Supers, porters, handymen and cleaning crews are paid weekly. Managing agents and building owners often pay in 30, 45 or 60 days. Working capital covers the distance.
Apply Now →A property maintenance company is a people business with thin fixed costs and heavy payroll. Porters, handymen, building superintendents, cleaners and groundskeepers are paid on a regular cycle, and in New York City those wages follow a minimum wage that, per the state, is $17 an hour in 2026 across New York City, Long Island and Westchester, and $16 in the rest of the state. It is also indexed to rise from 2027.
The customers, though, are managing agents, co-op and condo boards, and commercial owners who process invoices through their own approval chain. A board's monthly meeting or an agent's payment run can add weeks. The service has already been delivered by then.
Growth is where the squeeze becomes sharp. For illustration only: a company that cleans and maintains five buildings wins a bid on five more. Hiring, equipping and insuring that second crew might cost $30,000 to $50,000 before the new buildings' first invoices are paid. Each extra account makes the company larger and the cash gap bigger, because payroll expands before receivables do.
Owners who handle this well plan the gap rather than hope it closes. Working capital can fund the added crew, the supplies and a cushion for the slowest-paying client. The other half of the plan is knowing which accounts pay slowly and pricing for it.
Building services have their own seasonal rhythm. Snow and ice removal brings overtime and salt purchases in a cold stretch, spring means window, facade and landscaping work, and the summer turnover season sends crews into vacated apartments for painting, cleaning and repairs. An emergency, such as a burst pipe or a flood in a basement, arrives on nobody's calendar and can require overtime labor on the same day.
These surges are good for revenue but hard on cash. Overtime wages and emergency supplies are paid right away, while the approved extra-work invoice goes through the managing agent's process. A company with a cash cushion can say yes to the emergency call without worrying about next Friday's payroll.
The application takes about five minutes with a soft credit pull. We look at about three months of business bank statements and do not require tax returns. FICO 500 and above is considered. Funding runs from $25,000 to $5,000,000 and can be in your account in as little as 24 hours after approval. Sole proprietors can apply, including independent handymen and super-contractors working under their own name.
If your deposits are a few large payments from managing agents rather than daily card sales, that is the normal shape for this kind of company.
Managing agents and boards process invoices through approval chains and monthly payment runs, so payment often follows service by several weeks while payroll is due weekly.
Yes. Sole proprietors can apply. We review about three months of business bank statements and no tax returns are required.
The state lists $17 per hour in New York City, Long Island and Westchester and $16 elsewhere in the state for 2026, with increases indexed beginning in 2027.
Payroll for a new crew, supplies, equipment, vehicles, insurance costs and a buffer for slow-paying accounts. Funding runs from $25,000 to $5,000,000.
The application uses a soft credit pull, so it does not add a hard inquiry. FICO 500 and above is considered.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
