Merchant Cash Advance Companies in New York
By: The Funding Team
In 2005, New York had more than 19,000,000 residents. Where there’s people, there’s small businesses and New York is no exception. There are also fifteen direct Merchant Cash Advance companies located there. But of course, we can help you choose the one most suited to your needs for free!
This state is also home to the Small Business Revolving Loan Fund. As described on the state website:
The Small Business Revolving Loan Fund (SBRLF) is a $50 million fund designed to create economic activity by providing greater access to capital for main street everyday small businesses. The program is targeted to small businesses that have had difficulty accessing regular credit markets. The 2010-11 State budget provided $25 million in state funds and will leverage at least $25 million in private matching funds.
Program funds used to finance an applicant loan will not be more than 50% of the principal amount and no greater than $125,000. There are categories of loans:
- Micro-Loans – principal amount less than or equal to $25,000
- Regular Loans – principal amount greater than $25,000
New York also allows free state record searches. If you need to find information on a corporation, LLC or UCC-1 filing, you can do so here.