No, and it’s important to know the difference. A merchant cash advance (MCA) is technically a purchase of your future sales, not a loan. This means instead of a fixed monthly payment with an interest rate, you pay back a percentage of your daily or weekly sales. This makes it a flexible option for businesses with fluctuating revenue. If you are looking for merchant cash advance companies in Brooklyn or NYC, this is often the fastest way to access capital without the strict requirements of a bank.

Yes. Traditional banks often turn away owners with credit scores below 700, but we specialize in bad credit business loans New York business owners can rely on. Because we look at your business’s revenue and cash flow rather than just your personal credit history, we can often approve unsecured business loans no credit check (soft pull only) options for those who have been denied elsewhere.

Speed is our priority. Many of our clients searching for business funding near me need capital immediately for payroll or emergency repairs. For most merchant cash advance and short term business financing products, we can offer same day business loans near me. Once approved, funds are typically deposited into your account within 24 hours.

Not usually. Most of our products, including our small business loans Brooklyn NY options, are unsecured. This means you do not need to pledge real estate, inventory, or equipment to secure the funding. We offer unsecured business funding based on the health of your business, not the assets you own.

It is common for businesses to have existing positions. We offer merchant cash advance consolidation and refinancing options to help lower your payments and free up cash flow. If you are struggling with multiple daily payments, reach out to our team at our Kings Highway Brooklyn office to discuss how we can restructure your debt.

Both are fast, but they work differently. Invoice factoring for small business involves selling your unpaid customer invoices to get cash immediately, whereas an MCA is an advance on your future credit card or bank sales. If your business waits 30-60 days for clients to pay, factoring might be better. If you have high daily sales volume, an MCA might be the superior choice.

No. A reputable small business loan agency near me should never ask for “application fees” or “insurance fees” upfront. Lending Valley provides no upfront fee business loans. We only get paid when you get funded. Be very careful of any “lenders” asking for money before they send you a contract.

Absolutely. While we serve the entire USA, we are proud to be a local commercial lending Gravesend Brooklyn company. You can visit our headquarters at 244 Kings Highway, Brooklyn, NY to speak with a funding specialist in person. Many clients prefer working with local business lenders they can trust rather than a faceless website.

Unlike a standard term loan with a fixed monthly bill, revenue based financing aligns with your cash flow. On slow days, your payment is lower; on busy days, it’s higher. This structure is designed to protect your business’s cash flow, making it a safer alternative to fixed-payment loans for seasonal businesses searching for flexible business credit lines NY.

To get you instant business loan approval 24 hours, we keep paperwork to a minimum. Typically, we only need:

• A simple one-page application.

• The last 3 months of business bank statements.

• Proof of ownership. We don’t need complex business plans or tax returns for most fast business funding NYC requests.