New York City Contract Financing Program

Fund your next contract opportunity with the City of New York through Pursuit.

Bidding on a contract opportunity with New York City-based government agencies is a competitive process. In order to be successful, you’ll need to ensure you have enough capital to cover the cost of fulfilling the contract to put forth a competitive bid. Luckily, there’s a financing option specifically designed for that need.

The New York City Contract Financing Loan Fund can provide you with a line of credit to help you take on contract work and open a world of opportunity. If your business is bidding on or currently working on a project with a New York City agency or NYC Economic Development Corporation (NYCEDC) as a prime or subcontractor, you may be eligible for the NYC Contract Financing program.

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Low interest rate

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Interest-only payments

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Available to prime and subcontractors

NYC Contract Financing Program Details


  • Loan amount: Up to $1,000,000
  • Interest rate: 3%
  • Term: aligned with project payment schedule
  • Fees: 1 – 2%, which will be financed into the loan
  • Time to funding: approvals and disbursement of funds are provided on a case-by-case basis, but generally take place between 3 to 4 weeks for a decision and an additional 4 to 6 weeks for disbursement.

Is the NYC Contract Financing Program through Pursuit right for me?


The NYC Contract Financing Program is specifically for businesses bidding on a contract or currently working on a project with a New York City government agency or NYCEDC. To qualify for Pursuit’s program, you must have:

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

To apply, you’ll need to provide some standard information about your business, as well as:

  • The size, scope and cash requirements of the contract project
  • The name of the agency providing the contract, the contract category and contract type
  • A capabilities statement to demonstrate your business’s experience in contracting with government agencies, including the agencies you’ve previously worked with, the number of contracts you’ve completed and the dollar amounts for those projects.

Contract opportunities are available across nearly all industries, from commercial cleaning services to child care, and from building construction to furnishings, landscaping and maintenance.

What can you use the NYC Contract Financing Program through Pursuit for?


Funds from the NYC Contract Financing loan fund can only be used for contract-related expenses. The funds you’ll access through the line of credit can only be applied to the contract used for your application. Many businesses use the program to cover the cost of:

  • Payroll expenses for staff working on the contract
  • Purchasing equipment
  • Contract-related supplies and materials
  • And more

If you need additional support, reach out to our team of experts. You can find help with creating an executive summary, financial projections, work-in-progress reports and more. Fund your next contract with a NYC-based agency or NYCEDC through Pursuit. With the right plan and the right funding, opportunity is yours.

The NYC Contract Finance Program is administered by Pursuit Community Finance

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