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Contract Financing Loan Fund

Get the Funds You Need to Take on City Contracts

If your business is working or bidding on a contract 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 $1,000,000 at an annual interest rate of up to 3 percent are available to eligible businesses. Closing fees apply.

Loan Eligibility

To be eligible to apply for a loan, you must:

  • Have an operating business
  • Be seeking 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 a request for financing assistance and select "Contract Financing"
  • Step 2: An account manager at your local NYC Business Solutions Center or Industrial Business Service Provider will reach out within two business days
  • Step 3: If eligible, the account manager will help you submit your completed loan application to the lender
  • Step 4: The lender will review the application and determine whether to award a loan based on the application