1,000+ Opportunities
Find the right grant
Search federal, foundation, and corporate grants with AI — or browse by agency, topic, and state.
New York State Contractor Financing Program is a grant from Empire State Development that funds access to working capital and contract-related financing for small business contractors operating on New York State government contracts.
Backed by $37 million in State Small Business Credit Initiative funding, the program incentivizes community development financial institutions and other lenders to issue government contract loans — including lines of credit up to $500,000 — that they would not otherwise underwrite. Priority is given to SEDI-owned businesses, MWBEs, and contractors in distressed census tracts.
Eligible applicants are New York State contractors with revenues up to $5 million and fewer than 100 employees.
Get alerted about grants like this
Save a search for “Empire State Development (ESD)” or related topics and get emailed when new opportunities appear.
Search similar grants →Extracted from the official opportunity page/RFP to help you evaluate fit faster.
New York State Contractor Financing Program | Empire State Development New York State Contractor Financing Program The New York State Contractor Financing Program (“Program”) will provide $37 million in State Small Business Credit Initiative (SSBCI) funding for loan loss reserves to incentivize lending intermediaries to create access to capital to support New York State contractors.
The Program will provide capital to help contractors successfully execute contracts and ease timing of payments from agencies or municipalities to small businesses, socially and economically disadvantaged individual (“SEDI”)-business owners, businesses in distressed census tracts, and MWBEs.
Participating lenders can use loan loss reserves to issue government contract-related loans via lines of credit, or managed lines of credit that they otherwise would not underwrite.
Loans can be used for contract project deployment, advances against inventory, construction costs, purchase orders, managing payables and receivables, contract finance costs, and working capital to support contractors working on a government-funded project in New York State. Program Lenders generally target contractors with revenues of up to $5 million with fewer than 100 employees.
Loans are provided by participating CDFIs, MDIs, community banks, credit unions, and other community lending institutions typically offering lending amounts of up to $500,000. The duration of the loan period is based on the borrower’s contract to be completed, and will generally be under 18 months.
However, lenders may use discretion to determine the length of term that is most appropriate based upon their assessment of the borrower, the contract, and the risk associated. Participating lenders offer lines of credit or managed lines of credit and underwrite each loan depending on the credit risk of contractors, to determine terms and applicable fees.
Lenders may require assignment of contracts, receivables, or any other collateral or guarantees from the borrower, if applicable for the financing.
An “Eligible Contract” shall be as a prime or subcontractor on a project or procurement, contracted and executed in the State of New York that receives all or part of its financial backing from a New York State Agency, New York State Municipality, County, Town, Village, Public School District, or other legally recognized government entity.
The loans will support working capital, improvement machinery and equipment, or other related costs required to execute those contracts. These loans are in the form of lines of credit or managed lines of credit in order to mitigate risk to the lender, borrowers, and program.
Loans can be used for contract project deployment, advances against inventory, construction costs, purchase orders, managing payables and receivables, contract finance costs, and general working capital.
The proceeds of the loan will not be provided to nor used for: refinancing, retiring or liquidating existing debt or equity; residential construction projects (except for government-sponsored projects); payment of any tax arrearage[s]; payment of any employee benefit arrearage[s]; purchase or rehabilitation of real property for speculative purposes; loans to educational institutions, except licensed childcare facilities; loans to hospitals or residential health care facilities; loans to nonprofit corporations; or loans to overnight lodging facilities.
Additional Resources to Get Loan Ready SSBCI Technical Assistance (TA) provides legal, accounting, and financial advisory services to help small businesses strengthen loan readiness and access capital, at no cost to the business. Legal: business formation and governance; required registrations and licenses; contracts; investor documents; ESOP-related transfers; procurement and surety-bond support; contractor-financing and bonding needs.
Accounting: audits and financial statements; digitizing records; training on accounting practices/software; WIP/AR/AP schedules; transitioning from cash to accrual to meet lender or surety requests.
Financial advisory: banking relationships; applications for government small-business programs; identifying credit/capital/grants; financial-management guidance; presentations, models, and business plans; surety-bond basics and contractor-financing support. For contractor capital and bid-bond needs: BOC Capital Corp (NYC, Long Island, Mid-Hudson) J. P.
West Inc. (NYC, Long Island, Mid-Hudson) Regional Alliance for Small Contractors (NYC, Long Island, Mid-Hudson) Surety Bond Associate s (Statewide) Program Lenders are the primary point of contact for borrowers and each have their own loan application process.
Please contact the lenders listed below for more information regarding program loans, applications and terms: For more information about the Contractor Financing Revolving Loan Fund, contact [email protected] Email: [email protected] , [email protected] Website: boccapital. org/products-services/ Carver Federal Savings Bank: (New York City Area) Website: carverbank.
com/lending-solutions/business-and-commercial-lending Cooperative Federal: (Onondaga, Oswego, Madison, Cortland and Cayuga counties) Donaldo McPherson Gonzalez Greater Jamaica Development Corporation (Queens County) Aron Kurlander, Director, Economic Development & Chief Lending Officer Office: (718) 291-0282 x141 Website: gjdc. org/business-services/small-business-loans/ Lendistry (aka B. S.
D. Capital) (Statewide) Customer Support line: (855) 476-5870 Website: lendistry. com/contractor/ Ponce Bank: (New York City Area) Commercial Relationship Officer Website: poncebank.
com/business/loans/prosper Website: pursuitlending. com/business-loans/products/bridge-to-success/ TruFund: (New York City Area, Westchester, Suffolk, and Nassau counties) Assistant VP/Business Development Officer Website: trufund. org/truaccess-contractor-training-and-lending-program/ This page is available in other languages
Based on current listing details, eligibility includes: Contractors in New York State performing on government-related contracts. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Varies Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research and Small Business Technology Transfer Programs Phase I is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs support small businesses in creating innovative, disruptive technologies with commercial potential or societal benefit, including projects dealing with agriculturally-related manufacturing and alternative and renewable energy technologies. Specialty tubing could be relevant for agricultural equipment or renewable energy systems.