Garden City is a village of about 23,000 in central Nassau County. Its businesses serve a professional, office-oriented daytime population as much as residents.
Apply Now →Garden City is a village in Nassau County, with a population of 23,272 in the 2020 census. Mineola is the Nassau County seat. A village like this often has a different economy from a typical suburb, because its daytime population includes people who work in the area as well as people who live there. That daytime population supports lunch spots, professional services, medical offices, retail and personal care.
The pattern is predictable on weekdays and quieter on weekends, which affects the way owners staff, stock and spend.
If your firm sells to other businesses, your customers' payment habits matter as much as your own sales. A client that pays promptly is worth more than one that orders more but pays slowly, and the difference shows up in your bank balance.
If your invoices go to businesses, not consumers, you may be waiting 30 to 60 days for payment while your own bills come due sooner. That is the most common reason a profitable professional-service business needs working capital.
Say a small staffing or consulting firm in the village lands a contract that requires hiring three people immediately. Payroll will run for a month before the first invoice is sent and for another month before payment arrives. The client is reliable and the contract is sound, but the owner is carrying two months of payroll. For illustration, that might be $50,000. These figures are round and are not our terms. The request should cover the carry period with some margin, since payments often arrive later than promised.
If you invoice other businesses, list your open invoices by age: current, 30 days, 60 days and older. The older they are, the more cash is tied up. Working capital can free you from waiting on a slow payer, but it is also worth following up on the oldest invoices at the same time. Owners who do both end up needing a smaller amount and carrying it for a shorter period.
We fund from $25,000 to $5,000,000, and approved businesses can be funded 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 application takes about five minutes and uses a soft credit pull. Sole proprietors can apply, including independent consultants.
For more, see Nassau County and Long Island. Owners in Hicksville, East Meadow and Uniondale use the same application.
Yes. Many businesses use working capital to carry payroll between work and payment.
No. We review your business bank statements and credit profile.
Three months of bank statements will show your weekday-heavy deposits.
Yes. Sole proprietors can apply.
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
