Troy's older storefronts reward shops with character and punish thin inventory budgets. Funding keeps shelves stocked between the busy weekends.
Apply Now →Troy is known as the Collar City because of its past in shirt and collar manufacturing, and its downtown retains much of its historic building stock. Today the downtown has cafes, galleries and an Antique District along River Street, an atrium shopping and office building called Uncle Sam Atrium, and a waterfront farmers market in the warm months. A retailer here usually relies on foot traffic, events and a loyal local base.
Those are good customers, but they come in bursts. A shop can have its best weekend of the quarter and then a slow month, yet its supplier still bills on the same cycle.
| Shop type | Typical pressure |
|---|---|
| Antiques and vintage | Buying good pieces when they appear, not when cash is convenient |
| Gifts and home | Seasonal ordering months ahead of the sale |
| Specialty food and goods | Short shelf life and supplier minimums |
For an antique or secondhand dealer, inventory arrives unpredictably. An estate sale or a private collection may be offered at a price that is good only this week. A dealer with no cash on hand must pass. Working capital lets you act on the purchases that make the shop worth visiting, as long as the pieces are realistically sellable.
Troy's monthly street night, farmers market and summer festivals bring crowds past your door, and those are good days to be stocked and staffed. The risk is building the whole year's budget around the best days. A practical approach is to look at what an ordinary Tuesday brings in, and make sure rent, payroll and supplier payments can be met from ordinary days alone. Events then become upside, not survival, and any funding you take is sized to keep the shop open between them.
A boutique owner expects a strong fall but must place a $20,000 order in August. Her account holds enough to cover rent but not the order. Funding sized to the order, repaid from fall sales, is a timing fix. If sales end up lower than hoped, she still needs to be able to carry the amount, so she chooses a figure she could repay from a normal month. This is illustrative only and is not our terms.
We fund $25,000 to $5,000,000 and can fund in as little as 24 hours once approved. The application takes five minutes with a soft credit pull. We need about three months of business bank statements, and no tax returns. FICO 500+ is considered and sole proprietors can apply. See working capital or term loans, then start your application.
More Troy resources: Troy, Rensselaer County, restaurants and construction.
Yes. Buying stock is a typical use of working capital.
We look at business bank statements, not the sales channel.
Yes, and no tax returns are required.
About three months of business bank statements.
Yes. FICO 500 and above is considered.
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
