Crown Heights stretches about two miles along Eastern Parkway in central Brooklyn. Its restaurants, salons and retailers serve a dense residential neighborhood on a few long commercial avenues.
Apply Now →Crown Heights is in the central part of Brooklyn, bounded by Washington Avenue to the west, Atlantic Avenue to the north, Ralph Avenue to the east and Empire Boulevard to the south. It is about one mile wide and two miles long. Neighboring areas include Prospect Heights, Flatbush, Prospect Lefferts Gardens, East Flatbush, Brownsville and Bedford-Stuyvesant. Its main thoroughfare is Eastern Parkway, a tree-lined boulevard designed by Frederick Law Olmsted in the late 1800s. The area was once called Crow Hill, and it became known as the heights after Crown Street was cut through in 1916.
A neighborhood two miles long has room for several different commercial districts, each with its own mix. Owners tend to be local, and customers know them. That has benefits, such as strong repeat business, and constraints, such as limited room to raise prices without losing loyalty.
A second shift means hiring and buying more food before the extra covers arrive. If the first month falls short, the payroll is already due.
Moving into a larger unit means a deposit, a buildout and new equipment while still paying for the old space until the lease ends.
Holiday inventory has to be paid for in the fall. The sales come in November and December, and some stock may remain in January.
For illustration only: a salon owner moving into a larger space estimates $55,000 for the buildout, chairs and first month of additional staff. The extra chairs will eventually earn more, but only after bookings fill. The owner could dip into the operating account, risking rent and supplier payments, or fund the move and keep the account stable. The round numbers here are not our terms or typical results. The point is the timing.
Owners along Eastern Parkway and the avenues around it often ask the same practical questions: how large a request is sensible, how fast the money would be available, and what the review looks at. The short answers are that the amount should match the purchase, funds can arrive in as little as 24 hours, and the review centers on business bank statements, not tax returns.
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. Begin the application whenever you are ready.
Owners in Bedford-Stuyvesant, Flatbush, Park Slope and Bay Ridge use the same process.
Yes. Sole proprietors and owner-operators can apply.
No tax returns are required.
About five minutes.
FICO 500 and above.
$25,000.
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
