Forest Hills pairs a busy shopping street with a lot of medical and dental offices. The mix means two very different cash cycles on the same blocks.
Apply Now →Forest Hills is a neighborhood in central Queens, adjacent to Corona on the north, Rego Park and Glendale to the west, Forest Park to the south, Kew Gardens to the southeast and Flushing Meadows-Corona Park and Kew Gardens Hills to the east. It was originally called Whitepot. The current name comes from the Cord Meyer Development Company, which bought 660 acres in 1906. The widening of Queens Boulevard and the opening of the Queens Boulevard subway line brought later growth in the 1920s and 1930s.
The neighborhood has a long association with tennis: Forest Hills Stadium hosted the U.S. Open from 1915 through 1977, and the West Side Tennis Club still offers grass courts to members. The main commercial street, Austin Street, is full of restaurants and chain stores.
Their problem is fixed rent against variable sales. Revenue follows foot traffic, and foot traffic follows weather and season. Inventory purchases come first, sales come later.
Their problem is delayed receivables. A practice delivers care today and waits weeks for insurers to pay. Meanwhile staff, rent and lab bills are due on schedule, and a new imaging unit or dental chair can cost more than a month of deposits.
For illustration only and not our terms: a dental practice buys a $60,000 piece of equipment to add a service. The patients it brings in will pay over the following months, but the invoice is due now. A working-capital advance can fund the purchase while the practice builds the volume that pays for it. The question to ask beforehand is how many appointments per month the new equipment must add before the monthly cost is covered.
A well-known commercial street draws customers, but it also draws rent. Owners on a busy avenue pay for the foot traffic whether or not each day turns out busy. When a slow stretch arrives, such as a rainy week or a stretch of construction, the rent is the same. A short-term cash cushion can make the difference between paying rent on time and falling behind with a landlord who has other tenants waiting.
Funding runs from $25,000 to $5,000,000, with funding in as little as 24 hours for businesses that are approved. We consider FICO 500+ and review about three months of business bank statements; tax returns are not required. The application takes about five minutes and uses a soft credit pull. Sole proprietors can apply, including solo practitioners.
Owners in nearby Elmhurst, Jackson Heights, Woodside and Ridgewood use the same application.
Yes. Sole proprietors can apply.
No. Location on a specific street is not a qualification.
Work out how many extra appointments per month the equipment must add, compare to your recent deposits, and request an amount that fits.
Yes. The five-minute application uses a soft credit pull.
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
