Funding for Electricians Ready to Grow
Whether you need another van, more crews, new equipment, or working capital between jobs, Funding Folder helps electrical contractors access business capital built for growth.
Access a flexible business line of credit to working capital, equipment, payroll, and growth.
Whether it’s to update existing technology or working capital between jobs, every Electrical contractor needs an influx of working capital from time to time. And with a working capital loan, we make sure you are rewarded for your hard work, and you keep more of what you earn. Our team of personal financial consultants are very knowledgeable about the Electrical Contracting industry and will customize your loan to meet your business’ specific needs, allowing you to maximize your business’ financial return!
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Why Electricians Use Funding
- Add service vans or trucks
- Hire licensed electricians
- Buy tools, lifts, and equipment
- Cover payroll while waiting on invoices
- Expand into commercial work
- Increase local marketing
Why Choose Funding Folder
- Fast decisions
- Multiple funding options
- Flexible solutions based on your business
- Capital for growth and cash flow
- No-pressure review process
Funding Folder helps Electricians access a revolving line of credit built for service businesses.
- Up to $750,000
- Draw only what you need
- Reuse capital as you repay
- Fast approvals
Minimum Qualifications
- Credit Score (Equifax Credit) 551 or higher
- Applicant must own the business. The business must be open and operating under the same ownership for at least one month (30 days).
- Your business must generate a minimum of $17,000 per month in gross sales ($200,000 annually) from both credit card and cash
Let’s See What May Fit Your Business
FAQ
How fast is the process?
Many businesses receive decisions quickly depending on the program.
Can I use funds for payroll or equipment?
Yes, many business owners use capital for operations, equipment, vehicles, and growth.
What if my credit isn’t perfect?
There may still be options depending on the overall business profile.
No obligation. Quick review. See what options may be available.
Ready to grow your electrical business?