Question 1

How fast can I get business funding?

Accepted Answer

For amounts under $50,000 with strong bank statements, same-day funding (4-8 hours) is realistic. Larger amounts up to $5,000,000 typically fund within 4-24 hours. Apply by 10am Pacific for best chance at end-of-day funding.

Question 2

Do I need good credit?

Accepted Answer

No. We accept FICO 500+. Approval based on monthly revenue and bank statement health, not credit score alone. Most approved businesses have FICO 500-680.

Question 3

How fast can I get business funding?

Accepted Answer

For amounts under $50,000 with strong bank statements, same-day funding (4-8 hours) is realistic. Larger amounts up to $5,000,000 typically fund within 4-24 hours. Apply by 10am Pacific for best chance at end-of-day funding.

Question 4

Do I need good credit?

Accepted Answer

No. We accept FICO 500+. Approval based on monthly revenue and bank statement health, not credit score alone. Most approved businesses have FICO 500-680.

Question 5

What documentation is required?

Accepted Answer

Just three months of business bank statements. No tax returns, no business plan, no profit and loss statements, no financial projections.

Criteria	New York Biz Funding	OnDeck
Funding range / Maximum	Up to $5,000,000	$250,000 term loan / $100,000 line of credit
Minimum monthly revenue	$10,000/mo	$100,000/year (~$8,300/mo)
Minimum credit score	FICO 500+	FICO 625+
Minimum time in business	6 months	1 year
Speed to funding	24 hours	As fast as same-day, typically 1-3 business days
Documentation required	3 months bank statements	Bank statements + business details
Collateral required	Not required	General business lien (UCC blanket)
Products offered	Working Capital, LOC, Equipment, Term Loans, Revenue-Based, SBA	Term loans, business lines of credit

New York Biz Funding vs OnDeck

Why operators choose New York Biz Funding

What OnDeck brings to the table

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