Montgomery County straddles the Mohawk River and the old Erie Canal route, west of Schenectady. Towns grew up along the water, and many still run on the same main streets.
Apply Now →Montgomery County is in the center of the state, west of Schenectady and northwest of Albany, on both banks of the Mohawk River. The Erie Canal runs through it parallel to the river, connecting Great Lakes shipping with the Hudson and the port of New York, and several towns and villages developed along the canal. Fonda is the county seat. Amsterdam anchors its own micropolitan area, and the county is part of the Albany–Schenectady–Troy combined statistical area. It covers about 410 square miles, and was named for General Richard Montgomery.
That history shows in the map. Main streets run near the river, older buildings house shops, restaurants and offices, and a number of local businesses occupy buildings that have been used for generations.
An older commercial building brings a familiar set of expenses: roofs, boilers, wiring, storefront repairs and code updates. A shop owner who rents may face a landlord's repair schedule; one who owns faces the bill directly. In either case, an unplanned repair of $20,000 to $40,000 can reshape a year.
For illustration only, not a quote: the owner of a bakery in a canal-side village learns that the oven must be replaced and the storefront needs a new entrance and awning. The total is about $38,000. The bakery is healthy but not flush, and paying the whole amount from the account would leave little for flour and payroll. A funded amount covering the oven and the entrance lets the owner keep the account steady, and the improved storefront helps sales recover.
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, and sole proprietors can apply, which includes many independent shop owners and tradespeople along the river.
A useful way to think about a request is to ask which repair or purchase would cost you the most revenue if it were delayed. That is usually the right one to fund first.
In a village where one shop closing leaves a gap on the block, owners are reluctant to let a repair or a slow month turn into a closure. The most useful habit is to separate what must be done now from what can wait. A failed oven, a leaking roof or a broken lift is a now. A new sign can usually wait a quarter. Working capital works best on the first kind of problem, because the cost of waiting is lost revenue and the benefit of acting is immediate. Be specific about which category your request belongs to.
Yes. Businesses of many kinds can apply, based on their business bank statements and request.
Businesses can apply for $25,000 to $5,000,000, sized to the business and the need.
No.
Sole proprietors can apply.
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
