Industry expertise
Business Loans Built for Electrical Contractors
From bucket trucks and bonding requirements to payroll between commercial jobs, TrustFi helps electrical contractors get the working capital they need fast.
- Applying will not impact your credit score
- Funding decisions in as little as 24 hours
- A dedicated funding specialist, not a call center
- Businesses funded
- 10,000+Businesses funded
- In funding secured
- $500M+In funding secured
- Industries served
- 50+Industries served
Why it's different
Funding built around how electrical contractors actually run
Electrical contracting runs on upfront costs that outpace the pace of payment. A bonded and insured crew needs bucket trucks, wire pulling equipment, and a rotating stock of conduit, breakers, and panels, and every apprentice added to a crew adds payroll before that crew generates billable hours. Licensing renewals, continuing education for code updates, and bonding capacity for larger commercial bids all take capital that has nothing to do with the job site itself. TrustFi helps electrical contractors fund the trucks, tools, and bonding capacity needed to bid on bigger work.
Most electrical contractors work under net-30 or net-60 payment terms from general contractors, and commercial jobs often hold back a retainage percentage until final inspection, sometimes months after the wiring is done. Copper and other material prices can shift between the bid and the buy, squeezing margins on fixed-price contracts. Meanwhile payroll for licensed electricians and apprentices goes out every week regardless of when the GC pays. TrustFi financing covers that gap between finishing a job and getting paid for it.
What we hear
The cash-flow pressures you know too well
Retainage Ties Up Earned Revenue
General contractors often withhold a retainage percentage of a commercial job's value until final inspection passes, sometimes months after your crew finishes the wiring, leaving that revenue on paper instead of in the bank.
Truck and Tool Costs Add Up Fast
Bucket trucks, wire pullers, conduit benders, and testing equipment all wear out on job sites, and a crew that can't get to the next site or pull the next permit test loses billable days waiting on repairs or replacements.
Bonding Capacity Limits Bid Size
Larger commercial and municipal jobs require bonding, and your bonding capacity is tied to your working capital. Without room to grow that capital, you're stuck bidding smaller residential and service jobs instead of larger contracts.
Payroll Outpaces Payment Terms
Licensed electricians and apprentices get paid weekly no matter what net-30 or net-60 terms a general contractor set on the job. Falling behind on payroll during a run of slow-paying jobs can cost you your best crew members.
Where the money goes
What electrical contractors use funding for
- Purchase a bucket truck or service van
- Upgrade wire pullers, conduit benders, and testing equipment
- Cover payroll while waiting on retainage from a GC
- Increase bonding capacity to bid larger commercial jobs
- Stock panels, breakers, and conduit ahead of a big job
- Fund licensing renewals and code-update training for your crew
Our recommendation
Funding options that fit electrical contractors
Based on how businesses in your sector earn and spend, these three structures tend to work best.
- Option 1
Invoice Factoring
Selling outstanding invoices for immediate cash turns net-30 or net-60 payment terms into cash today, so payroll and material orders don't wait on a general contractor's billing cycle.
How it works - Option 2
Business Line of Credit
Draw funds as needed to cover payroll between jobs or stock up on panels and conduit before a big bid, and pay interest only on what you use.
How it works - Option 3
SBA Loans
An SBA loan's longer term and lower rate can fund a truck fleet or shop expansion that grows your bonding capacity for larger commercial and municipal contracts.
How it works
Getting started
Three steps, no runaround
- 1
Tell us your story
Share a few details about your business and what you need the capital for. It takes under 10 minutes and never touches your credit score.
- 2
Review your options
A specialist reviews your file and comes back with clear, side-by-side options — real numbers, plain English, no pressure.
- 3
Fund your future
Pick the option that fits. Once you approve, funds can reach your account in as little as 24 hours.
Client stories
We're proud to be part of their journey.
The success of our clients is our greatest reward — 350+ five-star Google reviews and counting.
TrustFi was fantastic to work with on our business capital funding needs. They were professional, efficient and provided the best customer service experience I've had in this industry. We will continue to partner with TrustFi on our funding needs going forward. Highly recommend!
MMaria O. My experience with Griffin Ferro and his team at TrustFi was fantastic. He was able to get me funding in one day. Griffin's communication was awesome. He made sure I knew what was going on every step of the way. He took the time to make sure I completely understood all the aspects of the transaction.
JJohn Highly recommend and a great experience. Gary had our best interest in mind, with professionalism, dedication and care. They really supported our business needs. Great customer service as well!
TTim F.
Can I finance a new service truck or bucket truck?
Yes. Term loans and SBA loans both work well for vehicle purchases. You get a lump sum to buy the truck outright, with a fixed repayment schedule you know in advance. Many electrical contractors also use a business line of credit to cover smaller equipment like wire pullers and testing tools.
How does financing help with retainage delays?
Retainage can tie up a meaningful share of a commercial job's value until final inspection. Invoice factoring lets you sell that outstanding invoice for cash now instead of waiting months, while a business line of credit gives you a cushion to cover payroll and materials in the meantime.
Will applying affect my credit score?
No. Applying for financing through TrustFi does not impact your credit score. You can compare options like invoice factoring, a line of credit, or an SBA loan and see what your business qualifies for before making any decision. The application itself takes under 10 minutes.
How fast can an electrical contractor get funded?
TrustFi offers a 2-hour response guarantee, and qualified applicants can see funding in as little as 24 hours. Timing depends on the product and your documentation, but SBA loans generally take longer to process than a term loan or line of credit given the additional underwriting involved.
Can financing help increase my bonding capacity?
Bonding capacity is tied to your business's working capital and financial strength, so building up capital with a term loan or SBA loan can support a surety's decision to extend more bonding. Talk with your bonding agent about how additional capital or assets factor into their calculation.
What is the difference between a term loan and a line of credit for my business?
A term loan gives you a lump sum upfront with a fixed schedule, well suited to a one-time purchase like a truck. A business line of credit lets you draw funds as needed and pay interest only on what you use, which fits recurring costs like payroll or material restocking better.
Funding for electrical contractors, without the runaround.
Apply in under 10 minutes. A specialist who understands your sector will walk you through the options within two hours.
- Applying will not impact your credit score
- Funding decisions in as little as 24 hours
- A dedicated funding specialist, not a call center
- Transparent terms with no hidden fees