Fulton County is a small Mohawk Valley county with Gloversville and Johnstown as its main cities and the southern Adirondacks in its northern half. Main-street owners here run lean.
Apply Now →Fulton County is in central New York, northwest of Albany, and forms part of the Mohawk Valley region. Johnstown is the county seat; Gloversville is the largest city. Roughly 58 percent of the county lies within the boundaries of Adirondack Park, in its southern Adirondack mountains. The county covers about 530 square miles, and its neighbors are Hamilton to the north, Saratoga to the east, Montgomery to the south and Herkimer to the west.
Gloversville's name points to its history: the glove-making trade was once central to local employment. That history is now background, and today's business community is a mix of small retailers, restaurants, tradespeople, manufacturers and seasonal operations that serve visitors to the lakes and the mountains to the north.
In a county of this size, an independent owner often has no backup. If the one delivery van breaks down or the one cook leaves, the business is stuck. Margins are tight, and cash cushions are thin. That is exactly the environment in which a timing gap can become a serious problem.
For illustration only: a small fabricator takes an order that requires $32,000 of materials and two weeks of overtime. The customer pays 45 days after delivery. The shop is profitable on the order, but until payment arrives the owner has to pay suppliers and workers out of an account that normally holds about three weeks of expenses. A funded gap, sized to the materials and overtime, lets the shop accept the order without leaving payroll at risk.
The same shape of problem appears at a gift shop that wants to stock up for a busy season, or a lakeside business that has to rebuild a dock before summer.
We fund $25,000 to $5,000,000, and funds can arrive in as little as 24 hours after you complete the process. We review about three months of business bank statements. We do not require tax returns. The credit check at application is a soft pull, and FICO 500 or above is considered. The application takes about five minutes, and sole proprietors can apply.
For an owner who is also the cook, the driver and the bookkeeper, a short form is part of the point.
Before applying, write down the one cost that is causing the gap and the date it comes due. Then estimate when the revenue linked to it will arrive, and request an amount that fits that window with a little margin. If your last three months of statements include an unusual month, such as a storm or a late customer, note it. Straightforward explanations help.
In a place where one business might be the only choice in its trade for twenty miles, a closure hurts customers and neighbors, and owners feel that responsibility. That is part of why they hesitate to ask for outside help until a problem is serious. A better habit is to look ahead a quarter at a time: which large bills are coming, which large customers might pay late, and what the account will look like in the worst week. When the answer is uncomfortable, that is usually the right moment to apply, and the process takes about five minutes.
Yes. The review focuses on about three months of business bank statements and a request between $25,000 and $5,000,000.
Seasonal businesses can apply; recent statements show the lead-up to your busy period.
Sole proprietors can apply.
No.
No. The application uses a soft credit pull, and FICO 500 or 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
