Greenpoint is Brooklyn's northernmost neighborhood, where a Polish-American community, makers and restaurants sit near a long-industrial waterfront.
Apply Now →Greenpoint is the northernmost neighborhood in Brooklyn. It is bordered on the southwest by Williamsburg, on the north by Newtown Creek and Long Island City in Queens, and on the west by the East River. The neighborhood has a large Polish immigrant and Polish-American community, with many Polish restaurants, markets and businesses, and is often called Little Poland.
Greenpoint began as farmland. Its residential core was built on parcels divided during the Industrial Revolution and the late 19th century, with rope factories and lumber yards lining the East River and the northeastern section along Newtown Creek becoming an industrial maritime area. It has long held a reputation as a working-class, immigrant neighborhood.
That layered history is still visible. Old industrial buildings hold workshops, newer shops fill former storefronts, and long-standing family businesses sit beside recent arrivals. Each has a different cash cycle but the same fixed monthly bills.
A workshop buys materials weeks before a product ships. Orders may be large, but payment can arrive 30 to 60 days after delivery. Equipment is costly and often specialized.
Rent, labor and food costs come first and sales follow. The neighborhood's long-standing food businesses compete with newer ones, so keeping equipment current matters.
Shops depend on foot traffic, and foot traffic depends on weather, events and construction. Inventory ties up cash.
Say a small manufacturer with a Greenpoint workshop receives a $90,000 order from a retailer that pays 45 days after delivery. Materials cost $35,000 and a temporary crew costs $15,000 over the first month. The order is profitable, but the owner is out $50,000 for a month and a half. Round figures like these are illustrative and not our terms. The point is that the cash need appears well before the revenue, and a working-capital advance is designed to fill that interval.
Owners with workshops or yards near the water, along Newtown Creek or the East River, often deal with expenses that inland shops do not: deliveries by truck through crowded streets, storage costs, and equipment that works in demanding conditions. Equipment that runs hard wears out sooner and costs more to replace. Planning for replacement before failure keeps production running and avoids paying rush prices.
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, which covers many individual makers and studio owners.
Owners in Williamsburg, Bushwick and Bedford-Stuyvesant use the same application.
Yes. Slow customer payments are a common reason owners use working capital.
No. A business bank account and about three months of statements are the main requirements.
Yes. Sole proprietors can apply.
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
