Business finance for electricians: vans, equipment & working capital

Electricians can access a range of commercial finance products: hire purchase or finance lease to fund vans, test equipment, cable drums, and access platforms; unsecured business loans for working capital or taking on larger commercial contracts; and invoice finance to advance cash against unpaid invoices from commercial clients. Sorbus Finance can consider these options through its extensive panel of 150+ lenders.

Yes. Sole traders, partnerships, and limited companies can all access business finance. Lenders typically want to see 12 months of trading history, though some specialist lenders will consider newer businesses, particularly where the director has a strong credit profile and relevant industry experience. We work with a wide panel of lenders and can match you to the most suitable option for your trading structure.

Yes. Electric vans are fundable through hire purchase (where you own the van at the end of term) or finance lease (lower monthly payments, off balance sheet). Some lenders offer incentivised EV finance rates, and you may also be eligible for government grants such as the Plug-in Van Grant on top of any finance arrangement. We compare all options to give you the lowest total cost.

Yes. Specialist electrical test instruments, including multifunction testers, thermal imaging cameras, and PAT testers, are all fundable through asset finance. Smaller items can often be bundled into a single facility alongside van finance. Minimum facilities typically start from around £5,000.

If you carry out commercial electrical work and invoice business clients, invoice finance allows you to draw up to 90% of the invoice value within 24 hours of issuing the invoice, rather than waiting 30, 60, or 90 days for payment. This is particularly useful for contractors taking on larger commercial or industrial projects where payment terms can stretch cashflow significantly.

Not always. Many asset finance lenders will fund 100% of the asset value for established businesses with clean credit, meaning no deposit is required. For newer businesses or those with adverse credit, a deposit of 10–20% may be requested. We will structure the deal to minimise your upfront costs.

For straightforward applications on vans and light equipment, decisions are typically available within 24–48 hours of a complete application. Larger or more complex facilities may take slightly longer. We manage the application process on your behalf and will give you a realistic timeline from the outset.