Updates on NYC Future Fund, a revenue-based loan that adjusts to business’s revenue for flexible repayment.
Designed for seasonal and growth-stage businesses, these loans support:
- Working capital
- Inventory
- Marketing
- Hiring
- Materials
- Small equipment
- Refinancing
Eligibility
- 12+ months in operation
- $50,000+ in historical or projected annual revenue
- 1 year of filed tax returns
- Demonstrate ability to repay the loan
- Authorize a credit check
- Submit one year of tax returns, year-to-date financials, and one year of monthly financial projections
About Loans
Loan size
$25,000-$500,000
Interest
Monthly interest payments at a 7.5% annual interest rate
Principal
Monthly principal payments are designed to adjust to your business’s revenue patterns. Monthly principal payments are only required if your revenue exceeds a set threshold — defined as 25% of your average monthly revenue
Term
Up to 5 years
Fees
3% origination fee; no application fees
Technical Assistance
Required monthly meetings with a Financial Coach to analyze cash flow and review revenue calculations until loan is repaid
Guaranty
Personal guaranty required from all owners of 20% or more
Security
UCC filing
