A Hudson River city of Victorian buildings, water-powered mills and three colleges. Troy's independent owners work in an old industrial city that still sells to students and the Capital Region.
Apply Now →Troy is the county seat of Rensselaer County, on the eastern bank of the Hudson River just northeast of Albany. It had 51,401 residents at the 2020 census. Together with Albany and Schenectady it forms the Capital District. Because of its position at the junction of major waterways and the water power the geography offered, the American Industrial Revolution took hold here, and Troy was reputedly the fourth-wealthiest city in America around the turn of the twentieth century. It is noted today for its Victorian architecture.
The city is home to Rensselaer Polytechnic Institute, Hudson Valley Community College and Russell Sage College.
Historic buildings are a feature of Troy's streets and a cost for the owners who occupy them. Old roofs, windows, heating and wiring need regular attention, and some work, such as repairs on a historic facade, can cost more than a plain building would. At the same time, the area's three institutions set a seasonal rhythm for the shops, restaurants and services that serve them.
For illustration only, and not our terms: a restaurant that needs a $28,000 roof repair in the same month its student traffic dips by a third faces a squeeze that can be anticipated and planned for.
For owners in older buildings, the first dollars from a funding request usually go to fixing what is already costing money: a boiler that is failing, a kitchen hood that has to pass inspection, a storefront that needs to be safe for customers. These are not growth projects, but they protect revenue, and they are easier to size because a contractor can give a written quote. Owners who start there often find that the second question, how to grow, gets simpler once the building stops draining cash.
| Business | Predictable gap | What outside funding is used for |
|---|---|---|
| Restaurant or cafe | Summer and winter breaks | Payroll and rent through the dip |
| Retail shop | Stock bought before the term starts | Opening inventory |
| Trades and contractors | Materials before payment | Job costs until the invoice is paid |
| Studios and makers | Equipment replacement | Machines and tools |
Funding runs from $25,000 to $5,000,000, in as little as 24 hours after a 5-minute application. A FICO of 500+ is considered, the first credit pull is soft, and we ask for about three months of business bank statements. No tax returns. Sole proprietors can apply.
See working capital, lines of credit, equipment financing, term loans and the merchant cash advance. For timing, see fast funding, and for credit concerns see bad-credit funding. Industry pages: restaurants, construction and healthcare. Regional pages: Rensselaer County and the Capital Region. Or apply now.
No. We review your business bank statements and credit. The building matters for planning repair costs, not for eligibility.
Yes. Apply before the build-up so funds are in place when stock and staff are needed.
No.
Yes.
About five minutes.
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
