Term Loans for Bronx Businesses

Start with the corridor you work on

Much of the Bronx's small-business life happens on commercial strips: restaurants, bodegas, barbershops, auto shops, clinics and contractors who serve the neighborhoods around them. New York City has 78 business improvement districts covering roughly 320 miles of commercial corridors, according to the city's FY25 BID trends report, which gives a sense of how many small businesses cluster along streets like these. Whichever corridor you are on, your customers, your delivery windows and your rent are local, and that is what a funder reads between the lines of your bank statements.

What a fixed amount is for

A term-style request is one lump sum for one defined purpose, repaid on a schedule the funder sets after reviewing your file. We do not publish rates or term lengths on this page. The offer states the amount you receive, the total you repay and the repayment structure, and those are the figures to compare. It suits purchases that have a quote, a useful life and a measurable benefit.

• A truck or van for a delivery or trade business.
• A kitchen line or refrigeration for a restaurant.
• Equipment for a garage or workshop that lets you do work in-house.
• A storefront refit before a busy stretch.

The payroll floor in the city

New York City is in the higher wage tier for 2026, $17 an hour. For a business with hourly staff, payroll is the largest fixed cost after rent, and a loan payment would be added to both. Pull your weakest month of deposits from the last year and check that rent, payroll and the new payment all fit. If they do not, shrink the amount or phase the project.

A short example, for illustration only

A Bronx auto-repair shop wants a $65,000 lift and diagnostic setup so it can stop sending certain jobs elsewhere. The owner counts how many jobs per month were referred out, assumes only half of them come in-house, and checks the payment against that. The plan holds, so the owner writes the request with the equipment quote attached. These numbers are invented and are not our terms or a typical outcome.

What applying takes

We fund $25,000 to $5,000,000, with funding in as little as 24 hours once the file is complete. FICO 500+ is considered, the credit pull is soft, and the application takes about five minutes. We ask for about three months of business bank statements and no tax returns. Sole proprietors can apply. When you are ready, start the application.