Chappaqua is a northern Westchester hamlet of 2,598 people, about 30 miles from New York City, with a Metro-North station at its center. Local owners rely on a small, loyal customer base and a few busy windows.
Apply Now →Chappaqua is a hamlet and census-designated place in the town of New Castle, in northern Westchester County, roughly 30 miles north of New York City. The 2020 census counted 2,598 residents. Quakers settled the area in the early 1730s, and it was the home of Horace Greeley, editor of the New-York Tribune; the local high school carries his name. The Metro-North Harlem Line station anchors the hamlet's center, and the Old Chappaqua Historic District around the Quaker meeting house is on the National Register of Historic Places.
With fewer than 3,000 residents in the hamlet itself, a Chappaqua business cannot survive on volume alone. It depends on three things:
The home-services group tends to be the one that needs working capital most often, because jobs are large and the cash comes in stages.
| Stage of a project | Cash out | Cash in |
|---|---|---|
| Design and permits | Fees, staff time | Deposit, if any |
| Materials ordered | Supplier invoices | Little |
| Crew on site | Weekly payroll | Progress payments, timing varies |
| Punch list and closeout | Final materials and labor | Final payment |
For illustration only: a landscape and masonry firm takes on three larger projects in spring. Each needs a round $20,000 in materials and labor before its first progress payment. The firm's order book is full, but its account is not. Working capital is how it keeps all three on schedule without turning any down.
The other group in town is the business with a physical location: a shop, a restaurant, a professional office. These owners tend to have fixed costs, such as rent and staff, that continue no matter how many customers walk in. They typically use funding for a defined improvement, a larger stock before the holiday season, new equipment or a second practitioner, rather than to fix a cash shortage.
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 a hamlet this size.
See Westchester County and Mid-Hudson for regional context, or start your application.
No. We review your business bank statements and credit, not the size of the hamlet.
Yes. Funding runs from $25,000 to $5,000,000.
No.
Yes, sole proprietors can apply.
A soft credit pull. FICO 500 and above is considered.
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
