Fast, flexible capital for New York City small businesses — decisions in 24 hours, no hard credit pull, $10K–$1M available.
About This Market
New York City is the highest-density small business market in the United States, with over 230,000 active small businesses competing for foot traffic, talent, and capital. From the restaurant corridors of Queens to independent retailers in Brooklyn and service businesses in the Bronx, NYC operators face a uniquely expensive operating environment — and often need capital faster than traditional banks can move.
A merchant cash advance (MCA) is not a loan — it is a purchase of a portion of your future business revenue. This means approval is based primarily on your business's monthly revenue history, not your personal credit score. New York City businesses that generate consistent monthly revenue of $10,000 or more typically qualify, regardless of credit challenges, short time in business, or seasonal revenue variation.
Top Industries We Fund in New York City
NYC has over 24,000 food establishments. Seasonal cash gaps during slow tourism months (Jan–Feb) and high food costs make MCA a common bridge for inventory, equipment, and staff.
Independent retail in NYC faces intense pressure from commercial rents and e-commerce. MCA is used for inventory purchasing ahead of holiday cycles and to fund renovations for lease renewals.
NYC's healthcare sector employs over 400,000 people. Private practices and specialty clinics frequently use MCA to bridge insurance reimbursement delays of 60–90 days.
NYC's $40B+ annual construction spend creates steady demand for capital among subcontractors and specialty trades who wait 30–60 days for GC payment on completed work.
Over 6,000 salons, spas, and wellness studios operate in NYC. MCA is commonly used for equipment upgrades, buildouts, and bridging between client payment cycles.
New York became the first state in the US to require commercial financing disclosures under New York SB 5470, which took effect in August 2023. Under this law, MCA providers must disclose:
This regulation gives New York business owners among the strongest disclosure protections in the country. Always request a written disclosure document before signing any MCA agreement in New York. T.A.G. Business Funding provides full written disclosures in compliance with New York law.
How It Works
The MCA process for New York City businesses is fully remote and takes 1–2 business days from application to funding:
Repayment is automatic — a fixed percentage of your daily or weekly business revenue is debited until the advance is repaid. On slow days, you pay less. On strong days, you pay more. There are no fixed monthly payments to manage.
New York City Business Resources
MCA is fast capital — but it is not always the right tool for every situation. These local New York City resources offer free advising, alternative loan programs, and business development support:
Free business advising, licensing help, and NYC-specific funding programs
Free financial consulting and business planning for NYC businesses
Community development financial institution offering small business loans
NYC's official small business permit and licensing portal
These resources are provided for informational purposes. T.A.G. Business Funding is not affiliated with these organizations.
Common Questions
Most NYC businesses receive a decision within 24 hours and funding within 1–2 business days. The speed depends on how quickly you can provide 3–6 months of bank statements and basic business documentation. Because New York requires commercial financing disclosures, you'll also receive a mandatory written summary of your terms before signing.
MCA approvals are primarily based on your business's monthly revenue, not your personal credit score. Most providers approve businesses with credit scores as low as 550, provided monthly revenues are consistent. This makes MCA particularly valuable for NYC business owners who have strong revenue but limited credit history.
Almost any revenue-generating business qualifies. NYC restaurants, retail stores, healthcare practices, construction contractors, salons, and service businesses are all common MCA borrowers. You typically need to be in business at least 6 months and generate at least $10,000 in monthly revenue.
No. A merchant cash advance is a purchase of future receivables, not a loan, and is structured differently than a loan under New York commercial law. However, under NY SB 5470, MCA providers must still disclose the annualized cost of capital so you can compare it to other options.
Factor rates for NYC businesses typically range from 1.18 to 1.45, depending on your industry, monthly revenue, and the length of time in business. Restaurant and retail businesses sometimes see higher factor rates due to seasonal revenue variability. Use our factor rate to APR converter to understand the true annualized cost.
Yes. LLCs, S-Corps, C-Corps, and sole proprietors all qualify for MCA in New York. You'll need to provide business bank statements, a valid government ID, and in some cases business tax returns. There is no minimum ownership structure required.
T.A.G. Business Funding is a minority-owned MCA provider. We fund New York City businesses in 24–48 hours with transparent terms and no surprises.
T.A.G. Business Funding
500 FICO minimum. Bank declines OK. Revenue matters more than credit score. Most decisions in 24 hours.
500 FICO minimum · $8K+/month revenue · Funded in 1–3 days
