Home / Mid-Hudson / Yonkers
Yonkers, New York · Westchester County · Credit-based startup funding
Startup Funding for Yonkers Entrepreneurs
Yonkers is New York State's fourth-largest city, a diverse Hudson River city right on the New York City line with a growing waterfront and film industry. If you have the idea but not the capital, get up to $150,000 at an introductory 0% rate for up to 24 months, approved on your personal credit.
Requires a 680+ FICO and every credit card below 50% utilization. Approval is not guaranteed. Terms set by our funding partner. Read the funding disclaimer.
Watch
How Startup Funding Works for Yonkers Founders
Read the video transcript
You have the idea. You have the plan. Maybe you've even picked out the name.
But when you walk into a bank, the first thing they ask for is two years of business history. And on day one, you don't have it.
That's the wall most New York entrepreneurs hit. Not a bad idea. Just no track record yet.
There's another way to fund a startup. It's called credit-based startup funding, and it's built for founders who are just getting started.
Instead of looking at your business history, approval is based on your personal credit.
That means no revenue required. No time in business. No bank statements. No tax returns.
Qualified founders can get up to $150,000, with an introductory 0% rate for up to 24 months.
Here's what you need. A FICO score of 680 or higher. Every credit card below 50% of its limit, with none maxed out. And a credit report pulled within the last seven days, with no credit freezes.
You can pull your report for free at annualcreditreport.com. Checking your own credit doesn't affect your score.
From Buffalo to Brooklyn, from Albany to Long Island, New Yorkers are turning ideas into businesses.
If you have the idea, the mission, and the credit, the funding may be closer than you think.
Check if you qualify today at nystartupfunding.com.
Local profile
Starting a Business in Yonkers
Yonkers is the largest city in Westchester County and the fourth-largest in New York State, bordering the Bronx on the Hudson River. Its population is one of the most diverse in the region.
The city has invested heavily in its downtown waterfront, and Yonkers has become a growing film and television production hub. Its location gives businesses access to both Westchester and New York City customers.
For a new founder, Yonkers offers big-city demand, lower costs than Manhattan, and an active city economic development office.
Opportunities
Startup Ideas That Fit Yonkers
Ideas that line up with how Yonkers's economy and community actually work.
Restaurants and food
Waterfront dining and neighborhood spots for a diverse city.
Film and production services
Equipment rental, catering, and services for productions.
Health care services
Home care, medical billing, and transport.
Skilled trades
Electrical, plumbing, and contracting for a large housing stock.
Personal services
Salons, barbershops, and fitness for busy neighborhoods.
Delivery and logistics
Last-mile delivery between Westchester and New York City.
Free local help
Free Business Resources for Yonkers Founders
Free and low-cost help for Yonkers founders. Use it to sharpen your plan, whether or not you apply for funding.
Small Business Development Center at Rockland Community College
Free, confidential business advising for founders in Westchester, Rockland, and Putnam counties.
SCORE Westchester
Free one-on-one mentoring from experienced business owners and executives in Westchester County, with workshops at local libraries.
Women's Enterprise Development Center (WEDC)
A White Plains nonprofit offering training, advising, mentoring, and access to capital for entrepreneurs, with programs open to everyone and offered in English and Spanish.
City of Yonkers Economic Development
The city's office for business development advice, financing initiatives, and property information.
Westchester County MWBE Resources
Westchester County's resources for minority- and women-owned businesses, including certification and contracting help.
SBA New York District Office
The U.S. Small Business Administration office serving New York City, Westchester, and the lower Hudson Valley, with information on SBA-backed loans and certifications.
We are not affiliated with these organizations. Details can change, so confirm services and hours directly with each one.
The process
Four Steps from Idea to Funded
The whole qualification rests on your personal credit, so the paperwork is short.
Pull your credit report
Get a free copy at annualcreditreport.com. Checking your own report does not affect your score.
Confirm you fit
Make sure your FICO is 680 or higher, every credit card is below 50% of its limit, and any credit freezes are lifted.
Apply with your report
Complete the application through our funding partner and attach the report you pulled in the last 7 days.
Review your offer
Go over the amount, the length of the 0% period, and the rate that follows before you accept.
Questions
Startup Funding FAQ for Yonkers Founders
Can I get startup funding in Yonkers with no revenue?
Yes. This credit-based program does not require revenue, bank statements, or time in business. Approval rests on your personal credit: a 680+ FICO, every credit card below 50% utilization, and an unfrozen credit report pulled within the last 7 days.
Where can Yonkers founders get free help?
The Rockland SBDC serves Westchester County with free advising, SCORE Westchester offers free mentoring, and the Women’s Enterprise Development Center provides training in English and Spanish.
What credit utilization do I need?
Each existing credit card must be below 50% of its limit, and none can be maxed out. On a card with a $1,000 limit, the balance needs to be under $500.
How much can a Yonkers business get?
Up to $150,000, at an introductory 0% rate for up to 24 months. Your actual amount depends on your credit profile and the funding partner's review. Standard rates apply after the introductory period.
Mid-Hudson
Startup Funding Near Yonkers
Ready to Fund Your Yonkers Startup?
See if you qualify for up to $150,000 at 0% for up to 24 months.