Funding for your situation
What a bank decline usually says about a electrical contractor's file and which alternatives read the business differently.
✓ Checking what you qualify for does not affect your credit score.
Banks read a electrical contractor through ratios, and the ratios are often unkind to small, fast-moving businesses. Construction cycles and storm work shape the calendar, with steady service in between. The decline letter usually names the reason; that is where to start.
Merchant Fund Express is a funding marketplace: you apply once, and the file is matched to the structure that fits it. The sections below show what this situation usually costs, how a funder reads it, and what to prepare.
Construction cycles and storm work shape the calendar, with steady service in between. For a electrical contractor, that rhythm decides when a funding request reads best and how it should be repaid.
What it looks like on the ground: a commercial bid was won, and the wire, gear and a second crew come before the first draw.
Compliance touchpoints for a electrical contractor often include master electrician license and contractor license, which can come up when the request involves a new site, a purchase or a significant change.
A electrical contractor file is read through mix of service and project work, progress-draw timing and equipment and vehicles already financed.
These are the same factors described on revenue and deposit requirements and time in business. Merchant Fund Express walks you through how your own file reads before you apply.
| Item | Value |
|---|---|
| Typical bank loan decision timeline, in days | 45 |
| Alternative review timeline, in days | 1 |
| Documents banks commonly ask for (count) | 12 |
| Documents typically needed here (count) | 3 |
Read it honestly. Faster and lighter paperwork usually costs more than a bank loan. Compare total repayment in dollars, not just speed; use the factor rate calculator before accepting anything.
Source: worksheet by Merchant Fund Express. Illustrative only: these figures are not an offer, and real amounts depend on your file and the funder.
Time in business, collateral, tax returns, debt ratios or documentation.
Deposits, average daily balance, existing obligations.
Speed has a price. Know it in dollars.
Three months of statements and, for a electrical contractor, the signed contract or bid.
A complete file is what makes a same-day decision possible. If something is missing, tell us and we will work around it.
Common reasons are time in business, collateral, tax returns and debt ratios. The decline letter, if you received one, lists them.
Usually, because it is faster and less documented. Compare the full repayment amount in dollars.
Merchant Fund Express is a funding marketplace: one application, a same-day decision on a complete file, and funding typically the next business day after signing.
The minimum FICO is 500, and better credit means better products and terms. See credit score requirements for how the tiers work.
Merchant Fund Express gives a same-day decision on a complete file. Applying takes a few minutes and will not affect your credit score.
