Industry
Progress billing at 30-60 days with materials and licensed labour paid up front.
✓ Checking what you qualify for does not affect your credit score.
Electrical contractors in San Diego are classified under Electrical Contractors, an eligible category. Industry is therefore not the question; the four things every file is read on are. Commercial and specialty trade work is eligible; new residential construction is restricted.
Progress billing at 30-60 days with materials and licensed labour paid up front.
In San Diego that usually means capital goes to materials for a signed job, vans, tooling, apprentices, bonding support.
San Diego runs on defence, biotech and a year-round tourism economy.
California carries extra restrictions on the revenue-based tier here; the line of credit and term loan are unaffected.
California has a short winter, which shortens the trough for electrical contractors in San Diego without removing it.
Storm-driven work in the San Diego area arrives in surges and settles on the insurer’s timetable, which is the gap capital usually has to cover.
State electrical licensing applies.
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Yes. Commercial and specialty trade work is eligible; new residential construction is restricted.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision and next business day funding on a complete file.
Commercial steady, residential seasonal. Underwriting reads the average and the deposit count, not the peak month.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
