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nyc criminal lawyers over 30 years of experienceWe Know How To Win Cases

Spodek Law Group handles tough cases
nationwide, that demand excellence.

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Faced 5+ Years in Prison

People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

Why Choose Us

Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.

Regardless of the type of situation you're facing, our attorneys are here to help you get quality representation.

We can setup consultations in person, over Zoom, or over the phone to help you. Bottom line, we're here to help you win your case.

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Meet Todd Spodek

WE PROVIDE WHITE GLOVE SERVICE TO CLIENTS
WHO WANT MORE FROM THEIR ATTORNEY

The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

New York Business Funding: Loans, Crowdfunding and Investors

New York Business Funding: Loans, Crowdfunding and Investors

Loans

Loans allow you to borrow money that has to be paid back over time, usually with interest. There are several loan options specifically tailored to the needs of small businesses.

SBA Loans

The Small Business Administration (SBA) guarantees loans made by banks and other lenders to qualifying small businesses. This makes the lenders more willing to approve loans for startups and businesses that might not otherwise qualify. Popular SBA loan programs include:

  • 7(a) Loans: The most common type of SBA loan, with loan amounts up to $5 million. Can be used for working capital, equipment, real estate, and more.
  • 504 Loans: For purchasing real estate or equipment. Requires 10% borrower contribution.
  • Microloans: Loans up to $50,000 from non-profit lenders, often with more flexible qualification requirements.

To qualify for SBA loans, you’ll need a good personal and business credit score, collateral, and a viable business plan. Interest rates are competitive, usually between 6-13%.

Alternative and Online Lenders

If you don’t qualify for an SBA loan or need funding faster, alternative online lenders like Kabbage, OnDeck, and LendingClub offer small business loans with less stringent requirements. However, their interest rates are often higher, from 10-36%.

Business Credit Cards

Business credit cards essentially function as revolving lines of credit with more flexible repayment options. Popular cards for startups include the Chase Ink Business cards and American Express Business cards. Manage your balance responsibly to avoid high interest charges.

Friends and Family

Borrowing from people close to you allows you to avoid credit checks and qualifications. Be sure to formalize the terms with a loan agreement stipulating repayment schedules, interest, etc.

Crowdfunding

Crowdfunding campaigns allow you to raise funds from a large number of backers through an online platform. Popular options include:

  • Kickstarter: Backers receive rewards or the product itself in exchange for pledges. Best for creative projects with an existing fanbase.
  • Indiegogo: Flexible funding options. You get to keep the money even if you don’t hit your goal.
  • GoFundMe: Best for personal causes and charity fundraising, but some business campaigns do well here too.

Crowdfunding works best when you already have an audience excited about your product or service. Design rewards cleverly and run an aggressive marketing campaign to attract backers.

Finding Investors

Equity investors provide startup capital in exchange for partial ownership in your business. Here are some options to connect with potential investors:

  • Startup Competitions: Events like GENIUS NY and 43North offer prize money, mentorship opportunities, and access to investors.
  • Angel Investor Groups: Organizations like New York Angels and Golden Seeds have high net-worth individual investors looking to fund startups.
  • Equity Crowdfunding: Online platforms like WeFunder and SeedInvest let you raise smaller amounts from non-accredited investors.
  • Venture Capital Firms: Companies like Insight Partners and Greycroft invest in high-growth startups in exchange for equity.

Getting funded by investors has more stringent qualification requirements, like demonstrating traction and previous startup success. You’ll also have to give up equity and some control of your company. But the payoff in growth capital can be worth it.

Other Funding Options

Here are a few other ways New York business owners can secure capital:

  • Grants from government agencies and non-profits
  • Invoice factoring through companies like BlueVine
  • Asset financing by borrowing against inventory, equipment, invoices, etc.
  • Retirement account funds via ROLLOVER FOR BUSINESS STARTUPS (ROBS)
  • Personal assets such as savings, home equity, or liquidating stocks

Key Takeaways

  • SBA loans, business credit cards, and alternative lenders offer financing for those who qualify
  • Crowdfunding works by raising small investments from a large number of supporters
  • Equity investors and venture capital provide growth capital in exchange for partial company ownership
  • Grants, retirement funds, assets, and credit lines offer additional funding options

Securing capital is a crucial hurdle for any New York startup. With proper planning and persistence, there are viable options for funding your entrepreneurial aspirations right here in the Empire State. Reach out to our firm if you need assistance developing your funding strategy or connecting with investors. Our attorneys have worked with over 500 founders and funded over $2 billion in early stage companies.

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Testimonials

I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

Spodek Law Group

White Glove Service

We Provide Superior Service, Excellent Results, At A Level Superior To Other Criminal Defense Law Firms. Regardless Of Where Your Case Is, Nationwide, We Can Help You.
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