How fast can an NYC contractor get paid with construction factoring?

Typically the same or next business day after an approved progress billing is submitted with supporting documentation — an advance of typically 80-90%, with the factor collecting from the GC or developer on their normal terms. Not all applicants qualify.

Does approval depend on my credit or my customer's?

Approval rides mainly on the creditworthiness of the general contractors, developers, or owners you bill, not your own credit. New York's base of established GCs and developers means strong debtor credit is often available. Not all applicants qualify.

How is retainage handled?

Retainage is typically advanced when it is billed and approved for release, not at the original progress billing, since it is held until closeout. We structure around each project's retainage and lien-waiver requirements.

What if I need a lump sum instead of per-invoice funding?

Y Millennial Funding also offers revenue-based advances — a lump sum against overall future receivables for businesses doing $50,000+ in monthly revenue, repaid through remittance that scales with deposits. Not all applicants qualify.

New York/New York City

Construction Factoring in New York City

New York City construction runs on some of the longest payment chains in the country — high-rise commercial and residential towers, public works, institutional projects, and buildouts across the five boroughs. Contractors and subcontractors invoice general contractors and developers on net-30 to net-90 terms, often with heavy retainage, while payroll, materials, and equipment come due now. Construction factoring advances typically 80-90% against approved progress billings, so you get paid without waiting on the GC. Y Millennial Funding offers construction factoring for NYC contractors and subs, plus revenue-based funding from $50,000 in monthly revenue, approved on receivables and revenue rather than credit. Factoring is the purchase of receivables, not a loan. Not all applicants qualify.

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Merchant cash advances are not loans. Funding amounts, terms, and timing vary based on business performance and underwriting. Not all applicants qualify.

Get Construction Factoring & Contractor Receivables Funding Funding in New York City

Construction Factoring & Contractor Receivables Funding in New York City

NYC's construction economy is defined by large projects and long terms — commercial and residential high-rises, public and institutional work, and dense borough buildouts, all invoiced to GCs and developers on 30 to 90 day cycles with retainage. Factoring turns approved progress billings into next-day cash, and the factor vets the GC or developer's credit so subs don't carry the risk.

Local Market Insights

NYC subs across electrical, plumbing, HVAC, concrete, framing, drywall, and site work commonly deal with pay-when-paid clauses, AIA-format progress billing, and retainage on long-duration projects. Factoring funds each approved billing as issued, and lien-rights and waiver handling are part of the process.

Unique Challenges We Address

The local challenge is the sheer length of the payment chain: NYC projects tie up cash for months. Factoring scales advances with billings so crews and materials stay funded through the project.

New York City Business Environment

Transportation Infrastructure

I-95 (Cross Bronx Expressway)I-495 (Long Island Expressway)I-278 (Brooklyn-Queens Expressway/BQE)I-87 (Major Deegan)FDR DriveBelt ParkwayGrand Central ParkwayHolland and Lincoln TunnelsGeorge Washington BridgeVerrazzano-Narrows Bridge

Business Districts

Financial District (Wall Street)Midtown ManhattanGarment DistrictSoHo/TribecaDowntown BrooklynLong Island CityFlushing (Queens)Hunts Point (Bronx)Brooklyn Navy Yard

How New York City Construction Factoring & Contractor Receivables Funding Businesses Use Our Funding

Get paid on approved progress billings across high-rise, public, and institutional projects.

Cover payroll and materials while GCs and developers pay on net-30/60/90 terms.

Fund mobilization on a newly awarded contract before the first payment lands.

Use cases described are illustrative; eligibility and approved amounts are subject to underwriting.

Why Choose Y Millennial Funding?

Same-day decisions available

Funding from $25K to $5M

No collateral required

Flexible repayment terms

Local expertise in New York City

Construction Factoring & Contractor Receivables Funding industry specialists

Frequently Asked Questions

All funding is subject to underwriting. Information below is general guidance.

Other Industries in New York City

Staffing Agency Factoring & Payroll Funding in New York City, NY

Payroll funding and invoice factoring for NYC staffing agencies. Advances typically 90-95% on timesh...

Construction Factoring in New York City

Get Construction Factoring & Contractor Receivables Funding Funding in New York City

Construction Factoring & Contractor Receivables Funding in New York City

Local Market Insights

Unique Challenges We Address

New York City Business Environment

Transportation Infrastructure

Business Districts

How New York City Construction Factoring & Contractor Receivables Funding Businesses Use Our Funding

Why Choose Y Millennial Funding?

Frequently Asked Questions

How fast can an NYC contractor get paid with construction factoring?

Does approval depend on my credit or my customer's?

How is retainage handled?

What if I need a lump sum instead of per-invoice funding?

Other Industries in New York City

Staffing Agency Factoring & Payroll Funding in New York City, NY

Trucking & Transportation in New York City, NY

E-commerce & Online Retail in New York City, NY

Manufacturing in New York City, NY

Construction & Contractors in New York City, NY

Restaurants & Food Service in New York City, NY

Retail in New York City, NY

Healthcare & Medical Practices in New York City, NY

Auto Repair & Auto Body in New York City, NY

Hotels & Hospitality in New York City, NY

Bars & Nightclubs in New York City, NY

Independent Pharmacies in New York City, NY

Janitorial & Commercial Cleaning Factoring in New York City, NY

Security Guard Company Factoring in New York City, NY

Salons & Beauty Businesses in New York City, NY

Cleaning & Janitorial Services in New York City, NY

Gyms & Fitness Studios in New York City, NY

Landscaping & Lawn Care in New York City, NY

Daycare & Childcare Centers in New York City, NY

Invoice Factoring & Receivables Funding in New York City, NY

Other Markets We Fund

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Construction Factoring & Contractor Receivables Funding in Dallas, TX

Construction Factoring & Contractor Receivables Funding in Atlanta, GA

Construction Factoring & Contractor Receivables Funding in Phoenix, AZ

Construction Factoring & Contractor Receivables Funding in Miami, FL

Construction Factoring & Contractor Receivables Funding in Los Angeles, CA

Related Funding Resources

Other Industries We Fund in New York City

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