Herkimer County is larger than Rhode Island, with the Mohawk River in its south and the Adirondacks in its north. Herkimer diamonds and old factory towns shape its business history.
Apply Now →Herkimer County is in central New York, northwest of Albany and east of Syracuse. It is part of the Utica–Rome metropolitan area, and the Mohawk River crosses its southern part, while the northern part lies within the Adirondack Park. The county was created in 1791 and named for General Nicholas Herkimer. It covers about 1,400 square miles of land, larger than the state of Rhode Island. The county seat is the village of Herkimer.
Two features give the county its character. One is the Herkimer diamond, an unusually clear, double-terminated quartz crystal found in the county and a draw for visitors. The other is manufacturing: Ilion was home to the original Remington Arms factory, which closed in March 2024.
A factory closing changes more than the payroll of one employer. Nearby diners, auto shops, convenience stores and landlords lose regular customers, while some tradespeople lose steady work. At the same time, a closing creates openings: workers start their own repair, contracting, food or transport businesses, and small manufacturers look for work the plant once did.
Owners in that transition often face a specific kind of cash gap: they need tools, a vehicle or inventory to get started, and they need cash to survive the first months before customers settle in. Sole proprietors can apply, and many first-time owners fit that description.
For illustration only, not our terms: a machinist who worked for a large local employer opens a small shop. Equipment and a first order of material total about $55,000, and the first customer pays 60 days after delivery. Funding sized to that gap lets the shop open without draining personal savings. Funding sized to a shop of ten employees would be an entirely different decision.
New York Biz Funding funds $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 and do not require tax returns. The credit check is a soft pull, and FICO 500 or above is considered. The application takes about five minutes.
Because a new business may have only a few months of statements, plan on applying once you have a few months of deposits to show.
A small manufacturer or fabricator sells to a few large customers, and those customers often pay on terms of 30, 45 or 60 days. That is fine for the customer and hard for the shop. The shop buys steel, resin or lumber today, pays its crew this week and waits two months for the invoice. The more the shop grows, the bigger the gap becomes. Growth, in other words, consumes cash before it produces it. That is why many owners who are doing well still run short at the wrong moment, and why a funded gap can be a sensible tool, if it is sized to the order and not to the dream.
Sole proprietors can apply. The review is built around about three months of business bank statements, so a few months of activity helps.
Businesses of many kinds can apply, including seasonal visitor-facing shops.
No.
FICO 500 or above is considered, with a soft credit pull.
In as little as 24 hours after you complete the process.
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
