# Small Business Loans in New York

> New York pairs the world's leading financial center with a diverse statewide economy spanning healthcare, manufacturing, agriculture, and technology. Hoss Capital matches New York business owners with funding partners that lend across the state, from New York City to Buffalo, Rochester, and the Hudson Valley.

## Key takeaways
- New York's Commercial Finance Disclosure Law (Article 8, mandatory compliance date August 1, 2023) requires standardized, TILA-style APR and cost disclosures on commercial financing of $2,500,000 or less, including merchant cash advances.
- The economy pairs New York City finance, media, and professional services with upstate manufacturing, healthcare, and agriculture.
- Three SBA district offices—Metro New York, Buffalo, and Syracuse—handle 7(a) and 504 lending depending on your county.

## Funding the New York economy

New York is two stories in one state: the global financial and media capital
centered on New York City, and a deep, varied upstate economy built on
manufacturing, healthcare, higher education, and agriculture. Both create strong,
steady demand for capital — whether it's a Manhattan restaurant managing high
rent and payroll, a Buffalo manufacturer buying equipment, or a Rochester
practice expanding. High operating costs in much of the state make access to
flexible working capital especially valuable.

### Industries we fund across New York

- **Professional & financial services** — lines of credit and working capital
  for firms across the New York City metro.
- **Healthcare** — practice financing and build-outs in NYC, Long Island,
  Buffalo, and Rochester.
- **Manufacturing** — equipment loans for the industrial base around Buffalo,
  Rochester, and the Mohawk Valley.
- **Restaurants & hospitality** — working capital for high-cost food and
  beverage operators across the five boroughs and tourist regions.
- **Construction & real estate** — lines of credit and equipment financing to
  manage labor and material costs.
- **Agriculture** — working capital for farms and ag-services businesses across
  upstate and the Finger Lakes.

### What New York's disclosure law means for you

If you're considering a merchant cash advance or other commercial financing in
New York, the Commercial Finance Disclosure Law requires providers to give you
standardized, up-front disclosures — including an APR and finance charge — on
offers of $2.5 million or less, modeled on federal Truth in Lending rules. That
makes it much easier to compare offers side by side. Hoss Capital only works with
partners who operate transparently.

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Sources:
- https://www.nysenate.gov/legislation/bills/2019/S5470
- https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202302011
- https://www.dfs.ny.gov/industry_guidance/regulatory_activity/financial_services
- https://www.sba.gov/district/metro-new-york
- https://www.sba.gov/district/buffalo
- https://www.sba.gov/district/syracuse