Electrical Contractor Funding — Materials, Mobilization & Payroll Capital
Electrical contractor funding from Y Millennial Funding is working capital for service electricians, residential and commercial electrical contractors, and solar and EV-charger installers, structured as a merchant cash advance: a purchase of future receivables, not a loan. It is sized to the contractor's bank deposits, for shops doing $50,000 or more a month, and remitted as a share of receivables, so it moves with how service calls and project draws actually pay. Not all applicants qualify.
The gap in electrical work is material and labor up front, money on the back end. Wire, conduit, gear and licensed crews are paid when the job starts, while general contractors pay on monthly draws with retainage held back, and switchgear can take months to arrive. Contractors use our funding to buy copper before prices move, cover payroll between draws, mobilize a new commercial job, and add vans and crews. We are a direct funder and underwrite on deposits, not credit score or collateral.
Get Pre-Qualified
Takes under a minute. No credit pull.
- Can I qualify with bad credit? No. Approval weighs your electrical business's deposits and revenue, not your credit score or collateral, so a contractor with steady deposits can qualify despite past credit issues. Not all applicants qualify.
- How fast can I get funded? Eligible applications with complete bank statements can get a same-day decision, with funding commonly within 24 to 72 hours.
- What does it cost? Advance size is based on monthly deposits and how consistent they are. Advances commonly start around $25,000, and we evaluate requests up to $5 million for commercial and industrial contractors. Not all applicants qualify.
Industry Snapshot
Residential and commercial electrical contractors; service and repair electricians; new-construction and remodel wiring; low-voltage, solar, and EV-charger installers; industrial and mechanical electrical contractors.
$50K-$3M monthly revenue typical for our applicants; many established electrical businesses in the $80K-$1M monthly range.
$25K-$400K typical advance size; larger advances available for commercial and industrial operations with strong deposit history.
Why Traditional Lenders Struggle with Electrical Contractors
Banks see uneven revenue: steady service calls plus big construction invoices that pay months late, with retainage sitting on the balance sheet as money the contractor can't use yet. Copper and gear have to be funded before payment, and the value of the business is in licensed people and trucks, not real estate.
A bank line also moves too slowly for a material buy that has to happen before a price change or a job that has to mobilize next week.
Why Revenue-Based Funding Works for Electrical Contractors
A merchant cash advance looks at what an electrical contractor deposits: service tickets, progress draws and retainage releases. We size funding to that history rather than to credit score or collateral, and it arrives fast enough to lock in a material order or mobilize a job.
Remittance is a share of receivables, so a month waiting on a draw means a smaller remittance, and a month when retainage is released pays it down faster.
A merchant cash advance is a purchase of future receivables, not a loan. Approval depends on underwriting and revenue, and not all applicants qualify.
See if your electrical contractors business pre-qualifies
Checking your options takes under a minute and won't affect your credit. Approved on revenue, not credit score.
Prefer to talk? Call (855) 774-6461Common Uses of Funding
Buying wire, conduit, panels and fixtures ahead of a price move; deposits on switchgear and other long-lead equipment; covering payroll between draws; bridging retainage until closeout; mobilizing a new commercial project; vans, lifts, trenchers and tools; expanding into solar, battery and EV-charger installation.
Common Challenges
Copper keeps moving. Wire and cable are the biggest material line on most jobs, and since August 1, 2025, a 50% Section 232 tariff has applied to the copper content of imported semi-finished copper products, including wire and cable, so bids priced months ago can be under water by the time the material is bought.
Draws and retainage. Commercial and new-construction work pays on monthly progress billing, and owners and GCs commonly hold back retainage, often 5 to 10%, until closeout, which can be months after the crew leaves.
Long-lead gear. Switchgear, panelboards and transformers can take months to deliver, and some suppliers want deposits when the order is placed, well before the project pays for it.
Licensed labor is expensive and scarce. Journeymen and apprentices are paid weekly, and a shop can't drop crews between jobs without losing them to competitors.
Service work pays fast, projects pay slow. A shop mixing service calls with construction work sees steady small deposits and then long gaps on the big jobs.
How Repayment Works
Daily or weekly ACH remittance set as a percentage of revenue, so remittance flexes with actual service and project volume. Total terms typically range from 6 to 18 months depending on advance size and deposit consistency.
Seasonal Considerations
Service and repair demand is steady year-round, with spikes during heat waves and after storms that damage panels and service drops. New construction follows the building cycle and slows in cold-weather markets in winter. Commercial work often bunches at fiscal year-ends when owners rush to spend budgets, and retainage releases cluster at project closeouts rather than on any calendar.
Regulatory Environment
State and local electrical licensing, usually with apprentice, journeyman and master tiers and a licensed master or qualifier on file for the contractor license; the National Electrical Code as adopted by each state, with many states on the 2020 or 2023 edition; permits and inspections on nearly every job; bonding and insurance; OSHA electrical-safety and NFPA 70E arc-flash rules; and mechanic's-lien rules, where missing a preliminary-notice deadline can cost a sub its lien rights on an unpaid job. Solar and EV-charger work adds utility interconnection rules and manufacturer certifications.
Industry Terminology
Rough-in, panel upgrade, service call, gauge/AWG, conduit, low-voltage, retainage, draw schedule, NEC, permit, inspection, journeyman, master electrician, change order, mobilization.
Nationwide Electrical Contractors Funding
Y Millennial Funding works with electrical contractors businesses across the United States. Because our funding is revenue-based and delivered electronically via ACH, we are able to work with businesses nationwide — not just in a single region. Wherever your business operates, we can underwrite based on your revenue history and get you funded quickly.
Local Markets We Serve
We fund Electrical Contractors businesses nationwide — browse all locations.Frequently Asked Questions
Common questions about electrical contractors business funding.
Related Industries
Helpful Tools
Free resources to help you understand and plan your merchant cash advance.
Eligibility Checker
5-minute pre-qualification assessment with no credit pull.
MCA Calculator
Estimate payments, factor-rate cost, APR, and term length.
Stacking Calculator
Analyze capacity for multiple MCA positions.
How MCA Works
Learn the mechanics and process.
MCA Disclosures
Important terms and information.