"Business loan" covers several different products. Here is how Bronx owners can sort out which one fits the problem in front of them, and what our review asks for.
Apply Now →Bronx business owners usually come to us with one of a few situations: a one-time cost (a truck, an oven, a buildout), a recurring cash gap (slow-paying customers, seasonal months), or a need for speed because something broke. Each of those points toward a different structure. Picking the product first and the problem second is how owners end up with funding that fits awkwardly.
| Product | Usually fits | Bronx example |
|---|---|---|
| Term loan | A defined, one-time investment | A Hunts Point distributor adding a second refrigerated truck |
| Line of credit | Recurring gaps of uncertain size | A trade contractor covering payroll between draws |
| Equipment financing | Machinery or vehicles | A laundromat replacing washers |
| Merchant cash advance | High card volume businesses | A Fordham Road restaurant with steady card sales |
| Working capital | General float and inventory | A Hub-area retailer stocking for the holidays |
The examples are illustrative, not descriptions of particular businesses.
A traditional bank or SBA loan often asks for years of tax returns, financial statements and collateral, and the process can take weeks or longer. That route can make sense when time is not a factor. Our process is shorter: a 5-minute application, a soft credit pull, and about three months of business bank statements. No tax returns are required. Funding ranges from $25,000 to $5,000,000, and approved files can be funded in as little as 24 hours.
We are not a bank. The trade-off for speed and lighter paperwork is something to weigh against your own timeline and costs.
Bronx businesses of most kinds can apply, including sole proprietors. FICO scores from 500 are considered, so an owner who had a difficult stretch is not automatically out. Our Bronx bad-credit page explains how files with weaker credit are looked at: the review leans on the deposits in your bank statements alongside the credit report.
Suppose a Bronx auto-repair shop needs a $35,000 lift and diagnostic setup and also wants $15,000 of breathing room for parts. One option is a $50,000 lump sum; another is equipment financing for the lift plus a line of credit for parts. Neither answer is universal. The lump sum is simpler to track; the split approach keeps the line available for the next parts order. Write down what the money is for and when it will start paying back in revenue, then pick the structure that matches. These figures are for illustration only.
Funding ranges from $25,000 to $5,000,000.
No tax returns are required. The review is based on about three months of business bank statements, the 5-minute application and a soft credit pull.
A one-time cost usually fits a term loan; recurring gaps usually fit a line. Compare our term loans and line of credit pages.
See our fast funding page for The Bronx. Approved files can be funded in as little as 24 hours.
Sole proprietors can apply.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
