Train Employees
Business loan funds can help cover the cost of training programs.
How Electrical Business Loans Can Help You
To keep your electrical company running successfully, you need funds to pay bills or hire new technicians. Electrician business funding gives you the working capital you need to pay for business expenses.
Expand Business Service Area
Invest in marketing or advertising for your electrical business
Regular Business Expenses
Cover the cost of regularly maintaining tools and equipment used on the job.
Licensing and Insurance Costs
Make sure your technicians are properly licensed and you’re insuranced with appropriate limits in case of a claim.
How to Apply
How does an electrician business loan work? Applying for electrician company financing has never been easier.
Apply
Submit your application securely in minutes.
Connect
We’ll discuss the right financing option for you.
Fund
Receive financing and start growing your business.
Why SpringFi
If your electical business needs funds to cover costs or take advantage of growth opportunities, you need a lender who understands your business. SpringFi has provided funding solutions for electrical contractors across the country. Speak to a dedicated Funding Specialist to get customized electrician business loans for your business.
Electrical & Electrician Business Resources
An Electrical & Electrician business loan is an investment in the growth of your company — but securing financing is only a fraction of what it takes to manage your finances. We’ve put together a list of resources to give you the whole story on loans, taxes, and managing the financial health of your company.
Quick solution with minimal documentation.
They are based off of your business cash flow without the needs of any asserts or collateral. having a low credit score or tax susses is not a deal breaker.
What Clients Say About Us
Frequently asked questions
If you have a query regarding a loan then we are here to your help you can arise your query also.
There are no restrictions on the usage of your funds. Once you’ve received funding, you can use it as you see fit.
The first step to receiving funding is filling out our online application. Once filled out, we’ll get in touch with you to discuss your financing options. Depending on your business needs, you may be eligible to receive funding with the documentation provided in your application. In the case a financing option requires additional documentation, we’ll let you know. Once you’re approved, you can expect financing in as little as 24-48 hours.
Bad credit isn’t normally a deal breaker. Your financing options are based on business cash flow. If your business receives over $5,000 in gross deposits, we encourage you to apply.
Once your application and bank statements are submitted, it only takes 4-10 hours to receive a decision from underwriting. If you accept the offer, we can have the funds in your account in as little as 24 hours.
We can typically finance anywhere from 100% to 200% of your average monthly gross deposits.
Once approved, you’ll receive funding in a few hours. Normally we can fund within 24 hours of receiving the application and banking statements.
There are no penalties for early payment. In some cases, we offer discounts for paying your loan off early.
Yes, we can consolidate existing loans into one note. And we can also fund advances while having existing ones without paying them off. There are options.
Fill out our online application or contact us directly, and one of our representatives will be happy to assist you. Feel free to call us at (347) -778-5195