Small businesses in New York City need access to funding for everything from working capital to property, equipment, and more. Monterey Commercial Capital works directly with small business owners throughout NYC to provide the solutions they need to thrive and grow in a competitive marketplace. Our small business and working capital solutions can be used for a variety of purposes, including but not limited to:

• Acquiring or upgrading equipment
• Commercial property
• Covering overhead
• Equipment
• Hiring employees
• Improving purchasing power
• Launching marketing campaigns
• Making payroll
• Paying down utilities, loans, and other obligations
• Purchasing assets, inventory, supplies, and raw materials
• Rolling out new products and services
• Taking advantage of growth opportunities

Small Business Loans in NYC

Monterey Commercial Capital offers SBA 7a and 504 loan programs that can be used by small businesses in NYC for:

• Working capital
• Equipment
• Commercial real estate
• Refinancing debt
• Mergers and acquisitions

Our SBA loans feature: 

• Loan amounts as high as $5 million
• Low interest rates
• Full amortizations
• Fixed and variable rate options
• No penalties for prepayment
• Loan-to-value between 80% and 90%
• Prequalifications within 48 hours
• Terms up to 25 years
• No balloon payments 

Unsecured Lines of Credit for Small Businesses in NYC

Small businesses in NYC need access to a reliable source of working capital that can be used for everything from small purchases to marketing, expansions, hiring staff, and more. Monterey Commercial Capital offers unsecured lines of credit to small businesses in New York City. What sets our lines of credit apart is that there are no collateral requirements, thereby making them accessible to existing and even new small businesses. Our unsecured business lines of credit feature:

• Unsecured lines of credit from $25,000 to $50,000 for startups and new businesses
• Unsecured lines of credit up to $500,000 and above for established businesses
• Low interest rates
• No subprime loans
• Revolving and non-revolving options
• Attractive introductory offers
• Up to 5% over prime for large lines of credit
• No collateral required as long as other qualifications are met
• Fast prequalifications

Merchant Cash Advances for Small Businesses in NYC

 When small businesses in NYC need an injection of working capital without taking on debt, they use merchant cash advances from Monterey Commercial Capital. Our merchant cash advances do not have fixed payments. Instead, the balance is repaid from a small percentage of sales, so small businesses in NYC do not experience cash flow strains. Our merchant cash advances feature: 

• Working capital advances up to $200,000 for each business location
• No collateral required
• Flexible payment methods
• No fixed payments, application fees, or closing costs
• Minimal paperwork to qualify
• No prepayment penalties
• Financing available in as fast as 7 days

Merchant cash advances from Monterey Commercial Capital are repaid from customers who use major credit cards for sales, including:

• American Express
• Discover
• MasterCard
• Visa