Corporate Development Group logo

Corporate Development Group in New York, NY

4.6/5
Google rating from 20 reviews

Corporate Development Group offers merchant cash advances to small businesses, providing $5,000–$500,000 in funding within 48 hours for growth and operational needs.

Data compiled from public sources · Google rating shown when a stored review count is available

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Corporate Development Group Review

Corporate Development Group is a business financing provider that specializes in merchant cash advances for small businesses seeking rapid capital injection. The company positions itself as a fast, straightforward alternative to traditional small business lending, emphasizing speed and simplicity in their application and approval process. Founded to address the gap between business funding needs and lengthy traditional bank approval timelines, they target entrepreneurs and business owners requiring quick access to working capital.

The company offers merchant cash advances ranging from $5,000 to $500,000, with a stated funding timeline of within 48 hours. Their application process is designed to be streamlined, requiring basic business information (name, contact details) through their online form. They operate with an international phone number selection system, suggesting potential willingness to work with businesses across multiple regions, though their primary market appears to be U.S.-based small businesses.

Corporate Development Group differentiates itself through speed of funding and simplicity of the application process compared to traditional SBA loans or bank financing. The 48-hour funding promise and straightforward online application are key selling points. However, the website provides minimal detail about terms, rates, repayment structures, or eligibility requirements, which is typical of merchant cash advance providers who often structure repayment as a percentage of daily credit card sales rather than fixed monthly payments.

Potential borrowers should be aware that merchant cash advances, while fast, typically carry higher costs than traditional small business loans due to their structure and the risk profile they assume. The lack of listed fee, rate, and term information on the website makes it difficult to assess the true cost of borrowing before application. Interested applicants should request detailed disclosure of all terms and compare against alternative business financing options before committing.

Services & Features

48-hour funding for approved applicants
Capital for business growth and acceleration
Fast business financing without lengthy underwriting
Flexible funding amounts based on business needs
International applicant consideration (multi-country phone support)
Merchant cash advances ($5,000–$500,000)
Online application and approval process
Small business funding solutions

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • Rapid 48-hour funding timeline for businesses needing immediate capital
  • Wide funding range from $5,000 to $500,000 accommodates various business sizes and needs
  • Simple, streamlined online application process requiring limited-documentation claims to verify upfront
  • Accessible funding option for businesses that may not qualify for traditional bank loans
  • International phone number support suggests potential flexibility for diverse business profiles

Cons

  • Merchant cash advances typically carry significantly higher costs than traditional small business loans
  • Website provides no transparency on rates, fees, repayment terms, or actual cost of capital
  • Limited information about eligibility criteria, credit requirements, or approval standards
  • Repayment structure (percentage of daily credit card sales) can strain cash flow during slow sales periods
  • No details on what happens if business revenue declines or fails to meet repayment expectations

State Consumer Finance Context

This is state-level context for Business Loans consumers in New York, NY. It does not confirm that Corporate Development Group or this specific location is licensed.

State regulator

New York Department of Financial Services

Consumer protection

New York Attorney General Consumer Frauds Bureau

Personal loan rules in New York

Status: Permitted

Rate context: 16% civil usury cap; licensed lenders may negotiate rates for certain loan types

Personal loans from licensed lenders are permitted. Unlicensed lenders are subject to the 16% civil usury cap unless a specific exemption applies. Rates above 16% are civil usury; rates above 25% are criminal usury.

Installment loan rules in New York

Status: Permitted

Rate context: 16% civil usury cap for unlicensed lenders; licensed lenders may negotiate rates under Banking Law

Installment loans are legal in New York. Licensed lenders have greater flexibility in rate negotiation; unlicensed lenders are subject to the 16% civil usury cap. Consumer Protection Act (Gen. Bus. Law Article 22-A) requires clear disclosure of all terms.

Key state rules to check

  • Payday lending is banned; civil usury cap of 16% and criminal usury cap of 25% make it illegal.
  • The Department of Financial Services actively enforces against online payday lenders targeting NY residents.
  • Licensed lenders under the Banking Law may charge rates agreed upon for certain loan types.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Corporate Development Group offer?

Corporate Development Group offers 8 services including Merchant cash advances ($5,000–$500,000), 48-hour funding for approved applicants, Online application and approval process, Small business funding solutions, Capital for business growth and acceleration, and 3 more.

What profile signals are listed for Corporate Development Group?

Corporate Development Group has profile signals associated with Small business owners with strong daily credit card sales needing immediate working capital, Entrepreneurs who have been rejected by traditional banks but have established revenue, Retail, restaurant, or service businesses with consistent transaction volumes, Business owners in a time-sensitive situation requiring funding within days rather than weeks.

What are the strengths and weaknesses of Corporate Development Group?

Key strengths: Rapid 48-hour funding timeline for businesses needing immediate capital; Wide funding range from $5,000 to $500,000 accommodates various business sizes and needs; Simple, streamlined online application process requiring limited-documentation claims to verify upfront. Areas to consider: Merchant cash advances typically carry significantly higher costs than traditional small business loans; Website provides no transparency on rates, fees, repayment terms, or actual cost of capital.

How does Corporate Development Group compare to similar companies?

In the Business Loans category, comparable providers include Lending Bee | Trusted Hard Money Lender California, MoFin Lending, RNC Mortgage B Lenders for Construction & Land. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Headquarters
New York, NY
BBB Accredited
No
Visit Corporate Development Group

CreditDoc Profile Note

Research Note on Corporate Development Group

Corporate Development Group is profile signals for small business owners with established revenue streams who need capital urgently and can tolerate the higher costs of merchant cash advances in exchange for speed. The primary caveat is that the lack of listed pricing and terms on their website makes it impossible to assess true borrowing costs before application—applicants must request full disclosure and compare rates against SBA loans, business lines of credit, and other financing alternatives before committing.

Profile Signals

  • Small business owners with strong daily credit card sales needing immediate working capital
  • Entrepreneurs who have been rejected by traditional banks but have established revenue
  • Retail, restaurant, or service businesses with consistent transaction volumes
  • Business owners in a time-sensitive situation requiring funding within days rather than weeks
Updated 2026-04-30

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Compare Your Needs With Corporate Development Group

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Do consumers may need good credit for an SBA loan? Do merchant cash advance report to credit? Do immigrants get free business loans? Can you refinance an equipment loan?

Quick Summary

  • Corporate Development Group is listed as a Business Loans provider in New York, NY on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

Next Steps

Find contact or location Check phone, address, map, and website availability. Check specific services See whether the provider lists the help you need. Review fit context Use the quiz to compare category, service, and public-rating fields. Compare alternatives Review similar providers before making contact. Improve your position What Your Credit Score Actually Means: Number-by-Number Breakdown Learn the basics Start the free Credit Fundamentals course.

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Financial Terms Explained (7 terms)

New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.

Interest & Rates

APR — Annual Percentage Rate

The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.

Why it matters

Lenders are required to show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the lower-cost loan.

Example

You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.

Interest Rate

The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.

Why it matters

Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.

Example

On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.

How Loans Work

Cosigner — Loan Cosigner

A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.

Why it matters

Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.

Example

A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.

Loan Term (Tenor) — Loan Term / Tenor

How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.

Why it matters

Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.

Example

Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.

Origination Fee — Loan Origination Fee

A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.

Why it matters

Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.

Example

You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.

Principal — Loan Principal

The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.

Why it matters

Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the one route to reduce your total cost and pay off a loan early.

Example

You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.

Underwriting — Loan Underwriting

The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.

Why it matters

Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.

Example

You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.

Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.

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