When you’ve been around the HVAC industry, you come to see that technology, efficiency, and environmentalism are three of the leading trends in the industry today. In order to excel in these areas, it takes investment in your HVAC business - your employees, your equipment, your marketing, and your structure. Improving the quality of all of these aspects of your business are important for any industry and any business, but it’s especially critical for HVAC companies. With a small business loan from Pay Less Business Funding, we can help provide the capital needed to invest in your business to do high quality work at bigger jobs with high quality clients.

An HVAC business generally uses SBA loans or cash advances for financing their improvements. These improvements might include additional marketing dollars to bring in more clients, certifications and training to improve the quality of their staff, hiring, or credibility, or covering up-front costs or employee payroll. At Pay Less Business Funding, we help business owners understand which type of business loan is most appropriate for your HVAC business, your goals and needs, and your financial situation. For more information on which type of loan is best for you and your business, take a look at our provided Services or contact us for more information or to speak with a Pay Less Business Funding representative.

SBA loans are ideal for small businesses because they are backed by the Small Business Administration. It can be difficult for HVAC businesses to obtain traditional bank financing due to their strict requirements, so an SBA loan might be the perfect fit for you. With an SBA loan, the Small Business Administration agrees to cover a majority of the lender’s losses if your plumbing business defaults on the loan, effectively protecting both sides of the agreement and providing a sense of security with an infusion of capital.

Merchant cash advances are not actual loans - instead, the capital is exchanged for future receivables such as deposits, credit card processing, or similar revenue factors. Though this is not a typical loan, it helps your HVAC business obtain a cash infusion quickly, with approval time as little as 2-24 hours and funding at your disposal within 2-5 business days. If your HVAC business suffers from poor credit history and you cannot secure a loan from a traditional bank, a cash advance is a great opportunity as this financing avenue is driven by cash flow.

Our work with other construction-based companies and our connections within the industry allow us to help businesses that have been denied by banks in the past to acquire SBA loans, cash advances, or lines of credit to grow their HVAC business. Contact a Pay Less Business Funding representative today to see how we can assist you in your growth goals.