Merchant cash advance · New York
Merchant cash advance in New York
New York packs an enormous number of small businesses into a dense market, from restaurants, delis, and salons in the five boroughs to contractors and wholesalers across the metro and upstate. Margins are tight and costs are high, so short-term capital is used constantly to bridge payroll, inventory, and renovation cycles. It is also home turf for the MCA industry itself, and the state has responded with the broadest disclosure law in the country.
Clearwater places New York files every week: $10K to $2M, sized off your real bank deposits, no hard credit pull to apply, offers typically inside a business day.
New York's commercial financing disclosure law
New York Commercial Finance Disclosure Law (CFDL). New York's Commercial Finance Disclosure Law, enforced by the Department of Financial Services, has required standardized disclosures since August 1, 2023. It covers commercial financing of $2.5 million or less, the highest threshold of any state, and requires an APR-style annualized rate along with the total cost and payment terms at the time an offer is made. Providers and brokers both have duties under the DFS regulations, and violations carry civil penalties.
In New York, any offer up to $2.5 million comes with a standardized disclosure including an annualized rate, so you can put an advance next to a term loan or line of credit and compare them directly. If a funder will not produce the disclosure, that alone tells you something.
Either way, run any offer through our free repayment calculator before signing - total payback, daily payment, and an APR equivalent you can compare against loans.
Industries we fund across New York
RestaurantsRetail StoresConstruction & ContractorsMedical & Dental PracticesSalons & SpasWholesale & DistributionAll industries
What it takes to qualify
| Advance range | $10,000 - $2,000,000 |
| Typical sizing | 0.5x to 1.4x monthly bank deposits |
| Time in business | 6+ months |
| Credit | Cash flow weighs more - scores from 450 workable |
| To apply | No hard credit pull. 4 months of statements + month to date |
New York funding questions
Does New York have an MCA disclosure law?
Yes. The Commercial Finance Disclosure Law has been in effect since August 1, 2023 and covers commercial financing of $2.5 million or less, including merchant cash advances. Funders must give you a standardized disclosure with an annualized rate and total cost when they extend an offer.
What does the $2.5 million threshold mean for my business?
It means nearly every advance a small or mid-sized New York business would take is covered. Whether you are looking at $20,000 or $2 million, the offer should arrive with the standardized DFS disclosure so you can see the real cost before signing.
What if a funder skips the disclosure in New York?
The Department of Financial Services can fine providers for violations, up to $2,000 per violation and more for intentional ones. Practically, treat a missing disclosure as a reason to slow down, ask for it in writing, and compare the offer with at least one other funder before moving.
See your number, not a sales pitch
Two minutes, no hard credit pull, sized off your real deposits.
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