Port Richmond Avenue came back on the strength of small, owner-run storefronts. When one of them needs cash for stock, a repair or a second shift, the bank statements tell the story.
Apply Now →Port Richmond is one of the oldest neighborhoods on Staten Island, on the North Shore along the Kill van Kull, bounded by Clove Road, Forest Avenue and the Bayonne Bridge. In the 19th century it was a transportation and industrial center, a ferry and freight transfer point toward New Jersey, and Richmond Avenue, now Port Richmond Avenue, was one of the island's main shopping streets.
The neighborhood went through a long decline as development moved to the center of the island, and many storefronts on the avenue were boarded up. Since the late 20th century, small businesses have reopened them, with Mexican immigrant owners in particular turning the strip into a center of Latino commerce on the island. Bakeries, taquerias, grocers, clothing stores and salons line the avenue, while Richmond Terrace along the water still carries marine and industrial activity.
Owner-run storefronts tend to share a few traits: thin margins, high volume, a lot of family labor, and suppliers who want to be paid quickly. The cash squeezes follow from that.
A bakery or grocer stocks up ahead of holidays and religious celebrations, when traffic spikes. The inventory is paid for in full weeks before the sales arrive.
An oven, a display cooler or a walk-in compressor failing can close a bakery or butcher for days. For illustration: a $35,000 oven replacement is a lot easier to absorb if it does not have to come out of a single month's deposits.
Successful shops on the avenue sometimes take the space next door or a second location in nearby neighborhoods like St. George or Stapleton. Build-out, deposits and opening stock come first; new revenue comes later.
The Kill van Kull is a working waterway, and businesses along Richmond Terrace that repair boats, supply marine parts or provide trucking and storage often deal with large invoices paid on long terms. Working capital can cover payroll and materials while a commercial customer's payment is in process.
Funding runs from $25,000 to $5,000,000. FICO scores of 500 and up are considered, with a soft credit pull, which matters for owners who built their credit history recently. We ask for about three months of business bank statements and do not require tax returns. The application takes about five minutes, sole proprietors can apply, and files can be funded in as little as 24 hours once complete.
One practical note: in a neighborhood where many sales are in cash, depositing that cash into the business account regularly is what makes revenue visible on statements. New York City's 2026 minimum wage is $17 an hour, so payroll is a real line item even for small family shops. When you are ready, apply here.
A funder reads your business bank statements, so cash that is deposited regularly counts toward the picture of your revenue. Cash that never reaches the account is invisible.
Yes. FICO scores of 500 and up are considered, and the application uses a soft credit pull.
No tax returns are required. About three months of business bank statements and a short application are the core of the file.
Sole proprietors can apply. Funding starts at $25,000, so your deposits should support an amount at that level or above.
Expansion costs like build-out, opening inventory and early payroll are a common use of working capital. Plan which deposits will repay it before you commit.
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
