Business Funding New York
Business Funding New York is a financial service company that offers both secured and unsecured loans to eligible applicants. The major products from this company are short-term loans, working capital loans, merchant cash advances, invoice factoring, start-up loans, business lines of credit, medium-term loans, SBA loans, and equipment financing. The industries that the company serves include beauty salons and spas, veterinarians, auto dealerships, wholesaler business, manufacturing, construction, liquor stores, trucking and transportation, hotels and motels, restaurants, nightclubs, HVAC and central air, and florist shops.
A good FICO score is not a criterion for loan approval. Hidden fees and upfront costs are not imposed by this company. The amount of a loan ranges from $5,000 to $5,000,000, and the term of repayment is from 3 months to 25 years. There is a facility of price match guarantee set up by the company, and it offers discounts for early payments. Repeat customers are given better pricing. For startup loans, prepayment penalties are not charged from clients, though one does need a minimum credit score of 650.
Trustpilot’s assessment of this company up until April 2019 netted it a rank of 70 out of 350 companies in the category of Non-bank Finance. Better Business Bureau (BBB) has accredited the company and given it an A rating.