The NYC Future Fund offers financing to help small businesses access the capital they need to grow and navigate changes in the market. Revenue-based loans ranging from $100,500 to $500,000 are available at a 9% annual interest rate, with principal repayment terms designed to adjust based on business revenue, offering greater flexibility in managing cash flow so that small businesses may focus on growth.
Loan Eligibility
To be eligible to apply for an NYC Future Fund loan, small businesses must meet the following requirements:
- Must have at least 12 months in business with at least 1 year of prior tax returns
- $300,000+ in historical or projected annual revenue
- Not a sole proprietor
- Funds can be used for working capital, inventory, marketing campaign, hiring, materials; and small equipment purchases less than 25% of total loan request
- Authorize a credit check
- Submit one year most recent tax returns, year-to-date financials and one year of monthly projections