In an old river city built of brick, iron and Victorian detail, contractors pay crews and suppliers long before a draw arrives. Funding is about that gap.
Apply Now →Troy sits on the east bank of the Hudson, just northeast of Albany, and had 51,401 residents in the 2020 census. It was once one of the most prosperous cities in the country, and the downtown still carries Victorian architecture from that era. Anyone who works on older buildings knows what that means: surprises behind the walls, specialty materials and schedules that slip.
Downtown revitalization efforts, including the River Street Antique District, mean there is steady interest in saving and reusing older structures. For a contractor, that work pays, but rarely on the same day it is done.
| Stage | What you pay | When you are paid |
|---|---|---|
| Mobilize | Deposits, permits, first materials | Often at start or after first milestone |
| Rough work | Crew payroll, subs, dumpsters, fuel | At the next draw after sign-off |
| Finish | Specialty materials, final subs | Draw plus any retained amount |
| Closeout | Punch list labor | After final acceptance |
The table is a general model. Terms vary by contract, and you should read yours.
A frequent pattern: you finish Job A and are waiting on the final draw while Job B demands materials and a deposit. If you take the second job, your balance has to carry both. Working capital can fill the gap, but only if the jobs themselves are profitable. Before applying, write down each job's expected payment date. If the dates line up with when you would repay, the amount is reasonable.
Work on historic buildings tends to turn up the unexpected: out-of-square framing, outdated wiring, hidden damage. Build a contingency into every bid, and decide before the job who pays when it is used. If the contract allows for change orders, price and approve them promptly. If it does not, the contingency is your protection, and a cash cushion is a second layer. Funding should sit behind these two protections, not replace them.
Say a Troy contractor wins a $120,000 commercial fit-out. Materials and subcontractors will cost about $40,000 in the first three weeks, and the first draw does not come until week five. The business is sound; the timing is not. A funding amount sized to that early cost, not the whole contract, covers the gap. These figures are an illustration only, not our terms or a typical result.
We fund $25,000 to $5,000,000, in as little as 24 hours after approval. The application is five minutes with a soft credit pull, and we ask for about three months of business bank statements, with no tax returns. FICO 500+ is considered and sole proprietors can apply. What we review is your deposit history, and no specific trade is promised funding. Read about working capital in Troy or equipment financing, then apply.
Explore the Troy hub, Rensselaer County, the Capital Region and the Troy restaurants and healthcare pages.
Bridging the weeks until a draw arrives is a typical use of working capital.
We review your business bank statements. Money that clients hold back will not show up as deposits, and that is part of why a cushion is useful.
Yes. Sole proprietors can apply, and no tax returns are required.
Yes, equipment is a common use. You can also compare equipment financing.
Size it to the cost you must front before payment arrives, not the full value of the job.
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
