- 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.