Sep 16, 20186 min
Updated: Nov 4, 2019
Our mission at Business Financial Consulting is to provide innovative financial solutions to businesses within fast growing industries. Business Financial Consulting is here to help businesses achieve financial security within the fields of electrical contracting.
The U.S Small Business Administration explains that a good business plan will guide you through different stages of managing your business. Therefore, no matter what you specialize in, it's very important to keep your business goals in mind. A well structured business plan will direct you down the paths needed to be crossed in order to achieve all of your business-related goals. Executive summary. Share your company’s mission statement and briefly talk about what it does, how it operates, and how it will achieve success.
Your company description. What solutions do you provide? Who is your customer? Why are you better than the competition?.
Competitor analysis. Identify the competition and their strengths, weaknesses and areas to where you will strive.
Full business structure. An organizational chart can help you implement this.
Product line. List all of your services and list full benefits, this is where you need to expose your data research and analysis, including your competitive advantage.
Marketing & Sales initiatives, programs, and maintenance activities of customer acquisition.
Total funded amount requested
Even though this will be a lot of work, creating an in-depth electrical contractor business plan will help your company's current status and its path to greater success.
If you are in the first stages of starting an electrical contractor business, you should expect you can expect equipment related costs to pile up, as well as installation equipment and a method of transportation. The amount of the above mentioned, will depend on the type of service/product you offer.
If you run a more established business, some of these costs will be recurring, as is the case with raw materials. Some equipment will have to be updated or replaced due to regular tear and wear, as well as repairs, therefore you should consider these costs.
Among general costs of starting a business in these fields, you might need to add any licenses you might need in order to fully operate. Every state is different, therefore please make sure you check with local state laws and policies, in order to make sure you pay for what you actually need. Additionally, there are insurance costs, permits, and the expense of either building a structure, permits, etc.
At BFC, we have several financing options for electrical contractors including small business loans, equipment loans, and business credit lines. Our business loans are generally used towards any business expense including payroll, operating expenses, and much more
Our business lines of credit are revolving, therefore, you can use as soon as balance is re-paid. Credit limits are revolving, which means that your limit will grow and your company grows. These are a great tool for business office reparations, quick orders or unexpected expenses.
Equipment Loans and Leases are the core of our business, whenever it comes to financing a vocational van, trailer, or electrical tools, Business Financial Consulting continues to provide the most competitive pricing tiers and business incentives that will lead your business towards economic success. This type of financing is uniquely tailored to help businesses grow capital and be able to keep operating expenses as low as possible for their business, during slow or rapidly growing project development. This enables businesses to keep flexible loan payment options that align with your current financial scenario.
The main questions that new small business owners have is about how they can use their business loan to the maximum. This answer will change for every business and what type of financing they are in. For example, with an equipment loan you will be able to replace and upgrade any business equipment, with a small business loan you will be able to purchase all of the material needed upfront along with permits and such. With that in mind, with Business Financial Consulting's funding options, you will be able to do the following
Payroll
Building Renovation & Expansion
New Vehicle Purchase
Upgrading or Replacing Equipment
Purchase of Materials
Permit, Licensing Costs
Any other business related expense
With BFC as your business loan partner, you don't have to ask yourself how to run an electrical contractor company. We will finance you from start to finish and explain the process thoroughly.
Below are a few industries within the same field that we provide financing for :
Cable television contractors
Communications equipment and wiring installers
General cable installers
Electrical wiring contractors
Fire and security system installers
Electric fence installers
Lighting system installers
If you are in any of these industries, give us a call and we will gladly walk you through the process of how to receive business financing for your electrical contracting business. We look forward to continue helping the electrical contracting industry and providing financing optionals.
Move your business to the next level with Business Financial Consulting and our experienced staff of loan officers. Our commercial business loans & commercial equipment business loans have helped thousands of companies across the U.S. to maintain and exceed consumer demands, in many industries. Call us and start working on your dreams! Every business will have a different business environment, however you will need an equally diverse financial institution that will be able to work with your specific situation. BFC can approve commercial equipment loans & financing for businesses for up to 60M for established and well qualified buyers across Florida and the US. We have been working with business owners since our inception as a company, and will continue to do so. When deciding which type of commercial equipment you will need for your business, it's equally as important to you should have your own financing to be able to go anywhere you want to purchase the machine that will fit your business needs at the time of your equipment purchase. Most business owners know what kind of equipment they are looking for and our job is to be able to provide your business with a competitive Commercial Business Loan, Commercial Equipment Loan or Commercial Factoring. It's always important to try to attach a business warranty to your commercial equipment in order to be protected in case of an equipment malfunction. For the most part, new equipment will include some sort of warranty from the manufacturer. We encourage you to reach out to one of our finance specialist to discuss your businesses specific needs. We are here to help your business grow to places it has not seen before, and as your most trusted business partner, we will be there all along the way. For more information please call 786 234 5433 or 855-303-8637 for information on our business financing loan and business equipment financing loan options.
The Following Services Are Only Offered In The Following States
The Following Services Are Offered Only In The US:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania , Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
BFC Commercial Truck & Trailer Equipment Financing & Leasing®
BFC Equipment Financing & Leasing®
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