The Bronx has 1.47 million residents and thousands of neighborhood businesses that depend on vans, kitchens and shop gear. Owning, leasing or financing is a real decision.
Apply Now →The Bronx is the northernmost borough of New York City and the only one located primarily on the mainland, bordering Westchester County to the north. It had 1,472,654 residents in the 2020 census. The Bronx River divides a hillier west from a flatter east, and Jerome Avenue divides east and west street names. Open space, including the Bronx Zoo, the New York Botanical Garden and Pelham Bay Park, covers about a quarter of the borough, and Yankee Stadium draws crowds on game days.
The population is the product of many waves of immigration, from Europe and, later, from the Caribbean, West Africa and elsewhere. For business owners, it means a dense network of independent neighborhood businesses: grocers, bakeries, restaurants, barbershops, auto repair, trades and delivery services.
| Option | Strength | Watch for |
|---|---|---|
| Pay cash | No ongoing obligation | Drains working cash needed for payroll |
| Lease | Lower initial outlay, easy upgrades | You do not build ownership |
| Finance | You own the asset, payments spread over its use | Do not finance longer than it will last |
No option is best for everyone. For a bakery buying a deck oven the owner expects to use for ten years, financing and owning is often reasonable. For a delivery van that will be replaced in four, a shorter term matters more.
For each, the question is what the machine earns every day it works and what it costs when it does not.
For illustration only, with round numbers not our terms: a Bronx bakery buys a $30,000 oven. It supports $350 a day of sales it could not otherwise make, on 300 working days, so the oven helps earn about $105,000 of revenue a year. A month with the oven down costs $9,000 or more of sales. If the old oven failed three times in the last year, replacing it is not a luxury.
We fund $25,000 to $5,000,000, with funding in as little as 24 hours. FICO 500+ is considered, about three months of business bank statements are reviewed, and tax returns are not required. The five-minute application uses a soft credit pull, and sole proprietors can apply, which covers many single-owner shops. Apply now and describe the equipment.
Cash preserves flexibility but drains working capital. Leasing lowers initial outlay. Financing lets you own the asset while spreading its cost over its use.
No longer than the equipment is expected to last.
Describe it in your application; common examples are ovens, vans, shop machinery and clinic equipment.
Yes. Sole proprietors can apply, with FICO 500+ considered.
No. About three months of business bank statements.
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
