New York City, NY · City guide

Business loans in New York City, NY

This page is about the city. New York City the city and New York the state are different markets with different figures and different programs. For the whole state, see business loans in New York.

New York City has its own financing programs, separate from New York State's. This page covers the city. For state programs and statewide lender availability, see the New York State page.

Get funding All of New York

NYCEDC reported 183,000 small businesses across the city as of 2023, more than a thousand above pre-pandemic levels, derived from New York State Department of Labor tax records analysed by its Economic Research & Policy team. That is a city-wide figure and an official one, which is unusual — the Census Bureau publishes business establishment counts for states and counties but returns 'not applicable' for city-limits geographies, which is why most city pages on comparison sites quote a county number without saying so.

Lenders for a New York City business

Almost all business funding here is written by lenders based elsewhere, and that is normal — a lender's address has no bearing on whether it will fund you. What matters is what it publishes, so this list is ordered by that.

  1. 100%

    ROK Financial

    Based in NY
    $10K – $5M 1-3 days Credit from 500
    9/9 on the record
  2. 89%

    ByzFunder

    Based in NY
    Up to $500K Same day Credit from 525
    8/9 on the record
  3. 89%

    Fora Financial

    Based in NY
    $5K – $1.5M As little as 24 hours Credit from 570
    8/9 on the record
  4. 89%

    Straight Line Source

    Based in NY Partner
    $5K – $10M Same day Credit from 500
    8/9 on the record
  5. 78%

    Biz2Credit

    Based in NY
    $25K – $2M Decision as fast as 24 hours Credit from 650
    7/9 on the record
  6. 78%

    United First Capital Experts

    Based in NY
    Amounts not disclosed Same day (approvals in 2 hours) Credit from 500
    7/9 on the record
  7. 78%

    VOX Funding

    Based in NY
    $10K – $1M As little as 24 hours No credit floor published
    7/9 on the record
  8. 78%

    Velocity Capital Group

    Based in NY
    Up to $2M Same day Credit from 500
    7/9 on the record
  9. 67%

    Cashable

    Based in NY
    $10K – $500K Same day (offers within 30 minutes) No credit floor published
    6/9 on the record
  10. 67%

    The Smarter Merchant

    Based in NY
    $5K – $500K Same day No credit floor published
    6/9 on the record
published not published Ordered by disclosure, not by what anyone pays us

Funding a business in New York City — common questions

Can a business in New York City get funding?

Yes. Nothing about being in New York City restricts access on its own — availability is set at state level. 10 funders that serve New York are shortlisted on this page.

Are there lenders based in New York City?

Where a funder in this directory is headquartered locally, it is shown first on this page. A local address is worth knowing about and is not by itself a reason to choose one — what they publish about their terms matters more than where they sit.

Does being in New York City change what I can borrow?

Not directly. Your revenue, time in business and deposit pattern decide that. New York's rules decide what you must be told before signing.

What are the biggest industries in New York City?

The figures on this page come from the Census and are shown with the year they refer to. Which industries dominate locally affects which products get used, not which ones are available.

Is a merchant cash advance legal in New York City?

Commercial financing is regulated at state and federal level, not municipally. New York's position is on the state page, which this page links to.

Should I use a local lender or a national one?

Judge both on what they publish and what they will put in writing. Proximity is worth something for a relationship bank; it is worth very little on an online advance where you will never meet anyone.

How do I check for liens against my business?

Through New York's UCC filing office. Filings are indexed at state level, not by city.

What should I have ready before applying?

Three months of business bank statements, your time in business from a verifiable date, and your average monthly deposits. Most first conversations ask for little more than that.

Where do these local figures come from?

US Census data for the place and its county, cited with the source and the date it was read. Where a figure is not published for a place this size, the page leaves it out rather than estimating it.