Revenue-Based Financing in Yonkers, NY
A Yonkers business with seasonal sales can take revenue-based financing and pay less when revenue dips. We send your file to the funding partners that offer it.
A nationwide broker headquartered in Los Angeles. Free to apply, you never pay us a fee, and we call back, usually the same business day.
How is revenue-based financing set up?
Uneven months stop being a cash crunch, because the payment shrinks with them. The cap fixes the total no matter how fast it's paid.
What goes into the funder's review?
Month-by-month revenue, the depth of the slowest months and any advances already in place.
How does the payment track the seasons?
The payment shrinks with revenue. At 5% of sales, a month 30% under average sends $3,640, so a restaurant keeps more money in the months when revenue dips.
Which local businesses does it suit?
Here is how the trades on this page are represented among Yonkers' 4,438 employers. Of the city's employers, 261 have 20 to 49 people on payroll.
| Trade | Businesses in Yonkers | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 309 | 14.5 | 15.4 |
| Beauty and nail salons | 110 | 5.2 | 3.4 |
| Clothing and accessories stores | 87 | 4.1 | 3.5 |
Why do Yonkers restaurants use revenue-based financing?
A share of revenue moves with slow weeknights and busy weekend rushes, which fits how a restaurant earns. Locally, 309 operate, 0.9 times the U.S. rate.
How does revenue-based financing fit beauty and nail salons?
Uneven months from prom, wedding and holiday bookings are the case this structure is built for, and a salon has them. Census data lists 110 in the city.
What does revenue-based financing solve for clothing and accessories stores?
Fixed payments fight holiday peaks and quiet post-season months. A revenue share moves with them, which suits a clothing store. Yonkers has 87 of them, 4.1 per 10,000 residents (U.S.: 3.5).
How do the numbers work out for a restaurant?
For a restaurant with $104,000 in average monthly revenue, $52,000 at a 1.25 cap is repaid at 5% of sales: $5,200 in a typical month, $3,640 in a weak one.
| Sample figure | Value |
|---|---|
| Average monthly revenue (example) | $104,000 |
| Amount funded | $52,000 |
| Cap | 1.25 |
| Total repaid | $65,000 |
| Revenue share | 5% |
| Payment in an average month | $5,200 |
| Payment 30% below average | $3,640 |
| Payment 30% above average | $6,760 |
| Months to repay at average | 12.5 |
How can the price come down?
Steady revenue through weaker months earns a lower cap. Try your own numbers in the factor rate calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Where in Yonkers do these trades cluster?
Restaurants lead ZIP 10701, at 83 of its 1,262 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 10701 | 1,262 | Restaurants | 83 |
| 10704 | 1,001 | Restaurants | 67 |
| 10710 | 811 | Restaurants | 74 |
| 10705 | 574 | Restaurants | 40 |
| 10703 | 304 | Residential remodelers | 24 |
| 10707 | 267 | Restaurants | 25 |
How do I get revenue-based funding in Yonkers?
- Send the short form with monthly revenue figures.
- A broker calls to confirm a revenue share your margins can carry.
- You pick one, sign, and the funder sends the money.
When is another option better?
Steady monthly revenue gains little from a flexible payment; a line of credit can be simpler. Need capital on top of an open advance? Look at a second position.
Which neighboring cities can apply?
The nearest city on this list is Mount Vernon, at 3 miles. The biggest is New Rochelle, home to 2,235 employer companies.
| City | Distance | Employers |
|---|---|---|
| Mount Vernon, NY | 3 miles | 1,418 |
| New Rochelle, NY | 5 miles | 2,235 |
| Englewood, NJ | 7 miles | 1,193 |
| Bergenfield, NJ | 7 miles | 535 |
What do Yonkers owners want to know about revenue-share funding?
What percentage of revenue do RBF funders take?
It's set from margins and revenue history; the example uses 5%. Funders aim for a share an average month can carry.
What revenue do RBF funders count?
Deposits from sales, as shown in your statements or processor reports. Transfers between your own accounts don't count.
What does a clothing store need to get revenue-based financing?
Recent bank statements and a few minutes for the application. Yonkers' 87 clothing and accessories stores apply the same way as any other business.
Want quotes on revenue-share funding for your Yonkers firm?
Applying is free, and you never pay us a fee. Call 877-FUND-654 with any question. We call back, usually the same business day, and we talk with you before your file goes to any funder.