Small manufacturers, family restaurants and trades along the old Erie Canal corridor tend to run lean and long-lived. Working capital is how they cover a slow-paying customer or a broken machine.
Apply Now →The Mohawk Valley follows the river and the Thruway between the Capital Region and Central New York, with Utica and Rome as its best-known cities and smaller communities such as Little Falls, Herkimer, Amsterdam and Gloversville along the way. Rather than describe the region in general terms, here are three owners and the cash gap each one is likely to meet.
A fabricator with a handful of employees fills a large order. Steel and wages go out this month; the customer's payment arrives in six or eight weeks. The shop is profitable on paper and short on cash in practice.
Summer visitors pass through on the way to the Adirondacks and Cooperstown, while winter is quieter. The kitchen, rent and a core crew stay on the books the whole year.
Renovation and repair work comes in waves. Crews need paying every week, but invoices are paid when jobs close.
None of the three needs a long story. A funder reading about three months of business bank statements can see the pattern: how large the deposits are, how often they arrive, what the lowest balance was and whether bills were paid on time. A shop with one large customer shows lumpy deposits. A restaurant shows a daily rhythm. A contractor shows spikes. Each reading leads to a different conversation about size and use, which is why you should know your own pattern before you apply.
It also helps to bring context that statements cannot show: a signed purchase order, a seasonal calendar, or a short note on why last month dipped. Documents like these do not replace the statements, but they save back-and-forth. Keep the description factual and short, and say plainly what the money will be spent on and when you expect it to come back.
For illustration only, with invented round numbers: a $60,000 order that costs $35,000 to produce and pays in 45 days leaves a $35,000 gap, not a $60,000 one. A request near that smaller number is easier to justify and easier to carry.
We fund $25,000 to $5,000,000, funded in as little as 24 hours. FICO 500+ is considered. We typically review about three months of business bank statements, require no tax returns and use a soft credit pull. The application takes about five minutes. Sole proprietors can apply. Our application is online, so you can complete it from anywhere in the valley.
Concentration shows up in bank statements, and it is worth explaining in the application. It does not by itself rule out an application.
Yes. The application is online and the same across New York.
About three months of statements are typically reviewed, so describe the pattern and what the money is for.
No tax returns are required.
Sole proprietors can apply.
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
