NYC Contract Financing Loan Program

Key Features

  • Low Interest Rate
  • Interest Only Payments
  • Available to Prime and Subcontractors

The New York City Contract Financing Loan Program through Pursuit can provide you with a line of credit up to $1,000,000 to help you submit a bid or continue work on a contract project with New York City Agency or NYCEDC

About The Program

  • Loan Amount: up to $1,000,000 in funding.
  • Interest Rate: Fixed at 3%
  • Term: aligned with project payment schedule.
  • Fees: 1-2%, which is financed into your loan
  • Time to funding: approvals and disbursement of funds are determined on a case-by-case basis. Generally, approvals are provided in 3-4 weeks

Will I Qualify?

  • One or more years in business
  • Positive or break-even cash-flow
  • Personal credit score of 600 or higher
  • $100,000 or more in annual revenue

Required Information

  • Most recent 3 years of business and personal tax returns
  • Contract cash flow cycle report
  • The size, scope and cash requirements of the contract project
  • The name of the agency providing the contract, the contract category and contract type
  • Work in progress report
  • A capabilities statement demonstrating your business's experience in contracting with government agencies