Rate + 4.25% vs. Base Rate + 4.75%
$25,000-$50,000 Base Rate + 3.25% vs. Base Rate + 3.75%
$50,000 or more Base Rate + 2.25% vs. Base Rate + 2.75%

Sunwise Capital provides hands-on customer service to help guide you and navigate every step of the process.
We work directly with SBA banks to offer a pre-qualification for SBA loans in five minutes with funding in five to ten days. We do not have the same restrictions as your local bank or Florida credit union.

Florida loan ranges from $50,000 to $5M for real estate acquisition with terms of up to 25 years.

Are you renting? As a small business owner, why not invest real estate into a commercial property and take the savings to grow your business?

Let us put our SBA team to work for you.

Additional Business Loans

Merchant Cash Advances

A merchant cash advance is possible if you own a business that takes credit or debit cards. The MCA lender will give you a business cash advance against future sales based on your existing sales history with this financing. It’s not the cheapest way to borrow money, but being approved is often fast and straightforward. This option is best for those with credit challenges

Invoice Factoring

Do you send invoices to other companies? You can obtain the funds you require through invoice financing or invoice factoring. Those invoices will be a significant source of qualification in both circumstances. Although the lender may perform a credit check, a good credit score is usually optional for this type of funding.

Equipment Loans

If you need to buy or upgrade company equipment, consider equipment financing or equipment leasing options. If you own the equipment outright, you can receive finance using it as security. This form of financing might help you keep your cash flow while providing the tools you need to expand.

The benefit of this type of financing is that it allows you to purchase what you need without using existing working capital. The difference between buying and leasing is the owner of the equipment.

You would buy over a lease because of the tax advantages in Section 179 Tax Deduction (talk to your tax advisor or CPA) and improving your score with timely monthly payments.

Leasing offers some of the same advantages as well. The similarities and differences are similar to buying or leasing your car?

Speak to a tax professional to help decide the best option for you.

Do you qualify for Equipment Financing?

  • Time in business requirement – none
  • Incorporated – yes
  • Fico Score – 600+
  • Down payment – little to none

Established businesses looking for less than $150K

  • Time in business requirement – 2+ years
  • Fico Score – 600+
  • Down payment – little to none

Established businesses looking for $150K+

  • Time in business requirement – 2+ years
  • Fico Score – 675+
  • Down payment – little to none

What industries benefit from this type of financing?

Auto Repair
Beauty & Wellness
Business Services
Cleaning Services
Food Trucks
Gardening & Landscaping
Gym & Fitness
Healthcare & Medical
HVAC Plumbing

Business Term Loan

Your Florida small businesses can take advantage of our BEST standard loan. Our loan options, with competitive rates and loan terms, including short-term loans, are designed for various purposes and company expenses.

If you do not qualify for SBA financing or bank lines, you can look at a Sunwise Capital business loan.

We are one of the few small business lenders guaranteeing that we will have the lowest rates. Our underwriting decisions and funding can be as fast as a few hours.
Our term loan amounts can range from $10,000 to $2M. Well-qualified Florida companies can receive up to $5 million.

Our term loans range from 3 to 18 months. This loan is ideal for inventory purchases, new employees, marketing, or advertising expenses.

A longer-term loan with a more robust application reflecting a solid financial history qualifying for two years is available. This loan makes more sense if you consider more significant projects, business acquisitions, or expansion.

Our unsecured lines are perfect for those with a FICO score above 700.

Can you get a Florida business loan with a bad credit score?

Many businesses in Florida fail to qualify for a business loan from a local bank or credit union.

Whether you are a fledgling enterprise on the cusp of explosive growth or a well-established company, alternative lenders like Sunwise Capital are ready to help you with the capital to fuel your growth with affordable business financing.

Are you able to? If so, do you meet the absolute minimum financial qualifications?

Next is your time in operation. Have you been running with an established business bank account for at least six months? If so, you meet the next minimum qualification.

Lastly, do you have a FICO score of at least 500 or better? It would be best to have no open bankruptcies, and any liens over $175,000 require a payment plan.

Unsecured Business Lines of Credit.

This small business financing is ideal, especially for startup loans for small businesses. The minimum requirement for approval for a business line is a strong personal FICO and a score of 700 or better.

That’s it – no time in business, no annual revenue. You must demonstrate personal income to support the loan payments.

The application process is easy, and funds are usually available within a month.

Loan amounts range from $20,000 to $200K. This revolving line comes in from business credit card(s).

The LOC has a starting interest rate often as low as 0% for the first 6 – 12 months. If you are a startup, this is probably your best, if not the only option.

