Tourism is the main industry in Niagara Falls, and tourism runs on seasons. Owners here plan around the months when visitors come and the months when they do not.
Apply Now →Niagara Falls, in Niagara County, had 48,671 residents in the 2020 census. Its main industry is tourism, driven by the waterfalls and by attractions around Niagara Falls State Park, such as Cave of the Winds, the Maid of the Mist boat tour, and the Aquarium of Niagara. The Seneca Niagara Casino and Hotel, the Niagara Falls Convention Center on Old Falls Street, and Cataract Commons draw visitors downtown. Pine Avenue, known as Little Italy, is a street of shops and restaurants.
The pattern is predictable: more visitors in warm weather and fewer in winter. The business pattern is the same. Revenue is bunched into the months when people come, while rent, insurance and a core staff continue all year.
Working capital is most useful in the first and last steps: financing the spring buildup and covering the winter lull so you do not lay off the people you will need again in May.
The city has always had a second economy. Cheap hydroelectric power helped build chemical, paper, abrasives and metal industries, and while manufacturing declined after the 1960s, the region still has a base of suppliers and trades. The Niagara Falls International Airport, which serves many cross-border travellers, and the nearby Air Reserve Station are also sources of activity. The city is on Amtrak's Maple Leaf and Empire services, and several state highways and Interstate 190 run through or beside it.
Owners who sell to other businesses, such as printers, auto shops, restaurants that serve convention groups, contractors, wait on invoices that can run longer than a payroll cycle.
The city sits across the river from Niagara Falls, Ontario, and the two compete for the same visitors. Small businesses on the American side may invest in better signage, outdoor seating, longer hours and online booking to hold their own. Those investments pay back over time but cost cash at the start. Funding can cover that spending when your own cash is tied up in the season.
We fund $25,000 to $5,000,000, with funding in as little as 24 hours. We consider FICO scores of 500 or higher, ask for about three months of business bank statements, and do not require tax returns. The application takes about five minutes and uses a soft credit pull. Sole proprietors can apply. Start your application.
See also: Niagara Falls business funding, Niagara County, Western New York, restaurants, and same-day funding.
Yes. Your bank statements will show the seasonal pattern, and that is understood. The review looks at about three months of statements.
No. Businesses across the city and county apply, including trades, auto, and service providers.
Funding can arrive in as little as 24 hours once approved.
No.
Yes. 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
