Typical funding range
$10,000 – $200,000 — that's the band most cleaning services in Florida fall into. Deals smaller than $10K are uncommon (the math rarely works for the funder). Deals over $250K typically require stronger profiles or collateral.
What funders look for
- Most funders require 12+ months operating
- Monthly revenue floor: $15,000
- Credit scores 600+ get A-paper terms; 550+ workable
- Commercial AR timing — provide signed contracts as supplementary income proof; payroll burden ratio is the key underwriting question
What to bring to the application
The faster you can ship these to a funder, the faster you close. Most underwriting decisions for cleaning services in Florida happen in 2–4 hours once docs are complete.
- Last 3-6 months of business bank statements
- Voided business check
- Driver's license for the majority owner
- Industry-specific documentation (licensing, certifications) if applicable
The math
A typical cleaning services deal in Florida lands at a factor rate between 1.25 and 1.42. On a $50,000 advance at 1.32, you'd repay $66,000 over 9–12 months — about $260–$305/day in ACH. Our factor rate calculator lets you plug in your own numbers.
Frequently asked questions
- Should a Florida cleaner use MCA or factor commercial AR?
- Factoring almost always wins for commercial cleaning AR. If commercial clients (office buildings, property managers, medical facilities) pay net-30 or net-60, factoring at 1.5-3% per invoice beats MCA at 1.30+ factor by 10-15x in cost. The commercial client is the creditworthy obligor. Greenbox offers factoring.
- How does W-2 payroll burden affect MCA underwriting?
- Cleaning is one of the most labor-intensive small businesses — payroll often runs 60-70% of revenue. Generalist MCA underwriters look at gross revenue and quote high advances; actual capacity to service daily ACH is constrained by post-payroll cash. Daily ACH must be set against post-payroll cash, not gross.
- Can a Florida cleaning startup under 6 months get funded?
- Limited but possible. Accord, Greenbox's 2-stip program, and smaller specialty MCA shops will fund newer operators with 3-6 months of statements. Expect higher factor rates (1.40-1.50).