A city of seven hills, 38 neighborhoods and a waterfront still being rebuilt keeps contractors busy. The bills arrive faster than the payments.
Apply Now →Yonkers had 211,569 residents in the 2020 census, the most of any city in Westchester County and the third-most in the state. Its history includes carpet mills, an elevator factory and a hat manufacturer, and some of those industrial buildings have been converted: two former carpet-company loft buildings on Nepperhan Avenue now house the YoHo Artist Community. Luxury apartment buildings have also gone up along the Hudson River, and the city is building the Yonkers Greenway rail trail.
Conversion, renovation and new construction in a built-out city mean steady work for trades of every kind, and a lot of work in tight spaces.
| Job type | Cash-flow feature |
|---|---|
| Industrial or loft conversion | Large materials orders early, payments at milestones |
| Multifamily and apartment repairs | Many small invoices to property managers |
| Storefront improvements in Getty Square or on Central Park Avenue | Short jobs with quick turnover and owner deposits |
| Public and infrastructure work | Reliable but slow payment cycles |
A contractor who works for property managers may see dozens of small invoices, each needing approval from a different owner or board. A few are paid in days, others in months. Your payroll treats them all the same: it comes due on Friday.
On older buildings, surprises behind the walls are common, and each one becomes a change order. Price the change before you do the work, get approval in writing and invoice it separately. Small, unapproved extras are a major source of unpaid money for trade contractors, and they are cheaper to fix with a habit than with a loan. If you are regularly waiting on approved work, a bridge can help. If you are regularly waiting on unapproved work, the fix is paperwork.
New York's 2026 minimum wage is $17 an hour in Westchester, with indexing from 2027, and skilled trades are paid well above that. A Yonkers contractor also deals with dense streets, hilly access and permits that take time. Each of these adds cost before any invoice is sent.
If you run several jobs at once, one page each Friday can prevent most surprises: payroll for next week, materials due in the next two weeks, payments expected in the next two weeks and the amount that is overdue. When the second number plus the first exceeds the third plus your balance, you have a gap, and you know how large it is. That is the number to bring to any funding conversation.
A Yonkers general contractor has three jobs open: a storefront renovation, a small apartment-building repair and a loft interior. Each is waiting on a payment of $15,000 to $30,000, and a new $60,000 job needs a $20,000 materials order this week. Funding sized to the materials order, repaid as the open invoices clear, keeps the schedule intact. Round numbers; not our terms.
We fund $25,000 to $5,000,000, in as little as 24 hours after approval. The application takes about five minutes with a soft credit pull. We ask for about three months of business bank statements, no tax returns. FICO 500+ is considered and sole proprietors can apply. We review your deposit history, and no specific trade is promised funding. See working capital or equipment financing, then apply.
Related: Yonkers, Westchester County, Mid-Hudson, restaurants, healthcare.
Yes. Sole proprietors can apply.
We review bank statements. Slow-paying clients are a common reason for a bridge.
Yes, materials and payroll are typical uses.
No, the application uses a soft pull.
FICO 500+ 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
