Albany, Troy and Schenectady businesses often plan purchases that last for years. Here is how to size a lump-sum request against the revenue it has to earn.
Apply Now →A term-style request fits a purchase with a clear payoff over time: a second location, a build-out, a vehicle, a stock-and-equipment package for a new line of service. The Capital Region's economy has long rested on state government, health care and education, so many small businesses serve steady institutional customers. Steady demand makes planning easier, because you can estimate what a project will earn and compare it to what it will cost.
| Need | Usually better matched by |
|---|---|
| A gap of a few weeks before an invoice is paid | Short-term working capital |
| A recurring swing in cash that comes and goes | A revolving structure |
| A single machine or vehicle | Equipment-style funding |
| Covering ongoing losses | None of these; fix the model first |
For illustration only: a Troy-area home-services company plans a second crew and two vehicles, a combined $150,000 project. It estimates what the new crew will bill, assumes the first two months are slow while it hires, and checks that the payment still fits in its lowest month. The figures are invented and are not our terms or a typical outcome.
Before you apply, read your last three months of deposits as a stranger would. Are they regular? Do they cluster around certain dates, such as month-end invoices to institutional customers? If so, say that in a line. Where the money is steady, the reader sees a business that behaves predictably, and a predictable business is easier to evaluate for a lump-sum project. Where it is lumpy, explain why: a few large payments a quarter is a different story from irregular, unexplained income.
It also helps to separate the project from everyday operations in your own mind. If the new payment would only be affordable when a particular large invoice is paid, then the plan depends on that invoice, and you should know it.
Funding runs from $25,000 to $5,000,000 and can arrive in as little as 24 hours once the file is complete. FICO 500+ is considered, the credit pull is soft, and we ask for about three months of business bank statements rather than tax returns. Sole proprietors can apply. We do not publish rates or term lengths here; the offer states the amount you receive, the total you repay and the structure. Apply in about five minutes.
Up to $5,000,000.
We do not describe collateral here. Your offer states its structure.
Add the actual project costs, quote by quote, and request that figure.
The review reads bank statements. Steady deposits make a clear story.
You can describe it on the application.
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
