Why do fewer funders operate in New York?

The NYDFS commercial financing law requires standardized disclosure including APR-equivalent. Funders that built their business on opaque pricing pulled out rather than comply. The funders that stayed are typically the better-priced, more transparent operators — net positive for merchants.

Can an NYC restaurant under 12 months qualify?

Some funders accept 6 months TIB with strong daily deposits. Expect factor rates at the higher end (1.38–1.45). Greenbox's 2-stip program and Accord both work with newer NYC restaurants.

Are factor rates higher in NY because of the disclosure law?

Modestly, on average — but the comparison is misleading. The published NY rates often look higher because they include all costs that get hidden in other states. The net cost is usually similar; you just see it clearly.

Restaurants Funding in New York: 2026 Rates, Amounts & Funders

New York restaurants — NYC independents, Brooklyn newcomers, statewide diners, and hospitality groups — operate on the tightest margins in the country. NY's commercial financing disclosure law (NYDFS) narrows the funder pool, but the funders that ARE licensed here are typically the more transparent, better-priced operators.

Typical funding range

$15,000 – $300,000 — that's the band most restaurants in New York fall into. Deals smaller than $10K are uncommon (the math rarely works for the funder). Deals over $250K typically require stronger profiles or collateral.

What funders look for

NYDFS commercial financing disclosure law applies — funders must provide standardized APR-equivalent disclosure
Fewer funders are licensed in NY than nationally; some specialty MCA shops avoid the state
12+ months operating preferred; monthly revenue floor typically $20,000
NYC operators often have higher revenue averages, unlocking better factor rates

What to bring to the application

The faster you can ship these to a funder, the faster you close. Most underwriting decisions for restaurants in New York happen in 2–4 hours once docs are complete.

Last 3–6 months business bank statements
Voided business check
Driver's license for the majority owner
POS export (Toast / Square / Clover) speeds underwriting

The math

A typical restaurants deal in New York lands at a factor rate between 1.25 and 1.42. On a $50,000 advance at 1.32, you'd repay $66,000 over 9–12 months — about $260–$305/day in ACH. Our factor rate calculator lets you plug in your own numbers.

Frequently asked questions

Why do fewer funders operate in New York?: The NYDFS commercial financing law requires standardized disclosure including APR-equivalent. Funders that built their business on opaque pricing pulled out rather than comply. The funders that stayed are typically the better-priced, more transparent operators — net positive for merchants.
Can an NYC restaurant under 12 months qualify?: Some funders accept 6 months TIB with strong daily deposits. Expect factor rates at the higher end (1.38–1.45). Greenbox's 2-stip program and Accord both work with newer NYC restaurants.
Are factor rates higher in NY because of the disclosure law?: Modestly, on average — but the comparison is misleading. The published NY rates often look higher because they include all costs that get hidden in other states. The net cost is usually similar; you just see it clearly.

Related guides

Retail funding in New York — $10,000 – $250,000
Professional Services funding in New York — $15,000 – $400,000
Healthcare funding in New York — $25,000 – $500,000
Construction funding in New York — $15,000 – $400,000
E-commerce funding in New York — $10,000 – $500,000
Restaurants funding in Florida — $15,000 – $250,000
Restaurants funding in Texas — $15,000 – $300,000
Restaurants funding in Georgia — $10,000 – $250,000
Restaurants funding in California — $15,000 – $300,000