HVAC business loans

No matter what your financing needs are, we’re ready to help you keep operations running. From fixing equipment and repairing trucks to leasing cranes and boom lifts for commercial jobs to stocking inventory and covering payroll in seasonal lags, our partners have financial solutions for all your needs. We know that time is of the essence because when the AC goes out in the summer or clients need their heat checked as winter settles in, you’ll lose the project if they have to wait.

Our form takes seconds to complete, and our system will match you with trusted financial partners that specialize in financing for HVAC companies. You select the one that meets your needs and apply with them directly. Funds can be released within 24 hours³ from signing. Don’t let your operations come to a halt; click here to get started and get the financing you need.

Your HVAC business won’t have the same needs as another; that’s why a one-size-fits-all loan won’t cut it. If you operate in New York during the winter, you’ll be working on heating systems while a business in Arizona will still be on AC units. This is why we match you with our trusted network of financial partners that specialize in financing for both residential and commercial HVAC companies. Here are a few types of financing available from our lenders for HVAC businesses. 

Short-term business loans

These provide funding for short-term needs, like leasing equipment for a three- or six-month commercial project or upfront project costs before the client pays you. They can also be used for hiring short-term staff. They typically come with a repayment term of less than one year, and short-term loans are often easier to qualify for than long-term loans, but they may have higher interest rates. 

Working capital loans

This type of financing is designed to cover ongoing and immediate expenses, including payroll or inventory during periods of slow business. These loans typically have longer repayment terms than short-term loans but may require collateral or a personal guarantee. Almost any type of immediate need that is associated with keeping operations running can be covered by a working capital loan.  

Equipment financing

If you need to buy or replace equipment including tools, forced air and hydronic systems, and supplies for residential projects, equipment financing is the right choice. It can even be used to replace and upgrade older equipment. This type of business loan provides longer repayment terms than short-term loans and may be secured (collateral-wise) by the equipment itself, making it easier to get approved for. However, if you default on the loan, the lender may seize the equipment, so make sure the equipment and supplies will help you bring in profit to cover the costs of the loan. 

SBA loans

SBA-backed loans are a great option if you’ve been denied financing via traditional means and need cash up to $5,000,000. They have capped interest rates due to being backed by the government, not to mention flexible terms and uses for the financing. 
There is a financing solution for all situations, including disaster recovery, advertising and marketing, or purchasing a competitor. If you’re looking for funding that’s tailored to your HVAC business — whether it is commercial or residential, installation or repair — we can help. Just click here to get started.

There’s no shortage of ways you can use HVAC company financing. Here are a few examples of how HVAC business owners like you are using the financing they got through our financial partners to maintain and grow their companies. 

• To get ahead of labor shortages: Finding and retaining qualified staff can be a challenge, and not having the budget to cover payroll for specialists can cost you a project. HVAC company financing covers all labor costs, from hiring full- and part-time workers to specialists when the need arises.
• To manage seasonal fluctuations: Demand for HVAC services can vary throughout the year, making it difficult to manage staffing needs and resources. You don’t have to lay people off because of a slow season and lose talent to competitors if you get a loan.
• To cover equipment and inventory costs: HVAC systems, computers, vehicles and equipment, parts like coils and compressors, and supplies including drills and cutters can be expensive to purchase and maintain. This is especially true if the business needs to keep a large inventory on hand. You can cover these costs and spread payments over the term of a loan. This makes it easier to free up cash flow, as you can make payments while you convert them into cash and not have to pay out-of-pocket up front.
• To finance marketing and advertising: Word of mouth can only go so far. Savvy owners invest in marketing and advertising to attract new customers and stay competitive during and leading up to busy seasons.
• To adapt to new regulations and technology: The HVAC industry is constantly evolving with new technologies and regulations that can impact the cost of doing business. HVAC financing can be used to keep your business up to date with the latest tech and complying with costly industry regulations.
• To take advantage of acquisitions and expansions: When a competitor is looking to sell or the opportunity to expand your footprint arises, you can get a business bridge loan or acquisition financing to secure time-sensitive opportunities and grow your business.

The requirements to qualify for a loan for your HVAC business vary by financing provider. Traditional lenders, credit unions, government agencies, and alternative online lenders are all going to have certain minimum requirements that applicants need to meet to get funded. These may include a minimum amount of time in business (i.e., six months to a year), a minimum amount in annual sales, and an established credit score (from poor to excellent).

Regardless of the amount of time you’ve been in business, your annual revenue, and your FICO score, SmallBusinessLoans has solutions for you through our extensive network of trusted partners. Click here to see your matches now.