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SBA Loans for an HVAC Company

SBA Loans for an HVAC Company

There are many options for SBA loans for HVAC companies. An SBA loan can be a great option if you are looking for financing for an HVAC company. Below we detail some of the opportunities an HVAC company has using an SBA loan. 

Peak Business Valuation, business appraiser, works with SBA lenders across the country. Many SBA loans require a third-party business appraiser to perform an SBA business valuation. As such, we frequently work with lenders who provide SBA loans to HVAC companies. We are happy to connect you with an SBA lender that fits your needs and commonly provides SBA financing to HVAC companies. Schedule your free consultation today!

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Common SBA Loans for HVAC Companies

HVAC companies commonly use an SBA loan for a number of different reasons. Below we describe a few of the common uses of SBA loans for HVAC companies. For questions, schedule a free consultation with Peak Business Valuation, business appraiser.

1. SBA Loans for Buying an HVAC Company

If you are interested in buying an HVAC company, using an SBA loan is one of the smartest options. SBA loans come with very competitive terms. One of the primary advantages of using an SBA loan to buy an HVAC company is because of the low down payment. Often SBA loans require as little as 10 percent down. This makes it very affordable to buy an HVAC company. In addition, SBA loans for an HVAC company have low interest rates and longer payment periods. 

2. Purchasing HVAC Equipment with an SBA Loan

One of the largest expenses for an HVAC company is equipment. Equipment can be very costly but worth the investment as it makes your HVAC operations more efficient and helps you stay ahead of the competition. An SBA 7(a) loan for HVAC equipment is a great way to obtain financing. SBA 7(a) equipment loans come with 10-year terms making them a great way to finance HVAC equipment. SBA Express loans and SBA 504 loans can also be used to purchase HVAC equipment and inventory. 

3. Expanding an HVAC Company with an SBA Loan

There are many opportunities for expanding an HVAC company using an SBA loan. SBA loans for commercial real estate can help you build a new headquarters or renovate your existing building. If you are looking to expand an HVAC business, an SBA 7a loan is there to help. In addition, an SBA loan for an HVAC company can help you obtain financing for a new location and new or more equipment. The SBA 504 loan may be the best option if you are looking to purchase commercial real estate for an HVAC company. 

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4. SBA Loans for HVAC Partnership Buyouts

Next, one of the common uses of SBA loans for an HVAC company is to buy out a partner. Getting financing for a partnership buyout can be complex as well as expensive. But an SBA 7a loan for an HVAC company can help you secure the needed funding to buy out a partner. 

5. Financing HVAC Working Capital

The SBA offers several options for small businesses to obtain financing to meet working capital needs. For instance, many SBA lenders offer an SBA line of credit with up to 7-year terms. Whether you need working capital to keep on top of bills and regular expenses or smooth business during slow seasons, an SBA loan for an HVAC company can be very useful. 

6. Refinancing Eligible HVAC Debt

Lastly, an SBA loan can be used to refinance eligible business debt. If your HVAC company has debt that is negatively impacting cash flow, it may be eligible for refinancing. Business debt with unreasonable terms can be refinanced but must be used for business purposes including equipment or commercial real estate.

Summary

There are many options and uses for SBA loans for HVAC companies. If you are in any of the above scenarios and are looking for SBA financing please reach out. Peak Business Valuation, business appraiser, is happy to help you connect with an SBA lender who lends SBA loans to HVAC companies. Schedule your free consultation today to get started! 

 

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