Business funding in New York.

Funding amounts are based primarily on your monthly revenue rather than on collateral or credit score. As a rough rule in revenue based funding, the offer tends to track a portion of your average monthly deposits.

Funding ranges from $5,000 to $5 million, depending on your revenue and the program.

A merchant cash advance is not a loan. It is the purchase of a portion of your future sales at a discount. You receive a lump sum today, and the funder collects an agreed amount back out of your daily or weekly revenue.

That distinction matters practically, not just legally. Because it is a purchase rather than a loan, an advance is priced with a factor rate instead of an interest rate, it typically does not require collateral, and repayment is tied to your sales rather than to a fixed monthly date.

Repayment is taken automatically out of your revenue, usually one of three ways:

• ACH debit. A fixed daily or weekly amount pulled from your business bank account. This is the most common today.
• Split withholding. A set percentage of each card batch is diverted at the processor before it reaches you.
• Lockbox. Your deposits route through a controlled account, which forwards your share to you after the funder's portion is taken.

The practical difference is what happens in a slow week. A percentage based split flexes down with your sales. A fixed daily ACH does not.

Business purposes, broadly: inventory, payroll, equipment, expansion, marketing, covering a slow season, or bridging a gap between work completed and payment received. Revenue based funding generally does not restrict use of funds the way a purpose specific loan does.