Greendale Funding of Gallatin, Tennessee helps Sumner County, TN electrical contractors request working capital for materials and crew payroll, equipment financing for lifts and vans, and credit lines for job-to-job gaps. The county counted 54 electrical contractor employers in 2023. Partners review the contractor's jobs and deposits, and decide.
At a glance
- Electrical contractor employers, Sumner County, TN
54 (CBP 2023, NAICS 238210)
- Employees at those contractors
418 (CBP 2023)
- Contractors under five employees
53.7% (CBP 2023)
Working capital for electrical contractors around Gallatin, TN
Copper, gear and fixtures are bought at the start of a job; the draw or final payment comes at the end. Working capital covers that stretch; a line of credit covers it job after job; equipment financing covers scissor lifts, trenchers and vans. More contractor questions are on the contractor funding page.
| NAICS group | Employers | Employees | Annual payroll | Under 5 employees | In ZIP 37066 |
|---|---|---|---|---|---|
| Electrical contractors (238210) | 54 | 418 | $32.3 million | 53.7% | 13 |
By our arithmetic, contractors averaged 7.7 employees each and about $77,300 in payroll per employee. Nonemployer Statistics separately counted 132 electrical businesses without payroll in 2024.
Working capital for electricians around Gallatin, TN
Illustration only, invented figures: a contractor wires a retail build-out for $54,000. Materials cost $19,000 on order and two electricians cost $3,600 a week for five weeks. Before the first payment on day 45, $37,000 has gone out (our arithmetic: $19,000 + 5 x $3,600).
Electrical business loan, explained for Gallatin, TN owners
A partner reads the job list with customers and terms, bank statements, any retainage outstanding and existing payments on vans and equipment.
Working capital for an electrician business: a Gallatin, TN primer
- Price the materials for the next two or three jobs
- Add crew wages until each job's first payment
- Subtract cash on hand
- Request the difference, not a round number
Working capital for an electrician company for owners in Sumner County, TN
Of the 54 employers in 2023, 29 had fewer than five employees (CBP 2023). Clean books, separate accounts and a current job list carry a small firm's request.
Electrical company financing: what Gallatin, TN owners weigh
Weigh the line's charges against how many jobs it would carry in a year, and the equipment payment against the rentals it replaces. Other trades are on the industry overview, and county-wide counts on the Gallatin, TN data page.
Records a partner reads for an electrical contractor in Gallatin, TN
- Bank statements for six months
- Job list with customers, contract values and retainage
- Materials quotes for upcoming jobs
- Vehicle and lift list with payments
- Tax returns for two years
Matching electrical costs to funding
| Cost | Funding to compare | Note |
|---|---|---|
| Wire, gear and fixtures for one job | Working capital | Sized to the job |
| Payroll across overlapping jobs | Line of credit | Drawn and repaid per job |
| Scissor lift, trencher | Equipment financing | Item secures it |
| Service van | Equipment financing | Van secures it |
Retainage on commercial work belongs on the job list, since it is earned but not yet received.
Electrical work and building permits in Sumner County, TN
New housing units permitted in Sumner County, TN went from 1,778 in 2024 to 3,045 in 2025 (Census Building Permits Survey). The figure counts housing units, not electrical jobs, but residential wiring follows new units. Size any funding to the contractor's own job list, not to county totals.
ZIP 37066 share and solo receipts for Sumner County, TN electricians
ZIP Code Business Patterns placed 13 of the county's 54 electrical contractors in ZIP 37066 in 2023, 24.1% by our arithmetic. The payroll per employee shown above, about $77,300, compares with about $52,700 for all Sumner County, TN employers (our arithmetic from CBP 2023).
The 132 electrical businesses without payroll in Nonemployer Statistics reported $11.7 million in receipts in 2024, about $88,600 each by our arithmetic.
Retainage on a Gallatin, TN commercial wiring contract, worked through
Illustration only, invented figures: a $120,000 wiring contract is billed in four monthly draws of $30,000, each with 10% retainage held back. The contractor receives $27,000 per draw, and $12,000 waits until closeout (our arithmetic: 4 x $3,000). In this invented example, if closeout comes 60 days after the last draw, that $12,000 stays part of the working capital need for two more months.
Vans, lifts and tools for Sumner County, TN electrical crews
Electrical crew equipment falls into three groups: vehicles such as service vans and bucket trucks, access equipment such as scissor and boom lifts, and tools such as benders, pullers and testers. Vehicles and lifts are larger items that suit equipment financing; tools are smaller and can come from working capital. Set the payment on a lift beside what the crew spends renting one across a year.
Illustration only, invented figures: renting a scissor lift 40 days a year at $210 a day costs $8,400 (our arithmetic). An owned lift with a $310 monthly payment costs $3,720 a year in payments (our arithmetic: 12 x $310), before storage, transport and service.
By Greendale Funding ยท Updated