Local Funding
Business Funding in New York, NY
New York City has over 200,000 small businesses employing roughly half the city's private workforce. Competition for capital is fierce, but so is lender availability. The city's SBA district office is one of the busiest in the country, and alternative lenders have a heavy presence here too. Financial services, tech, healthcare, and hospitality drive much of the small business lending demand across the five boroughs.
200,000+
Small Businesses
$1.8 Trillion
Metro GDP
5,000+
SBA Loans (Annual)
Top Industries
Key Industries Seeking Funding in New York
- Restaurants
- Retail Stores
- Medical Practices
- Law Firms
- Construction Companies
Local Insights
Funding Landscape in New York
The NYC SBA District Office processes one of the highest volumes of SBA 7(a) loans in the country
New York has multiple CDFI lenders focused on minority and women-owned businesses, including Accompany Capital and TruFund Financial Services
High commercial rents mean many businesses here need larger working capital lines than the national average
The city's restaurant and retail density creates strong demand for revenue-based financing
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