Key Takeaways
- Electrical contracting revenue drives Bankable approval — no green card required
- Fund equipment, vehicles, and working capital for OPT electrical contractors
- Residential, commercial, and industrial electrical contractors all qualify
- 48-hour decisions for electrical businesses with $15K+ monthly revenue
Electrical engineering graduates on F-1 OPT who hold or sponsor licensed electricians are building electrical contracting companies that serve residential construction, commercial tenant improvement, industrial facility maintenance, and renewable energy installation markets. The electrical contracting industry is experiencing strong demand growth driven by EV charging infrastructure, solar installation, and commercial HVAC electrification — markets where internationally trained electrical engineers have deep technical advantages.
Electrical Contracting Capital Uses
- Service vans and trucks with electrical tool setup
- Testing and diagnostic equipment: multimeters, cable testers, and IR cameras
- Conduit, wire, and materials pre-purchase for project bids
- Working capital between project milestones and progress billing
- Hiring licensed journeymen and apprentices for project expansion
Frequently Asked Questions
Yes. Since March 2026, SBA loans require 100% US citizen or national ownership. Bankable is non-SBA — F-1 OPT founders qualify based entirely on business revenue.
No. Bankable funds US-registered business entities based on revenue. Immigration status is not evaluated.
Your business entity continues operating and servicing funding. The loan is with the business, not the individual.
Yes. Electrical contracting business ownership does not require personal electrical licensure in most states — you can own the business and employ licensed master electricians. Verify state-specific requirements.
$15,000+ in monthly project revenue with 4+ months of operating history.
Yes. New contract fulfillment capital — materials, equipment, and labor — is a primary use case for electrical contractors seeking Bankable funding.
Yes. Solar PV installation businesses with documented installation revenue qualify on the same terms as traditional electrical contractors.
Yes. Service vans with the vehicle as collateral and specialty electrical equipment qualify for Bankable's equipment financing program.