Ready To Move Your Business Forward?
Types of Electrical Business Loans
Small Business Loans
As an electrician, it’s important get the funds you need in order to run your business efficiently.
$5,000 to $500,000
Equipment Financing
and Leasing
Purchase or lease equipment for your electrical business.
Up to $150,000
How Electrical Business Loans Can Help You
Electricians and electrical companies provide services that help homeowners keep their houses in good shape. To keep your electrical company running successfully, you need funds to pay bills or hire new technicians. Electrician business loans give you the working capital you need to pay for business expenses.
Train Employees
- Business loan funds can help you set up employee training programs that teach your staff the skills to perform their jobs
- Adding safety seminars or programs can help promote a safe work culture for employees
Expand Business Service Area
- Invest in marketing or advertising for your electrical business
- Hire the employees you need to serve new markets and grow your business
Regular Business Expenses
- Pay for rent, utilities and office supplies for your company’s office space
- Cover the cost of regularly maintaining tools and equipment used on the job
Licensing and Insurance Costs
- Make sure your technicians are properly licensed to follow safety standards
- Ensure your company is safe from liability in the event of an accident
How to Apply
How does an electrician business loan work? Applying for electrician company financing has never been easier.
What Customers Are Saying
Craig Hart, President
Smyth Electrical Services
“National Funding has very professional analysts. They looked at my business and made a loan that we all felt comfortable we could pay back on a timely basis.”Why National Funding?
If your electrician business needs funds to cover costs or take advantage of growth opportunities, you need a lender who understands your business. National Funding has provided funding solutions for electrician companies across the country. Speak to a dedicated loan specialist to get customized electrician business loans for your business.
We Know Electrician and Electrical Businesses
Experience supporting electrical business owners
Trusted by Businesses Like Yours
Over $3 billion in funding to more than 50,000 businesses nationwide
Personalized Experience
Lending solutions and payment options tailored to your specific needs
Fast & Easy Application Process
No-cost, no-obligation application with funding in as few as 24 hours1
Loan Specialists Who Care
Experienced Loan Specialists help you make the right decision
Worry-Free Lending
No collateral requirements, plus simple, automatic payments
Electrical Business Resources
It can be difficult to manage your electrical company’s day to day operations. In addition to completing service calls and other jobs, you need to make sure the administrative and financial sides of your business are running smoothly. Use these resources to learn more about electrical company financing and loans for electrical businesses.

How to Run a Successful Electrical Business
As an electrician, you may think leading your own electrical company will be easy. Unfortunately, there are many other factors that go into running a successful business. Use these tips to help you make smart business decisions for your company.

5 Affordable SEO Tips for Electrical Businesses
To attract new customers, you need to market your electrical business. One of the best ways to get the attention of new clients is to use SEO, or search engine optimization. SEO helps increase traffic to your website. Follow these tips to set up an SEO plan for your company.

Electrical Business Tax Write Offs
If you find yourself in a panic each year at tax time, you’re not alone. Many owners of electrical businesses aren’t sure what they can and can’t deduct from their taxes each year. Learn more about business tax deductions and find out which deductions you may qualify for.
Ratings & Reviews
We are very proud of what our customers are saying on TrustPilot.
Disclosures
Legal Disclosures
True to our mission, we encourage you to read the following policies and learn how they affect you as a client.
(1) 24 hours:
Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.
(2) Early payoff discounts:
National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process. Equipment Finance customers who pay off the total remaining balance early, at any point during the contract, will automatically receive a 6% discount off the total remaining balance. Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance. We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.
(3) Automatic payments:
Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.
(4) Wide variety of payment options:
- Equipment Financing: payments are remitted monthly with terms of 2-5 years
- Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months
(5) Potential Tax Savings:
The Section 179 Tax Deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the purchase price from your gross income. You can secure the equipment, tools, and technology you need, while also taking advantage of significant tax deductions - up to $1,000,000. Consult your tax professional for more details.
(6) Guaranteed lowest payment:
Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.
In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.
The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.
The Guaranteed Lowest Payment may be discontinued at any time without notice.
To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.
(7) Terms and Conditions apply:
This is not a guaranteed offer of credit. Loans subject to lender approval. Approval amount is based on eligibility determined by information obtained from Dun & Bradstreet. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average bank balances, personal credit and other variables deemed relevant by the lender.