New York Disclosure Law — What It Means for Your Restaurant
New York's commercial finance disclosure requirement (effective August 2023) means any company offering you a merchant cash advance in New York must provide a standardized disclosure form before you sign. This disclosure includes: (1) the total dollar amount you'll repay, (2) the estimated APR equivalent, (3) the finance charge, and (4) the holdback percentage. T.A.G. provides this disclosure voluntarily on all offers nationwide, and as required for NY customers.
New York Markets
Restaurant Funding by New York City and Region
Manhattan
World's highest restaurant density. High average checks, high rent. Daily POS volume creates strong deposit profiles for underwriters.
Typical: $30K–$250K
Brooklyn / Queens
Fast-growing markets with diverse cuisine. Lower rent than Manhattan but strong foot traffic and consistent deposit patterns.
Typical: $20K–$150K
Bronx / Staten Island
Outer borough markets. Italian, Dominican, and Caribbean dining heavy. Consistent neighborhood revenue with seasonal variations.
Typical: $15K–$100K
Long Island
Suburban dining, catering, and seafood markets. Higher per-ticket averages than NYC boroughs in many segments.
Typical: $15K–$120K
Buffalo
Western NY market. Wings and comfort food culture. Bills and Sabres game traffic creates seasonal peaks. Consistent year-round base.
Typical: $10K–$75K
Albany / Rochester / Syracuse
State capital and university markets. Government and academic consumer base creates stable year-round restaurant revenue.
Typical: $10K–$60K
Qualification
New York Restaurant MCA Requirements
Minimum Monthly Deposits
$4,000–$6,000/month
Minimum FICO Score
500 (soft pull only)
Time in Business
4+ months operating
Documents Required
6 consecutive months bank statements + application
Advance Range
$15,000–$250,000
NY Disclosure
Provided on every NY offer before signing
FAQ
New York Restaurant Funding — FAQ
Does New York require MCA disclosure for restaurants?
Yes. New York's Commercial Finance Disclosure Law (effective August 1, 2023) requires disclosure of total dollar cost, estimated APR, and finance charges before signing. T.A.G. Business Funding provides New York-compliant disclosure on every NY restaurant MCA offer before signing.
Can a New York restaurant get MCA after a bank decline?
Yes. NY restaurants qualify based on monthly bank deposit volume — not credit history or bank relationships. Minimum: 4+ months operating, $4,000–$6,000/month deposits, 500 FICO. A bank decline does not affect MCA eligibility.
How much can a New York restaurant get with MCA?
NY restaurant MCA amounts typically range from $15,000 to $250,000. A Manhattan restaurant averaging $100,000/month may qualify for $75,000–$150,000. A Brooklyn restaurant averaging $60,000/month may qualify for $45,000–$90,000. Upstate NY restaurants averaging $25,000/month may qualify for $18,750–$37,500.
Can a NYC restaurant use MCA for high commercial rent?
Yes. MCA proceeds can be used for any business purpose including commercial rent, payroll, equipment, food and beverage inventory, and operating expenses. NYC restaurants facing some of the world's highest commercial rents frequently use MCA as bridge capital when revenue dips below what's needed to cover rent.
Can a NYC restaurant get MCA after a pandemic-related credit hit?
Yes. Many New York restaurants that experienced credit challenges during 2020–2021 now qualify for MCA based on their current bank deposit volume. MCA underwriting looks at the most recent 6 consecutive months of bank statements — current performance drives approval, not historical credit events.
How fast can a New York restaurant get funded?
Most NYC restaurant applications receive a decision within 2–4 hours of submitting bank statements. Funding is deposited within 24–48 hours of contract signing. NYC restaurants submitting complete files before noon Eastern time are eligible for same-day wire funding.
Related Pages
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