Yes. New York's Commercial Finance Disclosure Law (effective August 1, 2023) requires commercial financing providers to disclose the total dollar cost, estimated APR, and other key terms for business financing transactions. T.A.G.
New York · Restaurant Funding
Restaurant Funding in New York NYC, Buffalo, Albany & Statewide
New York Commercial Finance Disclosure (Required by Law)
New York's Commercial Finance Disclosure Law (effective August 1, 2023) requires disclosure of total dollar cost, estimated APR, and finance charges for commercial financing under $2.5 million. T.A.G. Business Funding provides New York-compliant disclosure on every NY offer before signing.
Quick Answer: New York Restaurants
New York restaurants qualify for MCA based on monthly bank deposits. Minimum: $4,000-$6,000/month, 500 FICO, 6+ months operating. Advance range: $15,000-$250,000. Review begins as soon as your file is complete. Funding timing is set by the funding provider after review. New York commercial finance disclosure provided on every offer before signing. No tax returns, no collateral, no hard credit pull at application.
New York City has 25,000+ restaurants. The margin pressure, rent costs, and labor minimums make working capital access one of the most critical operating factors for NY restaurant operators.
25,000+
NYC restaurants
$15K-$250K
Advance range
24-48 hrs
Funding timeline
500
Min FICO
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
Density is the New York advantage: covers turn all year, which keeps the deposit baseline steadier than most states manage.
New York Restaurant MCA Requirements
Minimum Monthly Deposits
$4,000-$6,000/month
Minimum FICO Score
500 (soft pull to start)
Time in Business
6+ months operating
Documents Required
6 consecutive months BUSINESS bank statements (all pages) + application
Advance Range
$15,000-$250,000
NY Disclosure
Provided on every NY offer before signing
Only BUSINESS bank statements count toward the six-month document requirement: personal or Cash App/Venmo statements do not qualify. A driver's license and a voided business check are collected after approval, not part of the initial application.
New York Cash-Flow Patterns
December pushes deposits to their yearly high. January and February are the months a repayment schedule actually has to survive.
How Restaurant Cash Flow Actually Moves in New York
New York City's restaurant deposits run less seasonal than most states, because density and year-round foot traffic keep the baseline fairly steady. December still stands out: holiday parties, office gatherings, and gift-card volume push deposits to their yearly high before a real January and February pullback.
Upstate New York runs a different calendar entirely. Ski-region restaurants near the Adirondacks and Catskills see a winter tourism bump that NYC never gets, while summer tourist towns along the lakes and in the Finger Lakes region peak in exactly the months NYC restaurants are already busy. A restaurant's own six months of statements should be read against whichever of these calendars it actually sits in.
General seasonal pattern shown for illustration only, not a projection for any specific restaurant.
Relative comparison shown for illustration only, based on general market characteristics, not measured company data.
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: 6+ 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 review 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 after submitting bank statements. Funding follows contract signing on the funding provider’s own timeline. NYC restaurants who submit a complete file early in the day get it in front of the funding provider sooner. The provider sets decision and funding timing.
What credit score does a New York restaurant need for MCA?
The minimum FICO for New York restaurant MCA approval is 500. MCA approval is primarily based on bank statement deposit volume, not credit score. A New York restaurant with 560 FICO and $30,000/month in consistent deposits will typically receive approval. New York's disclosure requirements ensure you see the full cost before signing.
What New York restaurant markets have the strongest approval rates?
Manhattan restaurants with high average check sizes and consistent daily card volume have the strongest approval profiles. Brooklyn and Queens restaurants benefit from high foot traffic and diverse cuisine markets. Outer borough restaurants often qualify for advances equal to 100-125% of monthly deposits. Upstate markets (Buffalo, Albany, Rochester, Syracuse) qualify on the same national criteria, consistent deposits are the driver.
500 FICO OK · No hard pull at application · NY disclosure law compliant NYC, Buffalo, Albany, Rochester & all of New York · Review begins as soon as your file is complete
Initial review uses a soft credit pull only. A hard credit pull typically occurs later, before final approval, and can affect your credit score by a few points.
