Why excavation contractors in New York qualify
Excavation contractors are classified under Site Preparation Contractors, which is an eligible category. That takes industry off the table and leaves the same four things every file is read on: average daily balance against revenue, time in business, negative days and NSFs, and existing positions. Site work for commercial projects is eligible; new residential construction is restricted.
The cash-cycle problem
Draw-based billing with heavy equipment and fuel costs incurred first.
In New York that usually means capital goes to excavators, dozers, attachments, trucking, crew, fuel for a signed contract.
Weather and ground conditions drive it; frozen ground stops work.
What applies in New York
New York funds here, with extra restrictions on the revenue-based tier. The line of credit and term loan are unaffected.
Most of this activity sits around New York City, Buffalo, Rochester, Yonkers and Syracuse.
Vermont, North Dakota and South Dakota sit outside the lending area on every product. California and New York carry extra restrictions on the revenue-based tier.
New York has a hard winter that removes months of the year. For excavation contractors that is not a downturn, it is the calendar — and underwriting reads a northern seasonal account on the twelve-month average, not on the trough.
The practical consequence is that the capital usually has to be in place before the season opens, not after the first invoices land.
Winter storm damage concentrates repair work into the coldest, least workable weeks of the year. That gap between spend and settlement is the single most common reason a file like this needs capital.
The published thresholds
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
Questions
Do you fund excavation contractors in New York?
Yes. Excavation contractors are classified under Site Preparation Contractors, which is an eligible category . Site work for commercial projects is eligible; new residential construction is restricted.
What credit score is needed?
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
How fast can funding arrive?
Same-day decision and next business day funding on a complete file — the application plus three months of business bank statements.
What if revenue is seasonal?
Weather and ground conditions drive it; frozen ground stops work. Underwriting reads the average and the deposit count, not the peak month.