Unsecured Lines of Credit for NYC Businesses
New and small business owners in NYC can always use a reliable source of working capital. However, getting approved for working capital through traditional lending channels involves long processing time and increasingly prohibitive requirements. At First Crescent Capital, we know that NYC businesses move much faster than traditional lending institutions, which is why we offer unsecured business lines of credit. Our lines of credit do not require collateral and provide the discretionary capital necessary for everything from small purchases to advertising, funding for acquisitions, equipment, or anything else your business needs.
Lines of Credit for Businesses of All Sizes in NYC
NYC thrives because of new and small businesses spanning every industry, and those entrepreneurs need capital to grow in a competitive marketplace. Unsecured business lines of credit from First Crescent Capital help local entrepreneurs stay on the road to success. Established businesses with annual revenues of $1 million or more can get approval to access unsecured lines of credit up to $500,000. New and small businesses in NYC can get access to unsecured lines of credit up to $50,000.
Unsecured business lines of credit from First Crescent Capital for NYC-based entrepreneurs feature:
- Attractive introductory offers and low competitive rates
- No subprime rates to qualifying NYC businesses
- Zero collateral required with favorable financials and credit ratings
- Rates of 1 to 5 percent over prime are available for larger lines of credit
Helping NYC Businesses Achieve Growth and Success
For new and small businesses in NYC, finding adequate and accessible sources of financing is challenging. Traditional lending channels have high requirements, and the amount of financing is partly based on the collateral those businesses can provide. The truth is many new and small business owners do not have much in the way of collateral to get approval for the financing they need through traditional channels. Yet having access to a source of capital is essential for businesses to thrive and grow. First Crescent Capital knows how important it is for businesses of all types to succeed, and that marketplace diversity lends itself to competitive prices and innovation from entrepreneurs. For these reasons and more, we are committed to providing accessible and affordable business financing solutions for new and small business in NYC. Our unsecured business lines of credit are designed so local entrepreneurs can retain assets which would otherwise be used for collateral, and get the funding they need to grow their businesses and ensure long-term success.
Get Started Today
If you own a business in Brooklyn, Manhattan, or anywhere else in New York City, contact First Crescent Capital today. From working capital to business acquisitions, equipment, or anything else, our team will work with you directly to create a financing strategy tailored to your needs so you can reach your next big goal. At Crescent Capital, we serve the financial needs of NYC businesses across all industries. If your business could benefit from an unsecured line of credit, contact our offices today.