Canarsie is a mostly residential Brooklyn neighborhood on Jamaica Bay. Its small retailers, contractors and service businesses live on local customers and on jobs that pay later than the work.
Apply Now →Canarsie is in southeastern Brooklyn. It is bordered by Fresh Creek Basin and East 108th Street on the east, Linden Boulevard on the north, Ralph Avenue on the west and Jamaica Bay on the south. The neighborhood began as a fishing community, became a popular summer resort in the late 19th and early 20th centuries and was later developed as a suburb. It has a large West Indian population, and the surrounding neighborhoods include East Flatbush, Flatlands, Bergen Beach, East New York and Brownsville.
Because the neighborhood is mostly residential, the business mix is practical. Small retail shops serve everyday needs; contractors, electricians, plumbers and handymen work on the homes; and service businesses such as barbershops, salons, auto care and tax and insurance offices serve the local base. Few of these businesses are visible from the outside as capital-hungry, but several have a common problem: payment arrives after the work.
For illustration only: a contractor wins two kitchen-and-bath jobs in the same month, each needing round $15,000 in materials and labor up front. The business is not struggling. It is succeeding, and its bank balance still dips below what it needs. That is a classic working-capital situation.
A small shop pays its supplier before it sells the product, and a salon pays for its station and chair before the new stylist builds a client list. Their gap is smaller per transaction but real over a quarter. An owner who stocks ahead for a busy season or adds a service to the menu commits cash upfront with only an expectation of revenue.
Owners in Canarsie often work alongside businesses in East Flatbush, Flatlands, Bergen Beach and East New York, which share customers and suppliers. A contractor may work across several of these neighborhoods in one week, and a shop owner may buy from the same wholesalers. The common thread is that the business is local and its customers pay on a local schedule, so the planning questions are practical: what is the purchase, when does it pay back, and what happens if a customer is late?
Funding runs from $25,000 to $5,000,000, funded in as little as 24 hours. The application takes about five minutes with a soft credit pull. We review about three months of business bank statements; no tax returns are required. FICO 500 and above is considered, and sole proprietors can apply, which fits the many owner-operators in the area. Start the application when you are ready.
Yes. Contractors and trades can apply; we review about three months of business bank statements and credit.
Yes. Sole proprietors can apply.
FICO 500 and above is considered.
No.
Funding runs from $25,000 to $5,000,000.
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
