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NYC Future Fund

Are you a New York City business owner looking for flexible capital?

The NYC Future Fund offers financing to help small businesses access the capital they need to grow and navigate changes in the market. Revenue-based loans ranging from $100,500 to $500,000 are available at a 9% annual interest rate, with principal repayment terms designed to adjust based on business revenue, offering greater flexibility in managing cash flow so that small businesses may focus on growth.

Loan terms and eligibility criteria may change over time as the product will adapt based on community feedback

Learn More About NYC Future Fund

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What is a Revenue-Based Loan?

Unlike a traditional term loan, a revenue-based loan enables better cash flow management as principal repayments are based on a percentage of monthly revenue instead of fixed payments. When revenue is higher, payments increase, when revenue is lower, payments decrease.

Product Overview

Loan size
$100,500-$500,000

 

Interest
Monthly interest payments at a 9% annual interest rate

 

Principal
Monthly principal payments are designed to adjust to your business’s revenue patterns. Monthly principal payments are only required if your revenue exceeds a set threshold — defined as 25% of last year’s average monthly revenue

 

Term
5 years

 

Fees
3% origination fee; no application fees 

 

Technical assistance
Required monthly meetings with a Financial Coach to analyze cash flow and review revenue calculations until loan is repaid

Guaranty
Personal guaranty required from all owners of 20% or more 

 

Security
UCC filing

Loan Eligibility

To be eligible to apply for an NYC Future Fund loan, small businesses must meet the following requirements:

  • Must have at least 12 months in business with at least 1 year of prior tax returns 
  • $300,000+ in historical or projected annual revenue
  • Not a sole proprietor
  • Funds can be used for working capital, inventory, marketing campaign, hiring, materials; and small equipment purchases less than 25% of total loan request 
  • Authorize a credit check
  • Submit one year most recent tax returns, year-to-date financials and one year of monthly projections

How It Works
  • Step 1: Create/log in to your SBS Connect account
  • Step 2: Fill out a request for financing assistance and select "Revenue-based Loans"
  • Step 3: An account manager at your local NYC Business Solutions Center or Industrial Business Service Provider will reach out within two business days
  • Step 4: If eligible, the account manager will help you submit your completed loan application to the lender
  • Step 5: The lender will review the application and determine whether to award a loan based on the application
Get Started

CDFI Interested in Getting Involved?

Learn more and fill out an inquiry form.