Coralpoint Commercial Capital, a small-business funding service in Titusville, FL, arranges funding for accounting, architecture and engineering, computer systems and consulting firms in Brevard County, FL: lines of credit and working capital for payroll between milestones, and term loans for growth. A funding partner reviews each request and decides.
| Professional, scientific and technical employers (2023) | 2,061 in Brevard County, FL |
|---|---|
| Consulting firms | 477 |
| Architecture and engineering firms | 368 |
| Accounting and bookkeeping firms | 247 |
Space Coast professional firms in Census counts
Professional, scientific and technical services had more employer establishments than any other sector in Brevard County, FL in 2023: 2,061, with 21,438 employees and $2.01 billion in annual payroll (County Business Patterns 2023). Four groups stand out:
| Type | Employer establishments | Paid employees | Fewer than five employees |
|---|---|---|---|
| Consulting (management, scientific, technical) | 477 | 1,801 | 89.1% |
| Architectural, engineering and related | 368 | 9,967 | 61.1% |
| Computer systems design | 296 | 3,723 | 74.7% |
| Accounting, tax and bookkeeping | 247 | 1,097 | 76.5% |
Source: County Business Patterns 2023. Engineering firms are larger on average, about 27 employees each by our arithmetic, with payroll of roughly $100,795 per employee. Consulting firms are mostly very small. The county also had 2,477 consulting businesses without payroll in 2024 (Nonemployer Statistics 2024), counted separately.
Why firms that sell time run short
Payroll is a recurring cost for a professional firm. If clients pay on 30- to 60-day invoice terms and project work bills only at milestones, the firm carries salaries until the money arrives; a government or large-company client may take longer. A firm that wins a larger contract has to carry more salaries for longer before the first payment arrives.
Accounting firm loans and business loans for accountants on the Space Coast
An accounting firm whose work clusters around filing deadlines while salaries are paid every month may see uneven months; your own statements show whether yours does. A line of credit drawn in lighter months and repaid after collections can suit that pattern. Firms buying another practice's client list look at a term loan, reviewed on the seller's records.
Professional services business loans: matching the need
| Need | Structure |
|---|---|
| Payroll between milestone invoices | Line of credit |
| One large contract's start-up gap | Working capital |
| New office build-out or acquiring a practice | Term loan |
| Survey or IT equipment | Equipment financing |
A worked example, labeled hypothetical
An engineering firm adds two staff for a contract billed at milestones every 60 days. Their combined payroll is $14,200 a month, so about $28,400 goes out before the first milestone payment. A line sized to that gap is drawn and repaid each cycle. The figures are invented to show timing, not a typical request or offer.
The post on consulting and engineering firm cash flow in Brevard County, FL walks through this in more detail.
What partners review for professional services firms
- Business bank statements and accounts receivable aging
- Client contracts and billing terms
- How long the business has operated, and its yearly revenue
- For bigger requests, returns and full financial statements
Local help and related pages
The Space Coast small business resource directory lists organizations that advise firms in Brevard County, FL. Law firms have their own page: law firm funding. Local figures are on the Titusville, FL page.
Signs a line of credit could fit a firm
- Receivables are mostly from repeat clients who pay, if slowly
- Signed contracts cover the months ahead
- The operating account is separate from personal finances
- Payroll gaps repeat with each project rather than once
Law firms and other sectors are on the industries page.
By Coralpoint Commercial Capital · Updated