A Getty Square storefront and a tenant at a big shopping center do not face the same cash problem. This page sorts Yonkers businesses by shape, then asks when an advance is the right tool.
Apply Now →Yonkers is a city of 211,569 people in the 2020 census, and its commercial life is spread across distinct zones. Downtown is centered on Getty Square, where the city government sits and a dense run of shops and services serves the surrounding blocks and the northwest Bronx. Elsewhere, the Cross County Shopping Center, Ridge Hill and Central Park Avenue each draw a different crowd. Large hospitals are among the city's principal employers, and newer breweries and an arts district have opened in former industrial buildings.
An advance that suits one of those zones can be a poor fit for another, which is why the table below starts with business type, not with product.
| Business type | Typical gap | Does an advance fit? |
|---|---|---|
| Getty Square storefront | Inventory bought ahead of paydays and holidays | Often, if deposits are steady |
| Shopping-center tenant | Buildout, fixtures, seasonal stock | Sometimes; a term loan may suit a buildout better |
| Hospital-area services | Slow-paying clients, steady wages | Possible; compare against a line of credit |
| Brewery, bar or restaurant | Equipment failure, thin winter weeks | Often, for a defined repair or restock |
Whatever the business type, an advance is read from bank statements. That is both its strength and its limit. It works for owners whose paperwork is thin but whose deposits are regular. It works less well when deposits are erratic, because repayment follows the same account.
Before applying, scan your last three months. Mark the deposits that are repeat customers and the ones that were one-offs. Mark the large expenses that already leave the account. The closer your month looks to a repeating pattern, the easier it is to size a request that will not squeeze you later.
If your score is the obstacle, see the bad credit page.
We fund $25,000 to $5,000,000, and funding can arrive in as little as 24 hours. We consider FICO 500+, ask for about three months of business bank statements, and do not require tax returns. The application is about five minutes with a soft credit pull, and sole proprietors can apply. Start now, or read the Yonkers overview and our page on funding speed in Yonkers.
We do not publish figures on that. In general, storefronts and food businesses with steady daily deposits are the natural fit, because repayment follows sales. Businesses paid in large irregular invoices should compare other options.
It depends on how quickly the buildout earns back its cost. A multi-year payback usually points to a term loan or equipment financing. An advance suits shorter horizons.
Tell us. Existing payments come out of the same account, and that affects what size of new funding makes sense.
Yes, sole proprietors can apply.
We ask for about three months of business bank statements. 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
