Typical funding range
$10,000 – $250,000 — that's the band most retail 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 disclosure law requires standardized APR-equivalent — comparison shopping is easier
- 12+ months operating typical floor
- Strong card volume can unlock split-funded MCAs at slightly better rates
- NYC retailers often see higher deal sizes than upstate operators
What to bring to the application
The faster you can ship these to a funder, the faster you close. Most underwriting decisions for retail in New York happen in 2–4 hours once docs are complete.
- Last 3–6 months business bank statements
- Last 3 months merchant processor statements
- Voided business check
- Driver's license for the majority owner
The math
A typical retail 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
- Should an NYC boutique use Shopify Capital or a generalist MCA?
- Shopify Capital often beats generalist MCA pricing for stores already on the platform with strong sales velocity. The NY disclosure rules apply to both. Run both quotes.
- How does NY treat split-funded MCAs?
- Same disclosure requirements apply. Split-funded structures (percentage of each card transaction) still require APR-equivalent disclosure under NYDFS. The mechanics aren't restricted; just the paperwork.
- Can a Brooklyn pop-up or seasonal shop qualify?
- Seasonal operators with 12+ months of trailing data can usually qualify. Brand-new pop-ups (under 6 months) are a much harder fit. Wait for a deposit history before applying.
Related guides
- Restaurant MCA in New York — state hub
- Restaurants funding in New York — $15,000 – $300,000
- 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
- Retail funding in Georgia — $10,000 – $250,000
- Retail funding in Florida — $10,000 – $200,000
- Retail funding in Texas — $10,000 – $250,000
- Retail funding in California — $10,000 – $250,000