Capital for New York City
contractors and trade subs.

New York is the hardest construction market in the country to run a contracting business in. Prevailing-wage schedules dictate labor cost. DOB and agency permit windows compress every project. Multi-tier GC, owner-rep, lender, and inspection sign-offs stretch draw cycles to 60 and 90 days. Material deliveries through Manhattan choke points add cost and risk. And contractor margins live or die on the discipline of certified payroll, lien-waiver tracking, and ledger management that small operators rarely have the back-office to absorb.

Goliath has been funding NYC contractors for fifteen years. Our underwriters know the AR cadence on a Manhattan tower sub, the prevailing-wage labor cost on a Local 79 package, the inspection-driven payment timing on a Brooklyn brownstone renovation, and the NYCHA disbursement cycle on a Section 18 conversion. We don't ask NYC contractors to explain why a $400K pay application sat 75 days before clearing — we already know.

The NYC construction markets we fund

Manhattan high-rise tower work generates ongoing demand for structural, MEP, glazing, curtainwall, and finish-out subs across midtown, the Far West Side, and downtown. Brooklyn brownstone restoration across Park Slope, Cobble Hill, Carroll Gardens, Fort Greene, and Brooklyn Heights feeds masonry, wood-window, mechanical, and finish-out subs working private packages. Queens industrial conversion continues to transform Long Island City and the broader industrial belt into creative-office and residential. The Hudson Yards adjacent corridor remains active with podium and tower work. NYCHA capital and Section 18 conversion generates multi-year demand across all five boroughs. And Bronx mixed-use along the Lower Concourse and Mott Haven has emerged as one of the most active outer-borough zones.

Prevailing wage, DOB timing, and the NYC cash gap

The combination of prevailing-wage labor cost, multi-tier payment approvals, and DOB-driven inspection timing creates a structural cash gap that defines NYC contracting. Subs need to fund payroll Friday on a prevailing-wage schedule while pay applications sit on a GC's desk waiting for owner-rep review. We fund that gap on deposit history with structures that flex around uneven agency and lender disbursements, so the next mobilization doesn't choke when the current AR runs long.

What a typical NYC contractor deal looks like

A Manhattan MEP sub pulling $150,000–$400,000 against four open pay applications. A Brooklyn brownstone restoration GC mobilizing on a Park Slope package with $80,000 in 24-hour working capital. A NYCHA-program masonry sub financing $100,000 of crew payroll and scaffolding while agency disbursements run. A Long Island City conversion contractor consolidating two existing advances into a single 18-month structure. These are the deals we close most weeks across the five boroughs.