Financing for HVAC and plumbing contractors
Your business grows with crews, trucks and inventory ready when the phone rings. We help you explore capital for that capacity, or financing to buy your shop and warehouse.
GROW™ — capital for your next stage
GROW™: up to $350,000, up to 10-year terms, no prepayment penalty and no specific personal collateral required.
What owners typically invest in
- Trucks and crew outfitting
- Specialized tools and diagnostics
- Equipment and parts inventory
- Hiring and certifying technicians
- Warehouse expansion or a second crew
OWN™ — buy the building where you operate
The warehouse, yard and shop carry daily operations: materials, parts and vehicles need secure space. Renting limits how much inventory you can hold and leaves your base subject to a lease renewal. Owning the property gives you control of that capacity.
What lenders typically review
Lenders usually review how long the business has operated, its cash flow, the owners’ credit and the mix of recurring service and project work. For GROW™, reference guidelines include three or more years in operation, a personal FICO of 650 or above, a minimum SBSS score of 165, personal and business debts current, repayment capacity with a minimum DSCR of 1.25x and no bankruptcy in the last seven years. GROW™ does not require specific personal collateral, though limited business collateral requirements may apply. To buy the property through OWN™, your business must occupy most of the building.
Frequently asked questions
Can I finance trucks with this capital?
Yes, vehicles and equipment are contemplated GROW\u2122 uses, subject to lender approval.
Can it carry payroll in the slow season?
Working capital is contemplated. The lender evaluates your annual repayment capacity, not a single month.
Can I buy the shop I rent?
In many cases, yes, if your business occupies most of the property, through OWN\u2122.
What documents do I need?
Business tax returns, year-to-date financials, bank statements and a schedule of your business debt.
Related uses of capital
Every rent payment builds your landlord's equity. With owner-occupied SBA financing, you can buy the building you rent today and turn that monthly payment into an asset you own.
Learn more
The right equipment lets you serve more customers, work faster and offer new services. With working capital you can invest in it without draining your operating account.
Learn more
Running out of stock in your best season means losing sales you already had. With working capital you can buy ahead, take advantage of volume discounts and say yes to large orders.
Learn moreIndustries
- Accounting & tax
- Agriculture
- Auto dealerships
- Automotive care
- Broadband
- Dental practices
- Educational services
- Fitness centers
- Franchise restaurants
- Franchises
- Funeral homes & crematories
- Government contracting
- Hardware stores
- Healthcare
- Home care
- Insurance agencies
- Investment advisory
- Law firms
- Managed service providers
- Pet care facilities
- Pharmacies
- Professional services firms
- Property management
- Restoration, remediation & cleaning
- RV parks
- Self-storage
- Veterinary clinics
- Other established small businesses
Find out what your business may qualify for
Answer a few questions and an advisor will review your case, with no obligation.
All financing is subject to approval, financial analysis and lender terms.