Merchant Cash Advances » Florist Business Advance

Florist Business Funding

Florist business owner holds flowers and credit card for payment

By Richard Wilson

Last Updated on

Estimated read time: 7 minutes

The US floriculture market is growing fast. It’s expected to go from $52.13 billion in 2024 to $70.89 billion by 2029 reported by Mordor Intelligence. Also, there is an increase in florist shops in the US – 33,420 in 2024, according to IBISWorld. This growth means it’s a really good time to be in the flower business.

If you own a flower shop and need money to get more flowers, make your wedding florist services better, or buy special tools for making flower designs, MCashAdvance has a quick way to help you. 

We give loans to flower businesses from $5,000 to $900,000 to help your flower business grow. We help all kinds of flower businesses, like flower shops, wedding florists, flower designers, and plant nurseries.

Getting a loan from a bank can be hard and take a long time. It can take weeks or months, you need a lot of paperwork, and they usually only say yes to businesses with really good credit.

But getting funding from MCashAdvance is much easier. We don’t need a lot of paperwork or documentation to support your funding request, you can get the money fast (in 1 to 3 days), and it’s okay if you don’t have great credit. We don’t do a big credit check, so asking for a loan won’t hurt your credit score.

Get a Florist Loan Alternative Now

MCA Feature Offer Details
MCA Amounts: $5,000 – $900,000
Factor Rate: 1.1 – 1.5
Holdback 10 – 25%
Repay In: 3 – 18 months
Funding Time: 1 – 3 days

Applying is easy, free, and won’t impact your credit score.

Get the florist financing you need today.

What is a Florist Merchant Cash Advance?

A florist cash advance is a type of merchant cash advance (MCA) created for florist businesses, including flower shops, wedding florists, floral designers, and plant nurseries.

Your florist business sells a portion of its revenue to MCashAdvance in exchange for an upfront lump sum of funds called a cash advance.

In exchange, we will deduct a small percentage of your daily sales revenue until the advance is fully repaid.

Emergency Funding for Florist Businesses

In the floral industry, unexpected financial needs can arise, whether it’s due to seasonal fluctuations, inventory requirements, or unforeseen expenses. A florist business cash advance offers a quick and flexible financial solution, often available within 24 hours to 3 days, and can be used for any florist-related need.

Florist Financing for Any Purpose

Here are 16 common ways a cash advance can be utilized in your Florist:

  1. Upgrade Floral Design Equipment: Invest in advanced tools and equipment for more intricate and diverse floral designs.
  2. Expand Flower Inventory: Broaden your range of flowers and plants to attract a wider customer base.
  3. Enhance Refrigeration Systems: Upgrade your cooling systems to keep flowers fresher for longer.
  4. Renovate Retail Space: Redesign your shop for a more inviting and visually appealing customer experience.
  5. Develop an Online Ordering System: Create or improve your online presence for easier customer access and increased sales.
  6. Invest in Marketing and Advertising: Boost your brand visibility through targeted marketing campaigns.
  7. Host Floral Arrangement Workshops: Organize workshops or classes to engage with the community and attract new customers.
  8. Implement Eco-Friendly Practices: Transition to sustainable and eco-friendly packaging and practices.
  9. Purchase a Delivery Vehicle: Acquire a reliable vehicle for efficient flower delivery services.
  10. Attend Floral Trade Shows: Participate in industry events to network and stay updated with trends.
  11. Expand Wedding and Event Services: Invest in materials and marketing for wedding and event floral services.
  12. Hire Additional Staff: Bring in more employees during peak seasons for better customer service.
  13. Create Seasonal Displays: Fund the creation of seasonal or holiday-themed floral arrangements and displays.
  14. Improve Storage and Workspace Areas: Enhance your storage and preparation areas for better workflow and efficiency.
  15. Invest in Specialty Flowers and Plants: Add rare or exotic flowers to your inventory for a unique market niche.
  16. Community Engagement and Partnerships: Engage in local community events or form partnerships with local businesses for mutual promotion.
Florist business owner conversing with customer in flower shop.

