A Manhattan storefront pays premium rent for foot traffic, then has to buy the inventory that traffic will want. Working capital covers the months between the purchase order and the sale.
Apply Now →Manhattan retail ranges from Fifth Avenue's luxury corridor to independent boutiques in SoHo and Greenwich Village, specialty grocers and gift shops in Chinatown, and neighborhood stores along the avenues of Harlem and the Upper East Side. Across that range, one fact is shared: rent is high and fixed, and it is paid whether the month was strong or not.
Many Manhattan corridors are also inside business improvement districts. New York City has 78 BIDs covering about 320 miles of commercial corridors, and that investment shapes sanitation, lighting and marketing around many storefronts. It does not change the core retail cash problem, which is buying ahead of selling.
Fashion, gift and home-goods stores often commit to holiday and spring orders months in advance, sometimes with deposits.
Rent, and for larger leases south of 96th Street the Commercial Rent Tax, sit on top of every month. Our Commercial Rent Tax explainer covers the threshold and how the 3.9% effective rate is calculated.
Fixtures, lighting, POS systems and window displays wear out or need updating to keep pace with the block. Equipment-heavy refreshes can go through equipment financing in Manhattan.
A SoHo apparel boutique places a $60,000 spring order in January, the slowest sales month of its year. Paying for it from cash would leave rent tight in February and March. Funding of $50,000 covers most of the order, and spring sales pay it down. These numbers are illustrative only and are not our terms or typical results.
If you have a predictable seasonal build, a lump sum sized to the order works. If your inventory needs come in irregular waves, a Manhattan business line of credit lets you draw as orders come due. Stores with heavy card sales sometimes compare a merchant cash advance, where remittance follows sales volume.
We consider $25,000 to $5,000,000. The application takes about 5 minutes and uses a soft credit pull. We look at about three months of business bank statements rather than tax returns. FICO scores from 500 are considered, sole proprietors can apply, and approved files can be funded in as little as 24 hours. It helps to tell us which season you are buying for and when you expect that inventory to sell through.
Yes. Many retailers apply in their slow months to fund the next season's buy. Mention your seasonality in the application.
It applies to tenants in Manhattan south of 96th Street with $250,000 or more in annualized base rent. See our explainer for details.
Yes. Deposits from all sales channels show up in your business bank statements, which is what the review reads.
No tax returns are required.
FICO 500+ is considered. Our Manhattan bad-credit page explains how those files are reviewed.
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
