This Is Why You're Here
Why Electricians Come to Us Instead of Their Bank
You landed a $180K commercial rewiring contract but need $45K in materials and a wire puller before the first draw. Your supply house wants payment in 15 days.
Your best journeyman just got poached. Matching the offer means $8K more per year plus a $5K signing bonus. You need that cash now — not after the next job closes out.
The GC bumped your scope on a $300K project. Change orders added $60K in materials and labor but the CO approval is 3 weeks out. Your crew is already on site.
You've got 3 panel upgrades scheduled this week at $4K each but your van's transmission blew. Repair is $7K and every day without your van means canceling $2K in service calls. Your bank wants a week to process.
A property management company offered you a $95K electrical retrofit across 12 units. You need $22K in breakers, wire, and conduit upfront — but they pay net-60 after all units are complete.
Needed $45K for a new service van and panel inventory. Funded in 3 days. My credit union wanted 3 weeks of paperwork.
Dave R., Electrician, Phoenix, AZ
Electrician Financing
Get Your Electrician Business Funded in 60 Seconds
Slide the calculator to see your estimated approval range. Then answer 3 quick questions to lock it in. No documents needed. Soft-pull pre-qual.
See What You Could Qualify For
Slide to your average monthly bank deposits.
Estimated Approval Range
Based on 100-150% of monthly revenue
Soft-pull pre-qual · No obligation · Estimate only
Built for Your Business
Why Electrician Businesses Choose Basecamp
We Understand Material Float
Wire and panels are due on delivery. Your GC pays on draw schedule. We fund the gap so you never turn down a job over $40K in materials.
Tool and Van Financing Same Week
Service vans, wire pullers, trenchers — finance the equipment and keep your cash for payroll. The equipment is the collateral.
Change Orders Don't Stall You
Scope changes mean you're fronting costs before the CO is approved. Our lenders move fast enough to keep your crew working.
Journeyman Poached? Fund the Counter-Offer
Losing a $75/hour journeyman costs you $50K in hiring and training. A $15K signing bonus funded in 48 hours keeps your best guy.
Bobby's Take
Bobby's Playbook for Electrician
Most electrical contractors walk into a bank and get evaluated against a 5-year operating-history checklist — not the active TI and commercial-rough-in backlog with $30K-$300K individual contracts they actually have right now. Lenders who specialize in electrical contracting look at the work in front of you, not the work behind you. They underwrite progress billing on open jobs and your retainage-recovery position. Here's how to position your transaction so the right specialists see it first.
Three things determine whether an electrical contractor transaction closes: project pipeline depth, GC and end-customer creditworthiness, and your retainage A/R aging. Not your personal FICO. Not your time in business. Specialist electrical contractor lenders care about whether your monthly project draw revenue supports a $1,500-$3,000/month payment — and whether your retainage receivables show real-world collection patterns rather than aged-out write-offs.
The biggest mistake electrical contractors make: applying with retainage receivables aged into the 90-120-day bucket without explanation. The lender sees that aging and assumes uncollectibility. The fix: produce a retainage schedule showing project completion dates and contracted release terms. Specialist electrical contractor lenders normalize retainage aging. Generalist lenders apply consumer-A/R aging assumptions and underwrite to writeoff scenarios.
crew billable time lost when a $300K job delays mobilization
Where this gets interesting at scale: an electrical contractor mobilizing on a large commercial job doesn't need ONE loan. They need equipment financing for wire pullers and bending equipment + a working capital line for crew deposits and conduit/wire inventory + invoice factoring on the GC's net-30 to net-60 progress payments + sometimes purchase order financing for big bulk-wire pre-buys. Four products, multiple lenders, one application — that's how electrical contractors take on $500K-plus jobs without their own reserves funding the GC's float.
The electrical contractors who scale fastest aren't the ones who waited for the GC to release the first progress payment before mobilizing. They're the ones who had financing in place to mobilize on the contract date and bill the first draw on time. Every week a $300K job is delayed in mobilization is $15,000-$25,000 in lost crew billable time. Run the numbers in 60 seconds — see what 70+ specialist lenders will offer your electrical contracting business this week.
Bottom line:
Electrical contractors lose to the GC's draw cycle by waiting for the first progress payment to fund mobilization. Specialists factor retainage on documented projects — generalists apply consumer A/R aging and decline.
