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Quick Answer

Yes. New York City construction is one of the largest and highest-cost contractor markets in the US. NYC general contractors issue draws every 30 days, but prevailing wage labor must be paid bi-weekly under New York Labor Law. A NYC contractor averaging $150,000/month in deposits may qualify for $112,500-$225,000 to bridge the gap.

New York  ·  Contractor Funding

New York Contractor Funding
NYC, Buffalo, Albany & Statewide

Quick Answer: New York Contractors

New York contractors qualify for MCA based on monthly bank deposits. Minimum: $4,000-$6,000+/month, 500 FICO, 6+ months operating. Advance range: $15,000-$350,000. Review begins as soon as your file is complete. Funding timing is set by the funding provider after review. NY CFDL disclosure provided before signing. No tax returns, no collateral.

New York City is the largest construction market in the US. Prevailing wage labor requirements mean bi-weekly payroll must continue while GC draws arrive monthly. MCA is one of the only capital sources fast enough for NYC contractor cash flow cycles.

$15K-$350K
Advance range
40+
Competing funders
24-48 hrs
Funding timeline
500
Min FICO
New York Commercial Finance Disclosure Law (CFDL): Effective August 1, 2023

New York requires all commercial finance providers to disclose before signing: total amount funded, total repayment amount, total finance charge, APR equivalent, term, and prepayment policy. T.A.G. Business Funding provides a full CFDL-compliant disclosure on every New York MCA offer. If you receive an MCA offer in New York without this disclosure, request it in writing before signing.

New York Markets

Contractor Funding by New York Region

Manhattan / Midtown
One of the highest-value construction markets on earth. High-rise commercial, luxury residential renovation, and infrastructure work. Prevailing wage rates of $60-$150/hour mean bi-weekly payroll is enormous relative to GC draw cycles.
Typical: $50K-$350K
Brooklyn / Queens
Massive mixed-use and residential construction across Williamsburg, Long Island City, and DUMBO. Amazon HQ2-area development in Queens. Affordable housing (421-a) projects with complex draw schedules.
Typical: $30K-$250K
Bronx / Staten Island
Bronx affordable housing construction, Yankee Stadium area development, and Staten Island commercial expansion. DoT infrastructure subcontracts. Consistent public-sector project revenue.
Typical: $20K-$150K
Long Island / Westchester
Commercial and residential renovation, healthcare facility construction, and MTA transit work. Long Island contractors working on LIPA utility infrastructure and residential renovation have strong deposit profiles.
Typical: $20K-$200K
Buffalo / Rochester / Syracuse
Buffalo's Canalside and downtown revitalization. Rochester's medical campus construction (U of R Medical). Upstate NY CHIPS Act semiconductor facility construction creating major subcontractor demand through 2027+.
Typical: $15K-$120K
Albany / Capital Region
New York State government campus work, GlobalFoundries fab construction in Saratoga County, and Hudson Valley commercial development. Consistent state-adjacent project revenue.
Typical: $10K-$100K

Qualification

Stacks of lumber and building material staged at a jobsite yard
Material costs are committed at the start of a job, long before a GC draw request actually clears.

New York Contractor MCA Requirements

Minimum Monthly Deposits
$4,000-$6,000+/month
Minimum FICO Score
500 (soft pull to start)
Time in Business
6+ months operating
Documents Required
6 consecutive months bank statements + application
Advance Range
$15,000-$350,000
NY CFDL Disclosure
Required: provided before signing

