Industries we fund · Electrical Contractors
Working capital for electrical contracting businesses
Electricians finish the work before the money lands. Draw schedules and net-30 GC payments set the pace while payroll and material bills run weekly - and copper pricing never waits.
Clearwater places electrical contracting files with funding partners that already know the industry: $10K to $2M, sized off your real bank deposits, with no hard credit pull to apply. Searching for electrical contracting business loans? What we place is revenue-based funding - an advance repaid out of daily deposits - and this page explains exactly how it prices so you can compare honestly.
How funders read a electrical contracting file
Electrical files read closer to construction than to the service trades: fewer, larger deposits from GCs and commercial clients, often on draw schedules or net-30 terms. Funders read for recurrence - the same payers landing month after month - rather than daily rhythm. A service division doing panel upgrades and residential calls adds daily card deposits that smooth the book and help pricing. Signed contracts and backlog strengthen the file materially; capital converting into contracted work is the easiest underwriting story in the trades. Material buys are the natural use, because wire and switchgear pricing rewards buying ahead, and a supply-house account in good standing reads as operational health.
What electrical contracting businesses use the capital for
- Material packages - wire, panels, switchgear - bought before price moves
- Payroll through multi-week commercial jobs before the draw lands
- Bucket trucks and lifts for commercial and service work
- Bonding and insurance requirements to bid larger contracts
- Mobilization on a new contract ahead of first payment
What the numbers look like
Most files support roughly half to 1.4 times monthly bank deposits - where a file lands depends on deposit consistency, time in business, and existing positions. As an illustration only: a electrical contracting business depositing $50,000 a month might see an advance around $45,000, repaid as about $283 per business day until a fixed $59,400 is paid. The total is fixed on day one - it never compounds or grows - and most deals carry prepayment discounts, shown with your offer.
| Advance range | $10,000 - $2,000,000 |
| Monthly revenue floor | $10,000 in business deposits |
| Time in business | 6+ months |
| Credit | Cash flow weighs more - scores from 450 workable |
| To apply | No hard credit pull. 4 months of statements + month to date |
Electrical Contractors funding questions
Most of my deposits come from two GCs. Is that a problem?
It reads as concentration, so the file prices more cautiously. A long payment history with those GCs helps, and service-call revenue on the side diversifies the book.
Does backlog count for anything?
Yes. Signed contracts and change orders are the strongest context an electrical file can carry - capital converting into contracted work is the cleanest story there is. Include them when you apply.
My deposits are lumpy because of draw schedules. Does that hurt?
Not by itself. Funders read contractor books for recurring lumps, not smooth curves. Four months of draws landing regularly supports an offer.
See your number, not a sales pitch
Two minutes, no hard credit pull, and the estimate is sized off your real deposits.
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