Key Takeaways
- Many former H-2B construction workers trained as electricians and launched their own electrical businesses
- Bankable funds electrical contracting businesses $25K–$5M based on service revenue
- Equipment, vehicle fleet, and contract working capital all available
- SBA 2026 rule eliminated non-citizen electrical contractors from all SBA programs
- 48-hour approvals for qualified electrical businesses
From H-2B Construction Worker to Licensed Electrical Contractor
Electrical contracting is a career path that many former H-2B construction workers have followed. Working on construction sites, they observed and assisted with rough-in electrical work, developed relationships with licensed electricians who mentored them, and pursued apprenticeship programs after gaining work authorization. Many are now licensed master electricians running successful residential and commercial electrical businesses in Florida, Texas, Georgia, Virginia, and throughout the Sunbelt.
Licensed electrical contractors have strong pricing power and non-discretionary demand. Electrical panel upgrades, EV charger installations, generator hookups, and new construction rough-in work generate consistent revenue for well-run operations. Bankable funds these businesses based on that revenue — no citizenship required.
Electrical Business Capital Needs
- Service vehicles: Electricians require fully equipped vans loaded with conduit, wire, panels, breakers, and specialty tools. Each service van represents $40K–$80K in vehicle and inventory investment.
- Tools and test equipment: Thermal imaging cameras, power quality analyzers, and code-compliant testing equipment run $5K–$20K per fully equipped electrician.
- Material pre-purchase for large jobs: Commercial electrical work requires purchasing wire, panels, conduit, and fixtures before the job begins. A $500K commercial project might require $80K–$150K in upfront materials.
- Licensing and insurance expansion: Moving from residential to commercial work requires additional licensing, increased insurance limits, and bonding.
- Solar and EV charger installation expansion: These high-growth segments require training, equipment, and marketing investment before revenue materializes.
Equipment & Vehicle Financing
Service vans, testing equipment, and specialty tools. Equipment-secured for better rates and terms.
Learn More →Contract Working Capital
Cover material costs for commercial electrical projects. Draw and repay as invoices clear.
Apply →Revenue-Based Funding
Repay as a percentage of daily deposits. Ideal for electrical businesses with variable monthly volume.
Apply Now →Frequently Asked Questions
Yes. Bankable does not require a green card. Licensed electrical contractors with any valid work authorization and documented business revenue qualify.
We fund residential electrical contractors, commercial electrical contractors, industrial electricians, solar installation companies, EV charger installers, and generator service businesses.
Yes. Service vehicle and equipment financing is available, with the vehicle and equipment serving as collateral for better rates.
Funding depends on annual revenue. An electrical company generating $500K–$1M annually typically qualifies for $100K–$400K in initial funding.
The 2026 SBA rule requires 100% citizenship, eliminating non-citizen electrical contractors. Bankable is private capital with no citizenship requirement.
Yes. Working capital products cover material costs for large commercial projects while you wait for progress payments or invoice payment.
You need a valid state electrical contractor license. Master, journeyman, or specialty licenses all qualify as long as your business is legally authorized to perform electrical work in your state.
Most applications receive a decision within 48 hours. Funds are typically deposited within 3–5 business days of approval.