If your business is working on, or hoping to work on, a project with a City agency or the NYC Economic Development Corporation (NYCEDC) as a prime or subcontractor, you may be eligible for a Contract Financing Loan. Loan repayment terms are aligned with the project payment schedule.

Loans of up to $500,000 at an annual interest rate of 3% are available to eligible businesses. Closing fees apply. To be eligible for a loan, you must:

• Have an operating business
• Be applying for financing as a prime- or sub-contractor to use toward a contract with a City agency or NYCEDC.

How it works:

• Step 1: Fill out the Contract Financing inquiry form.
• Step 2: If eligible, a participating lender will contact you within two business days.
• Step 3: Begin the loan application process.

Contact us for more information