An Electrician Business Loan Sparks Your Growth
An electrician business loan can provide the electrical contractor business owner the financial resources necessary to tap into one of the largest subcontracting industries in the United States today. This is promising for any electrical contractor business owner, as well as people looking to enter the electrician profession. A majority of the revenue generated by electriccal contracting companies is predominately from the installation, repair and maintenance of electrical power, wiring and related systems in buildings and homes across the construction industry. Hence the electrical contracting industry is largely dependent upon construction industry trends in the US.
With US consumer spending continuing to increase across all industry markets, this spending equates to more commercial buildings and residential houses being constructed or remodeled. Also, there is growing governmental investment directed toward refurbishing aging infrastructure, particularly related to electrical power production and distribution systems. All these trends are positive for the growth of the electrical contractor business, excluding a tight labor market for skilled, qualified electricians.
Whether you’re looking to attract more commercial versus residential clients, more revenue per customer, expand or remodel your locale, add new equipment or technology, additional business capital can help you get there with ease. With our financing options, whether an electrician business loan or merchant cash advance, your additional capital can be used to finance:
Front Of House Improvements
- Purchase chairs, background music, signage
- Update floors, lighting, decor
- Revise entrance area layout for efficiency
- Go Green with walls, displays
- Expand staffing
Back Of House Expenses
- Upgrade restroom, supply areas
- Replace equipment, site security
- Improve stocking area for improved safety
- Purchase small wares
- Upgrade safety conditions
- Modernize electrical inventory
- Integrate clients with scheduling, invoicing system
- Refresh business web site
- Create business mobile app
- Use mobile SMS to current customers
Day To Day Operations
- Additional training of staff
- Repaint, add promotional materials
- Purchase new staff uniforms
- Balance cash flow during down periods
- New/expand advertising
An Electrician Business Loan Keeps You Running Nonstop
A Simple Process – Apply online in minutes, get approved in 48 hours and access to funds in 72 hours!
Higher Approval Rates – Approval for funding is based on the overall health of your business, not just FICO score.
Daily Repayments – Daily scheduled payments mean no large lump sums are waiting for you at the end of the month.
Flexible Terms – We offer terms up to 18 months and business funding amounts ranging from $5,000 to $500,000 so you can unlock your success.
Very High Approvals
The application process for our electrician business loan is simple and straightforward. Since we focus more on the strength of your business than your personal credit score, we have very high approval rates. Your business can receive a decision and get funding in just a few days. Our general guidelines are:
Business Age – Your business has been operating for a minimum of one year.
Monthly Revenue – Your business monthly revenue is a minimum of $5,000 in sales.
Credit Score – We take into consideration your business credit, but it is only one of several factors we consider.
Why Choose Nexus Financial Services?
Whether your business needs new equipment, additional inventory, more personnel, room to expand or an acquisition opportunity you don’t want to miss, we can help you obtain the financing your business needs to make it happen. Our electrician business loan and merchant cash advance are designed to help you start your business, manage the challenges as you build your business, or support you through the seasonal slow times of your industry.
At Nexus Financial Services, we provide a variety of financial options for small businesses. We are there for you when you need to make fast investments to take advantage of available business opportunities. Our electrician business loans and merchant cash advance can be approved within a couple of days versus the weeks or months of a traditional lending institution. Because we have the experience and understanding of small business needs, we also offer some of the best small business loans and financing solutions available that result in the success of our clients.