If your business is working on, or hoping to work on, a project with a City agency or City-funded entity 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 to apply for a loan, you must:
- Have an operating business
- Be applying for financing as a prime or subcontractor to use toward a contract with a City agency or City-funded entity
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: Submit a complete loan application to the lender
- Step 4: The lender will review the application and determine whether to award a loan based on the application
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