Start-Up Funding New York

Every new business owner, whether he owns a small business or a large business, needs to find start-up funding for his new project. Start-up funding for any business, no matter what the size, can be challenging to find, but it is out there if you know where to look.


1 . Local Companies

Bank of America - Niagara Falls Boulevard Office
(716) 833-3330
1188 Niagara Falls Blvd.
Tonawanda, NY
Bank of America - Payne Avenue Office
(716) 694-2551
1012 Payne Ave.
North Tonawanda, NY
Bank of America - South Park Office
(716) 822-0755
1989 South Park Ave.
Buffalo, NY
Bank of America - South Side Office
(716) 822-4601
2221 Seneca St.
Buffalo, NY
Bank of Holland
(716) 537-2264
12 South Main St.
Holland, NY
Citizens Bank - Mid City Plaza/Tops
(716) 692-4397
301 Meadow Dr.
North Tonawanda, NY
Citizens Bank - Niagara St./Tops
(716) 693-2658
150 Niagara St.
Tonawanda, NY
Citizens Bank - South Park-Buffalo/Tops
(716) 826-0500
1989 South Park Ave.
Buffalo, NY
Citizens Bank - Tonawanda
(716) 693-2440
20 Main St.
Tonawanda, NY
Citizens Bank - Young St.-Tonawanda/Tops
(716) 693-7285
890 Young. St.
Tonawanda, NY

2 . Using Commercial Banks

When considering sources of funding, one of the first options that come to mind is to get a loan from the bank. This can work well, but there are several hurdles to overcome before your business will be approved for a loan. Commercial lenders are typically leery of loaning money to small business start-ups, because there is such a high chance of failure.

When approaching a commercial lender for funding, you will need a well developed business plan that shows when your business will be profitable. Also, it may help to have some sales under your belt before approaching the lender, as commercial lenders are looking for success. If you are given a loan from a bank, you may have to use some collateral of your own to get approved. If you put up your house, for example, to back the loan, the bank may be more willing to accept you because they have a way to get their money back if you should fail in your small business start-up. Of course, you then risk losing your collateral if you should not be able to pay back the loan.

Finally, your personal credit history needs to be clean when applying for start-up funding with a traditional bank. Since the bank has no business credit history to critique, your personal credit is the only thing that the bank can consider when deciding whether or not you are a good risk. If your credit rating is less than desirable, clean it up before applying for a traditional loan.

3 . Using Your Own Money

Depending on how much you need, you may be able to use some of your own money for your small business start-up funding. Consider, for example, your retirement savings. If your business is a sure endeavor, you can open up your 401(k) or IRA early and use some of that money to start your business. However, remember that when you do this, you will be sacrificing your own financial security should your business fail.

Another option is to get a personal loan, not a business loan, to help you with your start up expenses. A home equity loan, for instance, is something you can write off on your taxes. This will only work for small businesses, however, because the large amounts needed for a larger start-up will not be available in personal loans. If you only need a few thousand to get your feet off the ground, you may be able to get a personal loan to cover this.

4 . Tap into the Resources of Friends and Family

A third option you have for business start-up funding is to use your friends and family members. This does, of course, require that you have friends or family members who have some money to invest. If you do, however, you could offer them a decent return on investment if they are willing to loan you money.

If you do ask friends and family members to loan you the money for your start-up expenses, be sure to handle the transaction professionally. Treat your friend as if he was a banker, because that is how he is acting towards you and your business. Create a written contract that outlines how and when you will repay the loan. Be sure to set up a payment plan that is acceptable for both you and your lender.

Keep in mind that failing to repay a loan that you are given from a friend or family member could cause you to damage your relationship with that person. Be sure that the individual knows exactly what your business entails and what the risks are. Have a back up plan that you can use if your business does not succeed as you expect it to so that you can still repay your loved one.