Florida Small Businesses Can Get the Best Rates on Local Loans

Small company loans, particularly for Florida-based enterprises, are scarce. State governments provide most state-specific small business loan programs, and Florida’s state government primarily offers business financial aid through small business tax credits.

A small business loan might mean getting funds to invest in that employee, equipment, or new location you’ve been dreaming about for years.

There are three small business loan choices in Florida for you to consider:

  • Enterprise Florida Microfinance Guarantee Program– Enterprise Florida, Inc.’s Microfinance Guarantee Program provides loan guarantees for small enterprises in Florida. You fulfill the primary conditions of this program if your small business has 25 or fewer employees and yearly revenue of $1,5 million or less in the previous two years.You could get a small company loan from $50,000 to $250,000 with a guarantee of up to 50% of the loan amount if you qualify for a business loan from a participating lender.
  • Florida Black Business Loan Program– The Black Business Loan Program is a good alternative if you need money for your Florida-based businesses. Loans are available to black business owners based in Florida through this program. These Florida small company loans can range from $2,500 to $75,000, with loans up to $150,000 available in certain circumstances. However, the program doesn’t specify what those circumstances are.
  • SSBCI Loan Participation– Florida SSBCI Loan Participation, also known as the Florida Small Business Loan Support Program, provides loans and loan participation to lenders and CDFIs that offer loans to Florida small businesses.
  • These loans are often available in quantities ranging from $250,000 to $5 million, with payback lengths of five years. The SSBCI Loan considers participants case-by-case basis for loans of less than $250,000.
  • Businesses in Florida with fewer than seven hundred and fifty employees would be eligible to receive funding under this program to cover initial costs, ongoing operating costs, franchise fees, capital expenditures (such as computers and office furniture), and stock and inventory needs.

How can I get a business grant in Florida to start a business?

The notable difference between a business loan and a grant is that the loan is repaid over a set period, including principal, interest, and fees.

Small business grants provide you with capital without paying back the funds.

The idea of “FREE” money is very appealing. Getting grant money is HARD. According to the SBA, “Most small businesses do not qualify for government grants,”

You will need a business plan to start. You should seek business assistance if you need help.

Nonprofits, state and local governments are the conduits for grant opportunities.

Minority Business and Women Small Business Loans in Florida
Over one-third of these Florida firms are minority-owned small businesses.

Women business owners represent about 8 percent of those companies. Women entrepreneurs should check out women’s business centers.

Sunwise Capital, as a woman-owned business, provides loans for women.

An organization called Enterprise Florida, Inc. associates and partners with organizations to help secure funding options.

Enterprise Florida was born and created by The State Small Business Credit Initiative (SSBCI) through the Small Business Jobs Act of 2010 (the “Act”).

The goal is to help a small business secure the funding necessary for startup costs, cash flow financing, fees associated with franchises, machinery or tools, and inventory.

This program can even assist with an owner-occupied commercial building or facility.

Your ability to meet their conditions will ensure success with the program.

Small Business Loans in Florida for Vets
Both minority-owned businesses and veteran-owned businesses are about 9 % and 12 %, respectively.

The minority and veteran entrepreneur populations are critical to Florida’s business startup and economic development.

The Florida SBDC is a business resource for all company owners (from startups to existing businesses).

They state they are “the only statewide provider of entrepreneurial and business development services.” The Florida SBDC Network plays a vital role in Florida’s economic development by assisting entrepreneurs in every stage of the business “lifecycle.”

The top industries in Florida include healthcare, construction, manufacturing, transportation accommodation (tourism industry), international trade, and food services (restaurants, etc.).

Veterans in Florida can look for an SBA loan. The business or the SBA Express loan development project for Vets provides small business lending under the SBA Express program.

Seventy-three percent of all the SBA loans to veterans are for $350,000 or less.

To meet the qualifications as a veteran-owned company, 51% owned or controlled by:
Veterans (other than dishonorably discharged); Service-Disabled Veterans; Active Duty Military service members participating in the military’s Transition Assistance Program (TAP); Reservists and National Guard Members; or Current spouse of any Veteran, Active Duty service member, or any Reservist or National Guard member; or Widowed spouse of a service member who died while in service or of a service-connected disability.

Although applications are not currently accepted, veterans should look to the Veterans Business Fund as an alternative to the SBA loan.

Find out today why we provide the best loan program and funding to companies in Florida.


Aside from the limited Florida commercial programs the state government offers, several Florida small business financing programs can help small enterprises in the state.

The Florida state government offers venture capital and tax credit alternatives if you’re willing to go beyond small company loans for financial assistance.
Beyond the Florida small business loan choices we highlighted, here are some other programs to consider for your small business:

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