Farmingville is a Brookhaven hamlet and the town seat. Its owners cover a lot of ground, with customers spread across the middle of Suffolk County.
Apply Now →Farmingville is a hamlet and census-designated place in the Town of Brookhaven, Suffolk County, with a 2020 census population of 14,983. It serves as the town seat of Brookhaven, the seat of the town government. For a business owner, that means regular traffic from residents, contractors and others who come through for permits, filings and meetings.
It also means that much of the area's commercial activity is designed around the car. A customer decides to drive to your shop, or drive to the next one.
For most tenants, rent is the most predictable expense. What varies is the flow of customers on a given day, which depends on weather, traffic and competition from the next shopping center. Owners therefore tend to run lean on staff and rely on loyal repeat customers.
A good request is attached to one job. A common example is a service company that wins a multi-site contract and needs new vehicles, tools and two extra technicians. Another is a retailer who wants to double a product line that is already selling. In each case the first dollar is spent weeks before the first dollar comes back, and the working-capital request should cover that interval with a reasonable margin.
Suffolk County owners often describe the same dilemma: they cannot take on more work without hiring, and they cannot hire without money to carry payroll until the new work pays. A new hire is a cost for several weeks before the hire is fully productive. If the hire brings in new revenue, the arrangement is worth it, but the weeks in between are the problem. Working capital covers that stretch, so the owner does not have to turn down work to protect cash.
Funding ranges from $25,000 to $5,000,000, with funding in as little as 24 hours for businesses that are approved. FICO 500+ is considered, about three months of business bank statements are reviewed and no tax returns are required. The application takes about five minutes and uses a soft credit pull. Sole proprietors can apply.
Read about Suffolk County and Long Island. Owners in Coram, Centereach and Central Islip use the same application.
Not for qualification, but it can mean steady weekday traffic. Your bank statements will show that.
That is fine. We review your deposits, not the geography of your customers.
Yes. Many trades need vehicles and equipment, and working capital can help with those costs.
No, tax returns are not required.
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