5 . Featured Local Company

Bank of America - Niagara Falls Boulevard Office

(716) 833-3330
1188 Niagara Falls Blvd.
Tonawanda, NY

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- Start-Up Funding Albany NY
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- Start-Up Funding Bayside NY
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- Start-Up Funding Binghamton NY
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- Start-Up Funding Bronxville NY
- Start-Up Funding Brooklyn NY
- Start-Up Funding Buffalo NY
- Start-Up Funding Cambria Heights NY
- Start-Up Funding Camillus NY
- Start-Up Funding Canandaigua NY
- Start-Up Funding Centereach NY
- Start-Up Funding Central Islip NY
- Start-Up Funding Clifton Park NY
- Start-Up Funding Cohoes NY
- Start-Up Funding College Point NY
- Start-Up Funding Commack NY
- Start-Up Funding Copiague NY
- Start-Up Funding Coram NY
- Start-Up Funding Corning NY
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- Start-Up Funding Deer Park NY
- Start-Up Funding Delmar NY
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- Start-Up Funding Dunkirk NY
- Start-Up Funding East Amherst NY
- Start-Up Funding East Aurora NY
- Start-Up Funding East Elmhurst NY
- Start-Up Funding East Islip NY
- Start-Up Funding East Meadow NY
- Start-Up Funding East Northport NY
- Start-Up Funding East Setauket NY
- Start-Up Funding East Syracuse NY
- Start-Up Funding Elmhurst NY
- Start-Up Funding Elmira NY
- Start-Up Funding Elmont NY
- Start-Up Funding Endicott NY
- Start-Up Funding Fairport NY
- Start-Up Funding Far Rockaway NY
- Start-Up Funding Farmingdale NY
- Start-Up Funding Farmingville NY
- Start-Up Funding Floral Park NY
- Start-Up Funding Flushing NY
- Start-Up Funding Forest Hills NY
- Start-Up Funding Franklin Square NY
- Start-Up Funding Fredonia NY
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- Start-Up Funding Fresh Meadows NY
- Start-Up Funding Fulton NY
- Start-Up Funding Garden City NY
- Start-Up Funding Glen Cove NY
- Start-Up Funding Glen Oaks NY
- Start-Up Funding Glens Falls NY
- Start-Up Funding Gloversville NY
- Start-Up Funding Great Neck NY
- Start-Up Funding Hamburg NY
- Start-Up Funding Hauppauge NY
- Start-Up Funding Hempstead NY
- Start-Up Funding Hicksville NY
- Start-Up Funding Hilton NY
- Start-Up Funding Holbrook NY
- Start-Up Funding Hollis NY
- Start-Up Funding Hopewell Junction NY
- Start-Up Funding Horseheads NY
- Start-Up Funding Howard Beach NY
- Start-Up Funding Huntington NY
- Start-Up Funding Huntington Station NY
- Start-Up Funding Islip NY
- Start-Up Funding Ithaca NY
- Start-Up Funding Jackson Heights NY
- Start-Up Funding Jamaica NY
- Start-Up Funding Jamestown NY
- Start-Up Funding Kew Gardens NY
- Start-Up Funding Kings Park NY
- Start-Up Funding Kingston NY
- Start-Up Funding Lancaster NY
- Start-Up Funding Larchmont NY
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- Start-Up Funding Lockport NY
- Start-Up Funding Long Beach NY
- Start-Up Funding Long Island City NY
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- Start-Up Funding Mahopac NY
- Start-Up Funding Malone NY
- Start-Up Funding Mamaroneck NY
- Start-Up Funding Manhasset NY
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- Start-Up Funding Middletown NY
- Start-Up Funding Mineola NY
- Start-Up Funding Monroe NY
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- Start-Up Funding Mount Kisco NY
- Start-Up Funding Mount Vernon NY
- Start-Up Funding Nanuet NY
- Start-Up Funding New City NY
- Start-Up Funding New Hartford NY
- Start-Up Funding New Hyde Park NY
- Start-Up Funding New Paltz NY
- Start-Up Funding New Rochelle NY
- Start-Up Funding New Windsor NY
- Start-Up Funding New York NY
- Start-Up Funding Newburgh NY
- Start-Up Funding Niagara Falls NY
- Start-Up Funding North Babylon NY
- Start-Up Funding North Tonawanda NY
- Start-Up Funding Nyack NY
- Start-Up Funding Oakland Gardens NY
- Start-Up Funding Oceanside NY
- Start-Up Funding Ogdensburg NY
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- Start-Up Funding Patchogue NY
- Start-Up Funding Pearl River NY
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- Start-Up Funding Pittsford NY
- Start-Up Funding Plainview NY
- Start-Up Funding Plattsburgh NY
- Start-Up Funding Port Chester NY
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- Start-Up Funding Port Washington NY
- Start-Up Funding Potsdam NY
- Start-Up Funding Poughkeepsie NY
- Start-Up Funding Queens Village NY
- Start-Up Funding Queensbury NY
- Start-Up Funding Rego Park NY
- Start-Up Funding Rensselaer NY
- Start-Up Funding Richmond Hill NY
- Start-Up Funding Ridgewood NY
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- Start-Up Funding Rome NY
- Start-Up Funding Ronkonkoma NY
- Start-Up Funding Roosevelt NY
- Start-Up Funding Rosedale NY
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- Start-Up Funding Saint Albans NY
- Start-Up Funding Saint James NY
- Start-Up Funding Saratoga Springs NY
- Start-Up Funding Saugerties NY
- Start-Up Funding Sayville NY
- Start-Up Funding Scarsdale NY
- Start-Up Funding Schenectady NY
- Start-Up Funding Selden NY
- Start-Up Funding Shirley NY
- Start-Up Funding Smithtown NY
- Start-Up Funding South Ozone Park NY
- Start-Up Funding South Richmond Hill NY
- Start-Up Funding Spencerport NY
- Start-Up Funding Spring Valley NY
- Start-Up Funding Springfield Gardens NY
- Start-Up Funding Staten Island NY
- Start-Up Funding Stony Brook NY
- Start-Up Funding Suffern NY
- Start-Up Funding Sunnyside NY
- Start-Up Funding Syosset NY
- Start-Up Funding Syracuse NY
- Start-Up Funding Tarrytown NY
- Start-Up Funding Tonawanda NY
- Start-Up Funding Troy NY
- Start-Up Funding Uniondale NY
- Start-Up Funding Utica NY
- Start-Up Funding Valley Stream NY
- Start-Up Funding Vestal NY
- Start-Up Funding Wantagh NY
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- Start-Up Funding Webster NY
- Start-Up Funding West Babylon NY
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