SBA loans for hvac contractor businesses
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
Plumbing, Heating, and Air-Conditioning Contractors (NAICS 238220)
3,358loans approved
$175,000median loan
$63K–$450Kmiddle half of loans
$1.5Btotal approved
10%median initial rate
10 yrsmedian term
Borrowers reported 30,093 jobs created or retained.
6.5% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| California | 407 | $150,000 |
| Florida | 293 | $250,000 |
| Texas | 263 | $275,000 |
| New York | 204 | $166,500 |
| Ohio | 156 | $150,000 |
| Pennsylvania | 133 | $150,000 |
| New Jersey | 118 | $150,000 |
| Michigan | 113 | $110,000 |
| Colorado | 113 | $250,000 |
| Washington | 108 | $150,000 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 307 | $100,000 | $89.2M |
| U.S. Bank, National Association | 293 | $50,000 | $51.0M |
| TD Bank, National Association | 198 | $75,000 | $30.0M |
| Live Oak Banking Company | 195 | $350,000 | $162.7M |
| JPMorgan Chase Bank, National Association | 139 | $240,000 | $38.2M |
| Northeast Bank | 122 | $150,000 | $23.1M |
| Manufacturers and Traders Trust Company | 113 | $70,000 | $16.4M |
| United Midwest Savings Bank National Association | 112 | $275,000 | $35.8M |
| Newtek Bank, National Association | 95 | $300,000 | $30.6M |
| Bayfirst National Bank | 90 | $150,000 | $16.3M |
Planning one? Read how to start a hvac contractor business, plumbing contractor and model payments with the loan calculator. These businesses share the same SBA industry code, so the figures cover all of them.
What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.