Gloversville was once the center of American glovemaking. Today its owners work in a smaller economy with the same habit of making things and fixing things.
Apply Now →Gloversville is a city in the Mohawk Valley region of Upstate New York and the most populous city in Fulton County. It was once the hub of the United States glovemaking industry, with more than 200 manufacturers there and in the adjacent city of Johnstown. The 2020 census counted 15,131 residents.
A town with a manufacturing heritage tends to retain a hands-on business culture: workshops, small fabricators, repair and trade businesses. Many of today's owners are carrying on skills that were built around the old industry.
The city's name is a reminder that local businesses here have always sold something made or fixed by hand. That is a durable model, but it is also one that needs steady cash for materials and labor ahead of each sale.
In a city of this size, the customer base is limited and the money moving through it is modest. That makes cash-flow timing even more important. A single late payment from a larger customer can be a significant share of a month's income. A single equipment failure is a bigger shock than it would be in a large metro.
Say a small manufacturer lands an order that requires $45,000 of materials and one extra worker for two months, and the customer pays 45 days after delivery. The work is real, but the cash need arrives a month and a half before the payment. These figures are round and are not our terms. The question for the owner is whether the order margin covers the cost of carrying it, and the answer is usually clearer once the dates are written down.
Every small manufacturer or contractor has a customer who pays slowest. If that customer is also your largest, the timing gap is built into the business. List your top three customers and the number of days each typically takes to pay. If the slowest is also the biggest, your working-capital need is predictable, and you can request an amount that covers that known gap with a margin for surprises.
We fund from $25,000 to $5,000,000, and businesses that are approved can be funded in as little as 24 hours. FICO 500+ is considered. We review about three months of business bank statements and do not require tax returns. The application takes about five minutes and uses a soft credit pull. Sole proprietors can apply.
See Fulton County and the Mohawk Valley. Johnstown owners use the same application.
Yes. We review business bank statements and credit; the type of business is not a barrier.
No. Your business's deposits and credit profile are what we review.
Slow-paying customers are a common reason owners use working capital.
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
