
5 Ways Technology Is Revolutionizing the Loan Application Process

After a decade-long career with the U.S. Army Corps of Engineers and government service, Luke launched LG Electrical in 2021. His goal wasn’t just to start a business — it was to create jobs for fellow veterans transitioning back to civilian life.
With a focus on residential and commercial electrical work, LG Electrical quickly gained traction in the Denver area. But as the company took on larger contracts, cash-flow challenges began to grow.
“It’s not about making a bunch of money. We just want to keep people employed. Veterans have served their country — we want to keep serving our neighbors.”
Lukas Garrison, Owner, LG Electrical
Bigger jobs came with bigger opportunities but also longer payment cycles, tighter cash flow, and increased pressure to make payroll on time. Meanwhile, Luke remained committed to:
Luke and his team worked with iBusiness Funding to secure a loan that could help them bridge the gap between projects and payouts. What stood out most? Flexibility.
“We were looking for a loan with no prepayment penalty. We didn’t want to be locked in. That’s why we chose iBusiness Funding.”
Lukas Garrison, Owner, LG Electrical
With access to capital, LG Electrical was able to:
With funding secured through an iBusiness Funding network lender, LG Electrical has scaled operations, taken on larger commercial projects, and grown their presence across Colorado — all while staying true to their mission of supporting veterans and building sustainable growth.
“The loan gave me the cushion I needed. Not just for myself, but for my team. It allowed us to take on bigger projects, invest in marketing, and most importantly, keep veterans employed full-time.”
Lukas Garrison, Owner, LG Electrical
Today, LG Electrical operates a fleet of eight service trucks, employs a majority-veteran crew, and continues to expand its footprint across Colorado. While business is growing, the mission remains steady. Luke’s story is one of resilience, service, and smart decision-making — backed by funding that fit his values and his business goals.
The relationship between LG Electrical and iBusiness Funding shows how the right financial support, combined with clear vision and strong values, can create growth that benefits not just the business but also the entire community it serves.