Our Loan Officer knew exactly how to meet our needs. We were approved for our loan in 24 hours. This short term loan allowed us to grow and we’re launching new products.
Electrician Business Capital Loans can help the almost 567,000 electricians in the United States today. Modern plants and transportation systems use a large amount of electrical and electronics equipment, from assembly line motors to sonar systems. Electrical and electronics installers and repairers fix and maintain these complex pieces of equipment. Electricians install, maintain, and repair electrical power, communications, lighting, and control systems in homes, businesses, and factories. Whether you specialize in commercial or residential electrical, your services are in demand year-round.
Despite the steady stream of clients, business expenses and unforeseen circumstances can cause cash flow shortfalls. One of the worst ways to lose a job is when a not having the capital needed to pay for man-power or equipment. Business owners frequently have trouble qualifying for business loans from banks and other traditional lenders. Many lenders are reluctant to issue electrician business loans, because the industry is regarded as high risk. If the business owner has bad credit or other outstanding loans, it may be impossible to qualify for business financing. One of the most popular forms of alternative financing is a Capital Business Loan. No collateral required low credit OK. Cash transferred to your business account in just a few days.
Are Approved Quickly. Our application process is different from other banks or lenders. We focus on the actual business performance that can be reviewed with a few months of bank statements. This allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. We offer funding from $5000 to $250,000. The actual rate and term is dependent on the performance of the business. How much capital that can be borrowed depends on the monthly deposits. There is very little paperwork involved this is the main reason why the application process is so quick. There is not a single bank in the country that can approach the efficiency and speed of what an alternative lender can do for you.