Quick answer: HVAC and plumbing contractors most often use equipment financing for service vans and tools, a line of credit to cover materials and payroll during slow seasons or large jobs, and a term loan to hire technicians or expand into new areas. Established contractors with steady deposits can often be funded the same day by a non-bank lender.
Why HVAC and plumbing businesses need financing
Home service companies are busiest in summer and winter and slower in between. Equipment and parts costs are high, commercial customers may pay on 30- to 60-day terms, and growth means buying vans and hiring technicians before the new work pays off.
Common uses for HVAC and plumbing financing
- Service vans and truck upfitting
- Tools, diagnostic and drain-cleaning equipment
- Materials and equipment for large installs
- Hiring and training technicians
- Marketing and lead generation
- Covering slow-season payroll
Financing options for HVAC and plumbing businesses compared
| Option | Best for | Speed |
|---|---|---|
| Equipment financing | Service vans and tools | A few days |
| Line of credit | Materials, payroll, seasonal slowdowns | 1–3 days |
| Term loan | Hiring, marketing, expansion | Same day to 2 days |
| SBA loan | Buying a company or property | Several weeks |
What lenders look at for HVAC and plumbing businesses
Lenders look at your monthly deposits across seasons, commercial receivables, existing vehicle and equipment payments, and time in business.
What you need to qualify with Brookestone Funding
- 2+ years in business
- $30,000+ in monthly revenue
- 600+ credit score
- Recent business bank statements
Qualified HVAC and plumbing businesses can borrow $10,000 to $2,000,000 with terms up to 36 months and rates starting at 8%. Complete applications submitted early in the day can be funded the same day.
Tips before you apply
- Apply before your busy season so you can stock up and hire.
- Have bank statements that cover both busy and slow months.
- List current vehicle and equipment loans.
- Compare offers on the total amount you’ll repay, not just the rate, and size the payment to your slowest month.
Related Guides
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- Same-Day Business Loans: How They Work and How to Get Funded Today
- Can You Get a Business Loan With a 600 Credit Score? Yes — Here’s How
- Business Loan Documents Checklist: What You Need to Apply
Frequently Asked Questions
Can a HVAC or plumbing business get a business loan with a 600 credit score?
Yes. Brookestone Funding works with HVAC and plumbing businesses that have a 600+ credit score, 2+ years in business and $30,000+ in monthly revenue.
How fast can a HVAC or plumbing business get funded?
Qualified HVAC and plumbing businesses can often be funded the same day with a business term loan, or within 1–3 days with a line of credit, once the application and recent bank statements are complete.
What is the best loan for an HVAC company?
Equipment financing is best for vans and tools, a line of credit for materials and seasonal payroll, and a term loan for hiring and expansion.
Can a plumbing company get a loan for a new service van?
Yes. Equipment financing or a term loan can cover the van plus upfitting and tools.
Ready to see what your HVAC or plumbing business qualifies for? Brookestone Funding offers business term loans, lines of credit and SBA loans from $10,000 to $2,000,000, with same-day funding available for qualified businesses. Apply in minutes, see our business loan options, or call 212-258-0602.
