Your UCC record in Florida
Funders file a UCC-1 financing statement with the Florida Secured Transaction Registry to put other creditors on notice. Search it by your exact legal business name. Lien position: a UCC filing names a secured party, not who gets paid first.
Levraq reads this registry: 1,192 filings naming a known MCA funder are on record, last read 2026-11-04. This is one state's registry, not national coverage. A matching filing shows on your Debt Pressure Report; no match is not proof that nothing was filed.
Commercial financing disclosure in Florida
Florida Statutes §§559.961–559.9615 (Florida Commercial Financing Disclosure Law, ch. 2023-290), effective transactions consummated on or after 2024-01-01: A provider must disclose at or before consummation the total funds provided, funds disbursed if less, total to be paid, total dollar cost, payment manner, frequency and amount, and any prepayment costs or discounts; the Attorney General enforces it. Threshold stated in the statute: transactions over $500,000 are exempt (§559.9612(7)). Source, checked 2026-11-04.
Confession of judgment in Florida
Florida Statutes §55.05: all powers of attorney for confessing or suffering judgment to pass by default or otherwise are null and void. Source, checked 2026-11-04.
Work the numbers
Two calculators that need nothing from any registry: the annualized cost of an advance, and the share of revenue going to remittances. The Debt Check combines both with what you report.
Total payback
$67,500
Advance × factor rate
Cost of the advance
$17,500
Payback minus advance
Simple annualized rate
71%
Cost ÷ advance × 365 ÷ term days. Not a compounded APR; the true cost of a daily-remittance advance is higher because the balance falls while the fee does not.
Average daily payment
$375
Payback ÷ term days
Monthly remittance
$9,450
Daily × 21 business days
Remittance-to-revenue
24%
Between 10% and 25%: Strained in the Debt Check rule.
Paid to advances per year
$113,400
At today's pace
UCC coverage is five states (CT, CO, OR, FL, CA) plus SEC filers; no match is not proof of no filing. Informational only, not legal or financial advice. Levraq is a diagnostic and referral service, not a lender, law firm or debt-settlement company. See about.
Run the Debt Check for a Florida business