FAQ

New York Contractor Funding: FAQ

Can a New York contractor get MCA between draw cycles?
Yes. NYC GCs issue draws every 30 days, but prevailing wage labor must be paid bi-weekly. A NYC contractor averaging $150,000/month in deposits may qualify for $112,500-$225,000 to bridge the payroll gap.
Does New York require commercial finance disclosure for contractors?
Yes. New York's CFDL (effective August 1, 2023) requires disclosure of total funded amount, total repayment, finance charge, APR equivalent, term, and prepayment policy before signing. T.A.G. provides CFDL-compliant disclosure on every NY offer. If you receive an NY MCA offer without this disclosure, request it before signing.
Can a New York contractor use MCA for prevailing wage payroll?
Yes. Prevailing wage projects in NY (public works, DOT contracts, MTA projects) require labor rates of $60-$120/hour or more depending on trade. MCA is one of the only capital sources fast enough to bridge the gap between GC draws and bi-weekly prevailing wage payroll obligations.
Can a New York contractor use MCA for Upstate CHIPS Act semiconductor construction?
Yes. The CHIPS Act semiconductor facility construction in Central and Western NY (GlobalFoundries expansion, proposed Micron facility near Syracuse) is creating massive subcontractor demand through 2027+. These projects have milestone-based draw schedules that create significant working capital gaps. MCA can bridge milestone gaps for Upstate NY contractors working on fab construction.
How fast can a New York contractor get funded?
Most NY contractor applications receive a decision once your file is complete. NYC contractors who submit a complete file early in the day get it in front of the funding provider sooner. The provider sets decision and funding timing.
How much can a New York contractor get with an MCA?
New York contractor MCA amounts typically range from $15,000 to $350,000 depending on monthly deposits. A NYC contractor averaging $200,000/month may qualify for $150,000-$300,000. A Buffalo or Rochester contractor averaging $60,000/month may qualify for $45,000-$90,000. An Albany or Syracuse contractor averaging $40,000/month may qualify for $30,000-$60,000.
What credit score does a New York contractor need for MCA?
The minimum FICO for New York contractor MCA approval is 500. MCA approval is primarily based on bank statement deposit volume, not credit history. A NYC contractor with 560 FICO and $60,000/month in consistent deposits will typically receive approval.
What New York contractor markets have the strongest MCA approval rates?
Manhattan and Brooklyn contractors working on high-rise commercial, mixed-use, and residential renovation projects have the highest MCA volumes due to project values and deposit sizes. The Bronx and Queens contractors working on affordable housing projects (421-a) and industrial facility work qualify on the same national criteria. Long Island and Westchester contractors working on commercial and residential renovation show consistent deposit profiles.

Cash Flow Pattern

Worker trowel finishing a concrete flatwork pour
Six consecutive BUSINESS bank statements show whether deposits are actually landing on a normal cycle, not whether any single draw was late.

The New York Contractor Draw Cycle

A signed contract does not pay the crew. New York contractors front materials, labor, and mobilization costs weeks before a GC or owner draw actually clears. The gap between doing the work and getting paid for it is what MCA is built to bridge, not a way to fund a business that is not otherwise winning signed work.

New York contractor draw-cycle timeline Illustrative draw-cycle timeline for a New York contractor: Contract Signed (Mobilization begins) then Work In Progress (Crew, materials, payroll) then Draw Requested (AIA / GC billing cycle) then Draw Paid (30-90 days later). The gap between mobilizing on a job and the draw that pays for it is what MCA is built to bridge. Contract SignedMobilization begins→Work In ProgressCrew, materials, payroll→Draw RequestedAIA / GC billing cycle→Draw Paid30-90 days later

Honest Guidance

When New York Contractor MCA Is (and Isn't) the Right Move

MCA is a bridge for a specific, time-boxed gap between a signed contract and the draw that pays for it. It is not the cheapest way to fund long-term growth or to cover a business that is not winning enough signed work on its own. The comparison below is meant to help you decide before you apply, not after.

When contractor MCA fits vs. when to wait, New York A two-column comparison for New York contractors: situations where a merchant cash advance solves a real, time-boxed draw-cycle gap, versus situations where a contractor should slow down, get a signed contract first, or compare a lower-cost option before applying. MCA fits right now when: A prevailing-wage public works, DOT, or MTA project has a draw schedule that lags real mobilization costs. A signed NYC commercial contract needs crew and materials capital before the first draw clears. Deposits are consistent but a specific project's draw timing creates a short-term cash gap. Wait or compare options first when: You only have a bid or estimate, not a signed contract or purchase order. Deposits are down for reasons unrelated to a specific draw-cycle timing gap, and MCA would just cover a shortfall. You have time to compare a bank line of credit or SBA option before committing to a factor rate.

Related Pages

Contractor Funding Hub → NY Restaurant Funding → New York Business Funding → California Contractor Funding → MCA Laws by State → What Is a Merchant Cash Advance? →

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CFDL disclosure provided  ·  500 FICO OK  ·  No hard pull at application
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Initial review uses a soft credit pull only. A hard credit pull typically occurs later, before final approval, and can affect your credit score by a few points.