Top SBA Lenders For Plumbing & HVAC Contractors

The plumbing, heating, and air-conditioning industry is one of the backbones of residential and commercial infrastructure. Contractors in this space are always in demand, and the right SBA loan can make all the difference when it comes to expanding your business, purchasing new equipment, or acquiring real estate. To help you make the best decision, we’ve compiled a list of the top SBA lenders for plumbing, heating, and air-conditioning contractors, along with detailed guidance on the best loan options available for various business needs.

Top SBA Lenders for Plumbing & HVAC Contractors

Bank	Total Amount Funded	Count
Live Oak Banking Company	$32,928,500	35
The Huntington National Bank	$24,578,200	119
First Internet Bank of Indiana	$24,066,500	18
Newtek Bank, National Association	$18,805,000	44
U.S. Bank, National Association	$16,225,200	80
BayFirst National Bank	$12,450,500	55
First Bank of the Lake	$11,113,200	9
JPMorgan Chase Bank, National Association	$10,662,600	49
TD Bank, National Association	$9,522,700	64
Readycap Lending, LLC	$7,671,200	27
Dogwood State Bank	$7,539,100	6
United Midwest Savings Bank, National Association	$7,506,000	27
Veritex Community Bank	$7,105,200	6
Wells Fargo Bank, National Association	$5,702,000	35
Midwest Regional Bank	$5,596,000	2
Harvest Small Business Finance, LLC	$5,090,700	4
VelocitySBA, LLC	$4,533,000	4
City National Bank	$4,288,000	3
Bank of America, National Association	$4,210,300	16
MidFirst Bank	$3,938,000	1
Banc of California	$3,917,900	1
Pathward National Association	$3,585,000	3
First National Bank of Pennsylvania	$3,553,400	5
Meridian Bank	$3,335,000	6
Byline Bank	$3,271,000	5
Sound CU	$3,200,000	3
OptimumBank	$3,167,000	1
First American Bank	$2,806,600	2
Peoples Bank	$2,803,500	1
Zions Bank, A Division of	$2,586,200	14
First-Citizens Bank & Trust Company	$2,574,000	2
Northeast Bank	$2,506,800	22
Enterprise Bank & Trust	$2,455,100	1
CIBC Bank USA	$2,395,500	4
First National Bank of Omaha	$2,366,500	1
Stellar Bank	$2,364,000	1
HomeTrust Bank	$2,188,000	1

Best SBA Lenders for Plumbing & HVAC Working Capital

For plumbing, heating, and air-conditioning contractors who need working capital, SBA loans provide the flexibility to cover expenses like payroll, inventory, and unexpected costs. Among the top lenders, Live Oak Banking Company and The Huntington National Bank stand out for providing a substantial number of loans to contractors, making them ideal choices for working capital needs.

SBA 7(a) loans are particularly popular for working capital since they offer a balance of flexibility, higher loan limits, and relatively easy qualification criteria. Contractors can borrow up to $5 million, and the funds can be used for virtually any operational need, making this an excellent solution for plumbing and HVAC businesses looking to scale.

Best SBA Lenders for Plumbing & HVAC Real Estate

If you’re planning to acquire real estate for your plumbing or HVAC business, the First Internet Bank of Indiana and JPMorgan Chase Bank are two of the top SBA lenders to consider. These banks have funded a significant number of SBA loans that are specifically used for real estate purposes.

The SBA 504 loan program is also a fantastic option for real estate purchases. With low, fixed interest rates and terms up to 25 years, these loans are ideal for contractors looking to invest in new properties or expand their facilities. BayFirst National Bank and TD Bank have also proven themselves as reliable SBA lenders for real estate acquisitions.

Best SBA Lenders for Plumbing & HVAC Business Acquisition

For contractors looking to acquire an existing plumbing, heating, or air-conditioning business, Newtek Bank and U.S. Bank are among the best SBA lenders to work with. These lenders have extensive experience with business acquisition loans and can help you navigate the complexities of purchasing an established business.

SBA 7(a) loans are the best fit for business acquisitions, providing funding up to $5 million with flexible terms. This type of loan can be used to buy out an existing business, including its assets, client base, and ongoing contracts. Readycap Lending, LLC is another great option for SBA business acquisition loans, particularly for those looking for a smooth and expedited approval process.

How to Get an SBA Loan for Plumbing & HVAC Contractors

Applying for an SBA loan can be challenging, but the process is made easier by choosing the right lender. Start by assessing your financial needs: whether it’s working capital, real estate, or business acquisition, make sure to align yourself with a lender who has a track record in providing SBA loans to contractors in your industry.

• Assess Your Needs: Determine whether you need funding for working capital, real estate, or an acquisition.
• Choose the Right Lender: Review the table of top lenders and select one that aligns with your funding goals.
• Prepare Documentation: Be ready with your business plan, financial statements, and credit history.
• Submit Application: Work closely with your chosen lender to ensure all requirements are met for a successful application.

Why Choose GoSBA Loans?

GoSBA Loans helps connect plumbing, heating, and air-conditioning contractors with SBA-approved lenders. Our network includes lenders that are highly experienced with SBA loans and understand the unique needs of HVAC and plumbing businesses. Whether you’re looking for working capital, real estate funding, or acquiring another business, GoSBA Loans can guide you every step of the way.

Ready to Get Started?

Reach out to GoSBA Loans today and let us help you secure the best SBA loan for your plumbing or HVAC business. Visit gosbaloans.com or call 1-855-381-6448 to speak with a specialist.

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Find the best SBA lenders for plumbing, heating, and air-conditioning contractors. Learn about top lenders for working capital, real estate, and business acquisition loans for plumbing and HVAC businesses. Secure financing with GoSBA Loans today.