Flower Grower Advance Example

Let’s say you need a $70,000 florist merchant cash advance to buy low horsepower tractor and irrigation equipment for your flower growing business. If you are approved for $70,000 and receive a funding offer of a factor rate of 1.1 and a daily credit card holdback rate of 10%, your total repayment amount will be $77,000, which means you’ll be paying $7,000 in fees.

Advance Amount$70,000
Factor Rate1.1
Avg Monthly Credit Card Sales$40,000
Holdback Percentage10% of Daily Credit Card Sales
Daily Credit Card Sales$1,333.33 (approximately)
Daily Payment Amount$133.33 (approximately)
Repayment Term (in days)Approximately 525 days
Repayment Term (in months)Approximately 17.5 months
Total Repaid$70,000 (Advance Amount) + $7,000 (Fees) = $77,000

Garden and Floral Center Funding Eligibility

To be eligible for funding from MCashAdvance you must meet these 5 criteria:

  1. Your garden center must have been operational for at least 6 months
  2. Your plant nursery or garden shop should be generating a minimum of $100,000 per year in revenue
  3. As the garden center owner, your personal FICO score needs to be 550 or higher
  4. Your gardening business must utilize a business checking account
  5. You, as the garden center proprietor, must be over 18 years of age and a U.S. citizen

How to Get a Florist Advance from MCashAdvance

To get an advance for your florist business from MCashAdvance, follow these 5 steps:

Step 1: Begin Online Application: Click Apply for an MCA to begin.

Step 2: Fill in Your Details: Provide information about your florist business and personal details as the owner of the business.

Step 3: Submit Bank Statements: Upload the last three months’ bank statements of your florist business.

Step 4: Await Review Process: Our underwriters will review your cash advance application to determine funding eligibility.

Step 5: Receive Offer and Funding: Once you get a funding offer, review it. If it suits your business needs, accept it, sign the MCA agreement and the funds will be deposited into your business account

Get a Florist Business Advance Now

or learn more about MCA loans

Florist Funding FAQs

Can florists get an SBA loan?

Yes, florists can potentially qualify for SBA loans, with options like the SBA 7(a) Loan, SBA Microloan, and SBA Express Loan being available to provide financial support for their specific business needs.

Can florists get invoice financing loans?

Invoice financing loans are typically not readily available to most florists due to their limited invoice volume. However, there is a notable exception – if a florist conducts substantial business-to-business transactions, issuing invoices for bulk flower orders, they may meet the eligibility criteria for invoice financing.

Do banks lend to florists?

Banks typically require florists to have at least two years in operation, a FICO credit score of 680 or higher, three years of cash flow records, and a clear business plan detailing fund usage. Meeting these criteria increases the likelihood of banks approving a loan for your florist business. If you can’t meet the minimum criteria for bank funding, consider applying for an advance from a lender with more favorable eligibility criteria.

How does florist equipment financing work?

Florists can purchase equipment like refrigeration units and use the refrigeration units as collateral to secure financing. At MCashAdvance, you can acquire refrigeration units using our advances without having to use the equipment as collateral.

Can florists get business lines of credit?

Yes, florists can obtain a business line of credit from most lenders if they meet certain florist-related qualifications. These typically include maintaining a FICO credit score of 660 or higher, having at least one year of experience in the florist industry, and consistently generating monthly revenue exceeding $5,000 as a florist.

How long does it take to pay off a floral business advance?

The time to pay off a floral business advance varies, typically ranging from 3 to 18 months, depending on the advance amount, the percentage you agree to repay each day in credit card sales, and the volume of credit card sale transactions processed by your flower business each day.

What happens if my floral credit card sales increase and I pay off my MCA early?

If you pay off your Merchant Cash Advance (MCA) early due to increased sales, you may save on future fees or interest, as MCAs often have a factor rate rather than a traditional interest rate.

What happens if my floral sales decline?

If your floral sales decrease while repaying the advance, the repayment period will extend, but this is acceptable. This flexibility is a key advantage of a florist advance with MCashAdvance. We understand that sales can fluctuate, and we will continue to collect the pre-agreed percentage, even on days or periods when sales are lower. So when sales are low, repayments are less.

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