Studios, makers, food producers and logistics firms share a waterfront neighborhood. They also share one problem: spending on equipment and crews before the customer pays.
Apply Now →Long Island City sits at the western tip of Long Island, bordered by Astoria to the north, the East River to the west, Sunnyside to the east and Newtown Creek to the south. It was incorporated as a city in 1870, then merged into Greater New York in 1898. It is the eastern end of the Queensboro Bridge, the only non-tolled road link between Queens and Manhattan.
Wikipedia notes rapid residential growth, waterfront parks and a thriving arts community with a high concentration of galleries and studio space. Alongside that sit working businesses: light manufacturing, film studios, food producers and logistics firms.
Raw materials and labor come first, and a customer may pay thirty or sixty days after delivery. A single large order can strain cash because the costs land before the revenue does.
Projects bring crews, equipment rentals and stage time on short schedules, then pay on a milestone or after delivery. The gap between a shoot and the payment is a working-capital problem.
Ingredients, packaging and refrigeration costs are constant. Retail and wholesale buyers pay on their own timetable, and a new account can make the cash squeeze worse before it helps.
Vehicles, fuel, insurance and drivers have to be paid whether clients pay quickly or not. We make no promise to any specific trucking segment, and each application is reviewed on its own merits.
A production-heavy neighborhood runs on machinery: packaging lines, kitchen equipment, lighting and camera gear, forklifts. Large purchases can drain the cash that should cover payroll. Equipment-focused financing is a way to spread a purchase, and working capital is a way to cover the days between work and payment. Many operators use both, for different reasons, in the same year.
For illustration only, with round numbers that are not our terms: a small food manufacturer wins a $60,000 order. Ingredients, packaging and extra labor cost $35,000 up front, and the buyer pays on invoice thirty days after delivery. The owner carries $35,000 for about six weeks, from the first purchase order to the first dollar returned.
The risk is not the sale; it is a second order arriving before the first has been paid. A producer in that position can either turn work away or find working capital that matches the length of the cycle. Reading your own statements for the longest gap between spending and collecting is the best way to pick an amount.
The same arithmetic applies to a studio hiring a crew for a shoot or a logistics firm adding a vehicle for a new client. The question to ask is how many weeks the business will front the costs, and how many dollars that is.
We fund $25,000 to $5,000,000, in as little as 24 hours after a 5-minute application. A FICO of 500+ is considered, the first credit pull is soft, and we ask for about three months of business bank statements. No tax returns. Sole proprietors can apply, so independent producers and freelancers running studios under their own name are welcome. For credit concerns, see bad-credit funding in Long Island City. Ready now? Apply here.
Yes. Milestone payments show up as irregular deposits in your statements, which is typical in production and not a disqualifier by itself.
We review your business bank statements. Sole proprietors can apply, whether the kitchen is shared or private.
No. We ask for about three months of business bank statements.
No. Working capital can be used for payroll, supplies and other business costs, and equipment is one possible use.
The first pull is soft and does not count as a hard inquiry.
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
