ELECTRICIAN BUSINESS LOANS

Electrician business loans

Electrician business loans for electrical contractors can enable your business to get the funding when and where you need it most. Unlike the services that traditional lenders offer, getting an online business loan is a fairly simple process. Our method allows for fast and easy funding. Loans from $5000 to $500,000. The amount borrowed is dependent on monthly deposits. Rates and terms are dependent on the performance of the business. There is very little paperwork involved, this is why the process is so quick. Click to learn more about Alternative Financing Advantages.

Click below to see different industries, business strategies, and how to get started.

Electrician Industry

The electrical industry is also one of the largest contracting industries in the United States today. The electrician industry is made up of five sectors, according to Wikipedia, residential, commercial, light industrial, industrial, and wiring lineman.  Electrical contractors are parent companies that employ apprentices, journeyman, and master electricians to design, install, and maintain electrical systems. Contractors routinely bid for new jobs, providing material and supplies to electricians, and work with the customer, architects, and engineers, to plan and complete the finished product.

Electrician business loans

Electrician Equipment

Electrician business loans

Electrician business loans can provide getting the right electrician equipment to get electrical work done faster and easier, is a mandatory expense in the electrical field. Especially when having to replace unexpectedly, equipment for all of the electricians in a business can be expensive.

Electrician Marketing

Electrician marketing enables you to grow your business, helping winning new contracts and increase sales from existing customers.  Electrician business loans can help with the costs of a website to help prospective customers find out about your services. Creating brochures to hand out,  or postcards to mail.  Electrician business loans can help cover the advertising costs.

Electrician business loans

Electrician Employees

Electrician business loans

Electrical contractors are being forced to pay higher wages for skilled electrician employees. This is due to the number of electricians retiring over the past few years, causing a shortage in trained electricians. Leading to a drastic increase in demand for better pay and benefits. Electrician business loans can cover the initial cost of hiring qualified workers.

Electrician Loans for Bad Credit

We offer loans electrician loans for bad credit, typically working with scores in the low-500 to mid-600 range.  The number one requirement of conventional lenders is having a credit score above 680. According to a report published by Credit donkey, credit score statics across the country for Millennials age 22 to 35 years is 634.  Generation X adults ages 35 to 51 came in at 655. It also shows roughly 45 million adults don’t have any credit scores.  US Treasury reports denial rates have been roughly above 80% over the past several years with SBA lending.  The truth is most businesses won’t qualify a small business loan through a bank. Call us today to get started.

Electrician business loans

Click below to see different industries, business strategies, and how to get started.