MCA debt relief for Miami,Fort Lauderdale, andthe rest of South Florida.
Anchor Resolve is based in Miami and works with merchant cash advance owners in Miami-Dade, Broward, Palm Beach, and across the United States. The process is the same everywhere: a free consultation and position review, program documents with every fee in them, and a servicing partner’s negotiation team working with your funders directly. Results vary.
Key points
- Anchor Resolve’s office is in Miami, and it works with businesses across Miami-Dade, Broward, and Palm Beach counties.
- Florida’s commercial financing disclosure law applies to transactions consummated on or after January 1, 2024.
- The Florida law excludes transactions over $500,000, and only the Attorney General enforces it.
- Most of the work happens by phone, text, and e-signature; in-person meetings are by appointment.
Where is Anchor Resolve, and who does it work with?
Anchor Resolve LLC is based in Miami, Florida, and works with small business owners in Miami-Dade, Broward, and Palm Beach counties and across the United States. Most of the process happens by phone, text, and email, which suits an owner who cannot take an afternoon off. When sitting across a desk would help, you are welcome at the office by appointment.
Services are offered only where we may lawfully provide them. During your first call we confirm whether we can work with a business in your state.
What does Florida law say about merchant cash advance disclosures?
Florida’s Commercial Financing Disclosure Law, part XIII of chapter 559 of the Florida Statutes (sections 559.961 to 559.9615), took effect July 1, 2023, and applies to commercial financing transactions consummated on or after January 1, 2024. It requires a covered provider to give the business a written disclosure of the financing’s terms. The statute defines a commercial financing transaction to include an accounts receivable purchase, the form a merchant cash advance takes.
The law has limits. It does not apply to a transaction of more than $500,000, or to a provider that consummates no more than five commercial financing transactions in the state in a 12-month period. The Attorney General alone enforces it, a business has no private right of action under it, and a violation does not by itself affect the enforceability or validity of the underlying transaction. Fines are $500 per incident, up to $20,000 in total, rising to $1,000 per incident, up to $50,000, after written notice of a prior violation.
If your advance was signed in 2024 or later and you never received a written disclosure of its terms, that is worth knowing. Whether the law covered your transaction is a question for a licensed attorney in your state. Our guide to MCA disclosure laws by state compares this law with the others.
What does the process look like for a South Florida business?
It is the same everywhere. A free consultation and position review map every advance, draft, and lien against your real deposits. If you go ahead, you sign one set of program documents with every term and fee in them, and a servicing partner’s negotiation team works with your funders directly while you sign each new agreement yourself. The program fee is set out in your program agreement. Anchor Resolve is compensated by the servicing partner from that fee. You do not pay Anchor Resolve separately.
Anchor Resolve does not negotiate with funders, does not hold client funds, and is not a law firm. If you have been served with a lawsuit, talk to a licensed attorney in your state right away. The full process, step by step and the MCA debt relief overview cover the rest, and the guides for restaurants, trucking, construction, and medical practices cover the industries where owners most often find us. Results vary. No outcome is guaranteed.
South Florida cities, one page each
- Miami
Importers and freight forwarders, restaurants between seasons, high-rise subcontractors, and Health District practices.
- Fort Lauderdale
The marine calendar, Las Olas hospitality, and the trucks that serve Port Everglades.
- Hollywood
Broadwalk businesses by season, downtown Hollywood around Young Circle, and port trucking.
- West Palm Beach
The winter season on Clematis Street, renovation contractors waiting on draws, and practices waiting on insurers.
- Hialeah
Small manufacturers and distributors, family shops that run on cards, and local delivery fleets.
Common questions
Does Anchor Resolve have an office in Miami?
Yes. Anchor Resolve LLC has an office in Miami, and the full address is on the contact page. Most of the process happens by phone, text, and email, and you are welcome at the office by appointment. The number is (561) 397-9829.
Does Anchor Resolve only work with businesses in South Florida?
No. Anchor Resolve works with small business owners across the United States, where it may lawfully provide services. During the first call we confirm whether we can work with a business in your state. Distance from a funder is normal in this market, because most contracts already name an out-of-state forum.
Does Florida law require a merchant cash advance provider to disclose the terms?
Often, for transactions consummated on or after January 1, 2024. Florida’s Commercial Financing Disclosure Law, sections 559.961 to 559.9615 of the Florida Statutes, requires a covered provider to give a written disclosure. It excludes transactions over $500,000 and providers with five or fewer transactions in the state in 12 months. A licensed attorney can tell you whether it covers yours.
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Based in Miami. Working with owners across South Florida.
Most of the work happens by phone, text, and e-signature. The office is open by appointment if you would rather sit across a desk.
Free consultation. Fees explained in writing before any agreement.
Keeping your business afloat starts with one call.