Do you fund residential remodeling GCs?

Residential remodeling is a restricted category with at least one funder, and we cannot promise funding for it. This page is about commercial and trade work.

Do I need a contractor license number to apply?

We do not list that here. Confirm any license requirements with the relevant authority.

Can a small GC with a few subs apply?

Yes. Sole proprietors can apply, and our range starts at $25,000.

Is credit pulled hard?

No, the application uses a soft pull.

Business Line of Credit for General Contractors in New York

The GC sits in the middle of the cash chain

A general contractor is paid by the owner and pays everyone else. Subcontractors, suppliers and day labor expect their money on a schedule that rarely matches when the owner's money arrives. The GC holds the difference.

This page is about commercial and trade work, such as tenant fit-outs, light commercial construction and trade packages. Funding for residential remodeling is a restricted category, and we do not promise it.

Who waits on whom

Party	Expects payment	Effect on the GC
Subcontractors	On their own schedule, often before the GC is paid	GC floats the gap
Material suppliers	On account terms	Missed terms can mean delayed deliveries
Own crew	Weekly	Fixed even if the owner pays late
Project owner	After review and approval	The slow link in the chain

How a line helps

The general idea of a line of credit is that you have access to funds and use what you need. For a GC, that can mean drawing to pay a sub when a project owner delays, then letting incoming payments replenish the cushion. How any offer is set up is spelled out in the paperwork, so read it carefully.

A planning question worth asking

Think about your largest single payment obligation: the biggest sub, or the biggest material package. If you had to pay that three weeks before the owner pays you, would your cash account cover it alongside payroll? If not, that gap is the size of line to explore.

Our requirements

We fund $25,000 to $5,000,000, and funding can arrive in as little as 24 hours. A FICO score of 500 or higher is considered, we ask for about three months of business bank statements, and no tax returns are required. The application takes about 5 minutes and uses a soft credit pull. Sole proprietors can apply.

A worked example, for illustration only

A GC is managing a tenant fit-out with a $200,000 subcontractor package. Two subs finish and want payment of $55,000 together, but the owner's approval process puts payment a month out. Paying subs on time protects relationships and the schedule. The figures are round and illustrative, not a quote or a typical outcome.

How a GC can use a line without overextending

Draw for a specific payment, such as a sub invoice, and repay when the owner pays that job.
Avoid using the line to cover a cost overrun that will not be reimbursed.
Review the balance every month so a short-term draw does not become permanent.
Keep a small cash buffer so you are not drawing for every minor expense.

That kind of discipline matters more than the size of the line.

Relationships you protect by paying on time

A GC's reputation is built partly on whether subs get paid when promised. Good subs choose the GCs who pay consistently and put them first on the schedule. A line of credit that lets you pay a sub on the agreed date, even when the owner is late, protects that standing. It also lets you negotiate better scheduling next time.