Bobby Friel
Founder, Basecamp Funding
What You're Up Against
The Real Challenges Electricians Face
Pricing Transparency
What Electrician Funding Actually Costs
Rates and terms depend on credit, revenue, time in business, and lender. Every business is unique — see what 70+ lenders will offer you in 60 seconds. Soft-pull pre-qual.
These are industry averages. Your actual rate depends on your revenue, credit profile, and time in business — it could be lower. Run your specific numbers in 30 seconds.
Calculate Your Real Cost →Tax Strategy
Section 179 Breakdown for Electricians
Finance the equipment. Keep your cash. Take the deduction. Your service van + upfit costs $39,000 after taxes and you never touched your reserves.
Bobby Friel
Founder, Basecamp Funding
How It Works
From Application to Funded in 5 Steps
No paperwork avalanche. No bank lobby. No guessing.
60-Second Intake
Tell us about your trade, current jobs, and bid pipeline. No bonding docs yet.
Soft Credit Screen
We screen options with zero impact to your FICO or bonding capacity.
Construction-Specialty Lenders Compete
70+ lenders who underwrite GCs, electricians, plumbers, and concrete contractors review your file in parallel.
One Specialist, Multiple Term Sheets
Your funding specialist walks through structures, draw schedules, and how each affects your bonding line.
Choose Your Offer, Sign, Get Funded
E-signature. Funds land in time to cover materials and crew before the first draw.
Electrician Capital Uses
What Electrician Businesses Use Funding For
Payroll & Operations
Bridge cash flow gaps. Keep crews paid when receivables run 30-60-90 days.
Job Mobilization
Fund upfront costs — materials, permits, equipment rental — before first draw.
Scale & Win Bigger Jobs
Take on larger contracts. Expand territories. Hire key staff.
AI & Technology
Drones, AI estimating, GPS fleet tracking, project management tools.
Equipment & Vehicles
Excavators, dump trucks, skid steers. Finance or lease — all established businesses.
Marketing & Branding
Truck wraps, websites, Google Ads. Build the brand that wins contracts.
Full Transparency
What Kills Your Qualification (And What Doesn't)
Most lenders won't tell you this upfront. We will.
✅ These Won't Stop You
These Can Be Deal-Breakers
Need commercial insurance for your electrician business?
Your lender will require proof of general liability and workers' comp before funding equipment over $50K. Our sister company InsuranceService365.com binds contractor policies same-day across 29 states — so insurance never holds up your funding.
Don't Wait Until You Need Funding to Get Funded
GC payments are net-30/45/60 by industry default. The contractors who win on price are the ones with capital to mobilize before the first draw. The contractors who win on schedule funded BEFORE the job started — not after the supplier called about a past-due invoice. Pre-qualify when the bid pipeline is steady.
Ready?
See What Your Electrician Business Qualifies For
Slide the calculator, answer 3 questions, and a specialist pulls your options within the hour.
See What You Could Qualify For
Slide to your average monthly bank deposits.
Estimated Approval Range
Based on 100-150% of monthly revenue
Soft-pull pre-qual · No obligation · Estimate only
Other Contractors Specialties We Fund
Click any specialty for tailored financing options.
Recommended Products
Recommended Funding for Electrician Businesses
Working Capital
Bridge payroll and materials between draw payments. Fund in 24 hours.
Learn More →Equipment Financing
Finance excavators, trucks, and tools — the equipment is the collateral.
Learn More →Business Line of Credit
Draw for materials when you need them, repay when the GC pays.
Learn More →Invoice Factoring
Convert 30-90 day receivables into same-day cash.
Learn More →FAQs
Electrician Business Loan FAQs
Electrician Business Loans — $10K to $20M+
Look — your supply house wants payment in 15 days, your GC pays on a 45-day draw schedule, and your journeyman needs his check Friday. That math doesn't work without capital. I talk to electrical contractors every week who are sitting on signed contracts they can't start because their bank needs 6 weeks to approve a $45K material advance.
We fund electricians — residential, commercial, industrial, low-voltage — in as little as 24 hours. One application. 70+ lenders. Soft-pull pre-qual. Your wire puller, your service van, your next commercial rewire — we've funded all of it. And realistically? If your credit union is making you wait 3 weeks for a decision, you're losing money every day you don't switch.
Stop Letting Slow GC Draws Park Your Crew. Get Your Electrician Business Funded Today.
60 seconds. Soft-pull pre-qual. No obligation.
See What You Qualify For →Soft-pull pre-qual · Free to check · Nationwide