New York · Janitorial Services Industry
New York City's commercial office towers, retail corridors, and multi-tenant buildings need nightly cleaning contracts to stay leasable, and winning one of those contracts almost always means hiring a crew and buying equipment before the first invoice is ever paid. MCA funding bridges that gap using your existing bank deposit history.
Janitorial services businesses in New York qualify for MCA with 6+ months in business, $4,000-$6,000+/month in business bank deposits, and a 500+ FICO. Initial submission is a signed application plus 6 consecutive months of business bank statements, nothing more. Decision timing is set by the funding provider.
New York City anchors one of the largest concentrations of commercial office space in the country. Manhattan alone holds hundreds of millions of square feet of office towers, and Midtown and Lower Manhattan together account for a meaningful share of all commercial office space in the United States. Every one of those buildings, along with the dense retail corridors that run through avenues like Fifth and Madison and the ground-floor storefronts beneath residential towers across the boroughs, needs a recurring nightly or daytime cleaning contract to stay leasable and code-compliant. Large multi-tenant office towers typically hold that cleaning contract through a building-services or facilities-management relationship rather than in-house staff, which is the core commercial opportunity a janitorial contractor is actually competing for in this market.
That opportunity comes with real competitive pressure. Commercial cleaning contracts in New York City are frequently bid through property management companies and building-services brokers, and a meaningful share of the commercial office-cleaning workforce in the city is organized through building-service employee unions, most prominently 32BJ SEIU, one of the largest property-service worker unions in the country. Winning and holding a contract in a unionized building can mean higher, more predictable wage and benefit costs than a comparable non-union contract, which affects both how a contractor prices a bid and the payroll it commits to the moment a contract is actually won.
Janitorial and commercial cleaning companies run into a specific, recurring timing gap the moment they win new business. Landing a contract for an office tower, a retail chain, or a school district means hiring and training a crew sized to that building or account, and buying the equipment and bulk supplies the job requires, before the first invoice for that contract is ever paid. None of that startup cost is optional or deferrable: the crew has to be in the building on day one of the contract, fully equipped, or the contract is at risk.
Meanwhile, the commercial clients and property managers who sign these contracts typically pay on net-30 or net-60 invoicing terms, sometimes with a first invoice that does not go out until a full billing cycle after the contract starts. Cleaning-crew payroll runs on a completely different clock: it is usually weekly or biweekly, and it is due continuously regardless of when a client's invoice actually clears. Bulk supply and equipment costs are frequently due on delivery as well. A contractor can win a genuinely profitable contract and still face a real cash squeeze in the weeks between staffing up and collecting the first payment for the work.
MCA funding is sized against a contractor's existing bank deposit history rather than a signed contract or a client's payment terms, which is why it fits this specific gap: it bridges the weeks between when crew payroll and supply costs are due and when a net-30 or net-60 invoice actually collects.
MCA is a good fit for a janitorial contractor with existing deposit history who needs to bridge a specific, known timing gap. It is not the right tool for every stage of a cleaning business. Use the honest guide below.
A merchant cash advance is priced with a one-time factor rate, not an annualized interest rate. Example: a $15,000 advance at a 1.20 factor rate means $18,000 total repayment, a $3,000 cost of capital. That total is fixed at origination and repaid via a daily or weekly percentage of your bank deposits, not a fixed monthly loan payment.
| Advance Amount | Factor Rate | Total Repayment | Cost of Capital |
|---|---|---|---|
| $15,000 | 1.20 | $18,000 | $3,000 |
New York enacted a commercial financing disclosure law, the Commercial Finance Disclosure Law under Part 600 NYCRR, effective August 2023. It requires MCA and commercial-financing providers to disclose an annualized cost rate, the total repayment amount, and prepayment terms to New York business borrowers before a transaction is finalized. The law does not cap factor rates; it requires transparency so a New York business can see the true cost of the financing it is considering. T.A.G. is an independent ISO and broker, not a direct lender, and does not itself set or fund the transaction; the disclosure obligation runs to the funding provider that issues the actual offer.
T.A.G. Business Funding
$4,000-$6,000+/month revenue, 6 consecutive months of business bank statements, 500+ FICO minimum.
500+ FICO minimum · 6+ months in business · $4,000-$6,000+/month revenue
Yes. Janitorial services businesses in New York qualify for MCA with 6+ months in business, $4,000-$6,000+/month in business bank deposits, and a 500+ FICO. Approval is based on your deposit history, not your credit score alone.
Exactly 6 consecutive months of business bank statements, the same window used for the time-in-business minimum, with an average ending balance of $4,000+ across those 6 statements. Personal statements are not accepted.
No. A merchant cash advance is a purchase of a fixed amount of your future receivables, not a loan. There is no interest rate, no fixed monthly payment, and no fixed maturity date. It is priced with a one-time factor rate applied to the advance amount.
MCA amounts are typically 75%-150% of average monthly bank deposits. For example, a $15,000 advance at a 1.20 factor rate means $18,000 total repayment ($3,000 cost of capital), repaid via a daily or weekly percentage of deposits, not a fixed monthly bill.
Initial review uses a soft credit pull, which does not affect your score. A hard credit pull typically occurs later, before final approval, and carries a real, disclosed impact of about 2 to 5 points on your credit score. There is no version of this process with zero credit impact.
In most cases, yes. MCA agreements typically require a personal guarantee from the business owner. Any offer that claims otherwise should be reviewed carefully before you sign.
Yes. New York's Commercial Finance Disclosure Law (Part 600 NYCRR), effective August 2023, requires MCA providers to disclose an annualized cost rate, total repayment amount, and prepayment terms on New York transactions. The law does not cap factor rates; it requires transparency about the true cost of the financing.
Last reviewed: September 2026. T.A.G. Business Funding is an independent ISO partner, not a direct lender. All examples are illustrative. Advance amounts and rates vary by business profile and funder. Not financial advice.
