New York · Small business funding
Merchant cash advances in New York
Advances from $10,000 to $500,000 for New York businesses, underwritten on deposit history rather than credit score.
GLD Factoring LLC DBA GLD Funding provides merchant cash advances to New York businesses from $10,000 to $500,000. New York applicants submit 4 months of business bank statements. Approval is based primarily on business performance and cash flow, and same-day funding is available on signed contracts.
Disclosure law in force
The Commercial Finance Disclosure Law requires a standardized OFFER SUMMARY on commercial financing under $2.5M, showing total dollar cost, an APR-comparable figure, and repayment terms. Enforced by NYDFS.
What New York's disclosure law means for you
New York's Commercial Finance Disclosure Law applies to commercial financing under $2.5 million and requires a standardized disclosure before you sign. Headed OFFER SUMMARY in bold at the top, it must state the total dollar cost of the financing, an annualized percentage rate comparable to an APR, and the repayment term. It is enforced by the New York Department of Financial Services.
In practice this is a genuinely useful document: it reduces any offer to comparable numbers. Ask for it from every funder you speak to, not just us, and compare the total dollar cost line by line.
Local to Garden City
Our office is at 591 Stewart Avenue, Suite 520, Garden City, NY 11530 - on Long Island, serving businesses across Nassau, Suffolk, Queens, Brooklyn, Manhattan, the Bronx, and upstate. You are welcome to call or come in.
What New York businesses use funding for
Across trades, the pattern is consistent: capital that has to arrive before the revenue it unlocks. Inventory ahead of a season, equipment that failed without warning, payroll between progress payments, a second location while the first is still paying for itself.
Applying from New York
The application is entirely online. You will need 4 months of business bank statements - or you can connect your bank read-only and skip the upload.
See what your business may qualify for
Answer a few simple questions to get started. No credit inquiry during the eligibility check.
New York clients
Businesses we've funded here.
Individual results vary. Testimonials reflect the experience of specific clients and are not a guarantee of approval, terms, or outcome.
Questions
Funding in New York.
Are merchant cash advances legal in New York?
Yes. Merchant cash advances are legal in New York, and the state regulates how they must be disclosed. The Commercial Finance Disclosure Law requires a standardized OFFER SUMMARY on commercial financing under $2.5M, showing total dollar cost, an APR-comparable figure, and repayment terms. Enforced by NYDFS.
How many bank statements do New York businesses need?
New York businesses provide four months of business bank statements, plus basic business and owner details, to get started. Additional documents may be requested if your file needs them.
How much can a New York business get?
Advances range from $10,000 to $500,000. The amount is driven by average monthly deposits rather than credit score, and is determined by underwriting your business performance and cash flow.
How fast can a New York business get funded?
Once we have a complete file, underwriting moves quickly and same-day funding is available on signed contracts. Actual timing depends on underwriting and your bank.
Regulatory information on this page is provided for general guidance and is not legal advice. Commercial financing requirements change; confirm current obligations with qualified counsel. GLD Factoring LLC DBA GLD Funding is not a bank and does not offer loans - a merchant cash advance is the purchase of future receivables.
See what your New York business may qualify for.
Answer a few simple questions to get started. No credit inquiry during the eligibility check.