Trucks, equipment and working capital for electrical contractors
Electrical work is front-loaded: you buy wire, gear and panels and pay your crew weeks before a builder or general contractor pays you, and commercial jobs often hold back retainage until the end. We finance the vans, bucket trucks and equipment, and the working capital that carries you between draws.
Electrical equipment we finance
New or used, from a dealer, private seller or auction. Residential service, commercial, industrial, utility, solar and EV-charger work.
Rough price ranges for electrical contractor equipment
| Equipment | Typical new price |
|---|---|
| Upfitted service van | $55,000 – $90,000 |
| Bucket truck | $120,000 – $250,000+ |
| Scissor lift | $15,000 – $40,000 |
| Boom lift | $60,000 – $150,000 |
| Ride-on trencher | $50,000 – $150,000 |
| Small directional drill (HDD) | $150,000 – $400,000 |
| Cable puller | $10,000 – $50,000 |
Estimates only, not quotes. Used bucket trucks and lifts often cost far less and can be financed the same way.
Which funding fits which electrical-contractor problem
| The problem | Best fit | Why |
|---|---|---|
| Adding a van, bucket truck or lift | Equipment financing or lease | Lowest cost. The equipment is the collateral, with fixed payments up to 72 months. |
| Buying wire, panels and switchgear up front | Business line of credit | Draw when you order materials, repay when the draw pays, and use it again. |
| Waiting on progress billings or retainage | Invoice factoring | Cash on approved invoices now instead of in 30–90 days. |
| Staffing up for a big commercial job | Working capital or term loan | Fixed payments over 12–24 months to carry payroll until the job pays. |
| Need cash in 24–48 hours | Revenue-based advance | Fastest, but the most expensive. Short gaps only. |
Straight talk: retainage is your money, just late. Plan for it with a line of credit instead of covering it with high-cost short-term debt.
Funding explained, in plain English
Funding your equipment.
Your equipment write-off options.
Why electricians finance with us
What it takes to qualify
- Active business entity and electrical contractor's license where required
- Personal guaranty from all owners (corp-only available for established companies)
- Minimum 650 credit score for startups (pre-revenue or under 2 years in business)
- No bankruptcies in the last 7 years
- No unresolved tax liens
- 3–4 months of bank statements for working capital
See where you stand with the approval indicator.
Bigger jobs, longer waits
Moving from residential service calls to commercial and industrial jobs raises your revenue, but it also stretches your cash cycle: materials get bought up front, progress billings take 30 to 60 days, and 5–10% retainage can be held until the project closes. Finance lifts and trucks separately, line up a credit line before you bid, and keep your bonding capacity in mind, since sureties look at your working capital too.
From application to funding
- Apply in minutesOne application covers vans, equipment and working capital.
- Send documentsA dealer quote, or 3–4 months of bank statements for working capital.
- Review your offersOften by the next day, side by side, with every payment shown.
- Get fundedWorking capital in as little as 24–48 hours; equipment usually 1–5 days after signing.
Electrical contractor financing questions
Can a new electrical contractor get financing?
Yes. Startups are considered for van and equipment financing with strong personal credit, usually with a down payment. Working capital programs typically need at least 6 months of deposits.
Can I finance a used bucket truck?
Yes. Used bucket trucks, lifts and equipment from dealers, private sellers and auctions can be financed, as long as the equipment and seller can be verified.
How do I cover materials on a big commercial job?
A business line of credit usually fits best: draw when you order wire and gear, and repay when the progress payment comes in. It costs less than a cash advance and can be reused.
Can I get cash on progress billings or retainage?
Invoice factoring can advance cash on approved invoices from creditworthy customers. Retainage is usually harder to factor, so plan for it with a line of credit.
How much can I get on the application alone?
Up to about $250,000 for equipment with a one-page application, depending on credit and time in business. Larger amounts, up to $5,000,000, need financial statements.
Do you finance solar and EV-charger installation equipment?
Yes. Trucks, lifts, trenchers and tools used for solar, EV-charger and generator installs can be financed like any other contractor equipment.
Ready to take on bigger jobs?
One application for vans, bucket trucks, equipment and working capital. Soft pull to pre-qualify, no obligation.
Equipment prices shown are general estimates, not quotes. All financing subject to credit approval; rates and terms vary by credit, time in business and product. NMLS #2009539 · CA DFPI #60-DBO49692.
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements, loans, especially in crane and boom truck and equipment financing, predominantly involve personal interaction with an underwriter to ensure as fraud prevention. Automation may not suffice, particularly when dealing with a third party like the vendor and the complexities of equipment purchase. In such scenarios, business owners are often better served by collaborating with a Business Loans Broker like Liberty Capital Group, Inc., who can steer them in the right direction.
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Apply Online
Complete our quick online application. Application takes 5 mins.
Review Your Options
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Get Funds
Money will be deposited in your account in as little as 24 hours.