Funding for Electrical Contractors
A line of credit covers materials and payroll between draws, and asset-based lending turns receivables and equipment into capital for bonding up to bigger work.
Electrical work front-loads everything: wire and panels bought before rough-in, crews paid weekly through every phase, gear ordered months out on commercial jobs — and the GC's draw schedule answering to nobody. Material prices move while you hold a fixed bid, and retainage keeps a piece of every invoice hostage until the punch list dies. A bank looks at the lumpy deposits and hesitates; an electrician looks at the backlog and sees money that just has not arrived yet. Broadway sees it your way. One short form, three months of bank statements, soft credit pull, same-day decision, funding in as little as 24 hours.
The challenge
Copper and materials are paid for at today's prices, GCs pay on net-30 to net-90, and retainage holds a slice of every job until closeout. Your money is always working on someone else's schedule.
How Broadway Advance helps
A line of credit covers materials and payroll between draws, and asset-based lending turns receivables and equipment into capital for bonding up to bigger work.
What owners use it for
- Buy wire, panels, and gear for new jobs at today's prices
- Make payroll between draw payments
- Purchase bucket trucks, lifts, and benders
- Carry bonding and insurance to bid larger contracts
- Bridge retainage held until closeout
- Expand into EV charging and solar installation work
See your real number in about five minutes.
Apply nowFunding options that fit electrical contractors
Business Line of Credit
A revolving cash reserve you only pay for when you draw on it.
Flexible limits →Asset-Based Lending
Turn real estate, inventory, equipment, or credit into working capital.
Based on asset value →Equipment Financing
Buy the equipment you need; the equipment itself secures the deal.
Up to 100% of equipment cost →Electrical Contractors funding questions
Material prices jumped mid-job and my bid is fixed — can funding cover the spread?
Yes, and speed is the point. A line of credit or fast advance covers the materials buy now so the job keeps moving, and you absorb the spread over the term instead of out of this week's payroll. An MCA costs more than bank money, but a stalled job costs more still — delay penalties, idle crews, a GC who remembers. Funding can land in as little as 24 hours off one short form and three months of bank statements.
Can I get funding based on signed contracts and unpaid invoices?
Yes. Receivables from creditworthy GCs and owners are real collateral, and asset-based lending lets you borrow against them — often at better pricing than unsecured options, because the value is documented. Signed contracts strengthen the file even before they become invoices. Bring your aging report, your contracts, and three months of statements; we broker across 25+ funders and will structure a facility that grows as your receivables do.
Does equipment financing cover a bucket truck or scissor lifts?
Yes — vehicles and access equipment are classic candidates. The truck or lift is the collateral, Broadway can finance up to 100% of the cost, and approval leans on the asset and your deposits rather than on perfect credit. That keeps your cash free for copper and crews, which nothing else will collateralize. New or used both work, and the application is the same one-page form with a soft pull and a same-day decision.