Funding for electrical shops with bruised credit. FICO 500+ considered, soft pull to start, about three months of bank statements.
See Where I StandBad Credit Contractor Funding
Steady service calls and paid jobs show up in your bank statements. We weigh that history so a rough stretch of credit is not the end of the conversation.
Amount to request
$85,000.00
Funding range$25K to $5M
*Sample amounts shown. Your actual offer depends on your business and is reviewed before approval.
About 5 minutes to apply with roughly three months of statements. Funding in as little as 24 hours for qualified shops.
We start with a soft pull and weigh your deposit history heavily.
Your offer shows the full repayment amount before you accept, with no surprise costs after you sign.
The payment schedule is laid out in your offer so you can plan around your job calendar.
Fast decisions. Applying takes about 5 minutes.
A short application. A soft credit pull to start.
We review revenue, time in business and bank activity, not just a credit score.
You see the amount, the schedule and the full repayment amount before you sign.
Funding in as little as 24 hours for qualified businesses.
A lot of electricians started their own shops after years on someone else's crew. The early years are hard on personal credit. You float materials on a card, a customer stiffs you on a big job, or a medical bill lands at the wrong time. None of that changes whether you can pull a service or wire a building, but it can shut the door at a bank.
We look at the shop first. FICO 500+ is considered, and we start with a soft credit pull, so checking your options does not hurt your score.
Your score is one input. Your business bank statements tell us more about how the shop runs today:
We ask for about three months of statements. No tax returns are required, and sole proprietors can apply. A lower score does not decide the outcome by itself, and a high score does not either. The full picture does.
Electrical contractors with credit challenges come to us for the same reasons as everyone else: materials for an upcoming job, payroll while a pay application clears, or a truck repair that cannot wait. Depending on how you get paid, that could be working capital, a merchant cash advance, or revenue-based financing.
When credit is tight, it is tempting to take any offer that shows up. Slow down. Every offer we present shows the full repayment amount and the payment schedule before you accept. Check it against your next two or three months of jobs. Taking a smaller amount that you can carry is better than stretching for a bigger one. If you are not sure which product fits your shop, read our guide to qualifying as an electrical contractor.
Paying existing obligations on schedule, keeping the business account out of the red, and separating personal and business spending all make your next review cleaner. None of it is quick, but each month of clean statements adds to your file. When you are ready to see where you stand, apply in about 5 minutes.
FICO 500+ is considered. We weigh your score together with deposits and existing obligations.
We start with a soft credit pull, which does not affect your score.
Yes, you can apply. It is one factor we review alongside the rest of your file, and we look at your current deposit history closely.
No. About three months of business bank statements is the core of the review.
Funding ranges from $25,000 to $5,000,000 overall. Your amount depends mainly on your deposits and existing obligations.
Example uses for illustration only.
Clean statements build a stronger file month by month.
One secure application. A soft credit pull to start. No obligation to accept an offer.
Apply for Funding