Comprehensive Financing Guide for HVAC Contractors
We provide several types of small business funding options to help meet a wide variety of capital needs for both established and new businesses in the HVAC Contractor space. This page will guide you to the best comprehensive way to get financing for HVAC contractors through Liberty Capital.
Feature | Business Loans | Equipment Leasing | Equipment Financing |
|
Ownership | 50% | 100% | 100% |
|
Initial Costs | $0 (orig fees) | Low to moderate | Varies |
|
Monthly Payments | Monthly, Daily, Weekly | Monthly | Monthly |
|
Credit Minimum: | 500 | 600 | 650 |
|
Fund Disbursements | Client | Vendor | Vendor |
|
New/Used Equipment | n/a | Yes | Yes |
|
Maximum Term | 24 months | 60 months | 60 months |
|
Time in Business | 3+ years | Startup OK | Startup Ok |
|
Interest Rates | Moderate | Low | Low |
|
Application Only | $150K | $250K | S250K |
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Funding Time | Same Day Funding | 1-3 days | 1- 5 days |
|
Benefits of Financing HVAC Equipment
- Conserve Cash Flow: Financing for contractors allows to spread out the cost of equipment over time, preserving cash for other operational needs.
- Tax Advantages: Depending on the financing option, there may be potential tax benefits, such as deducting lease payments as business expenses.
- Stay Competitive: Financing enables HVAC contractors to acquire the latest technology and equipment, helping them stay competitive in the market.
- Flexibility: Various financing options provide flexibility to choose terms that best fit the contractor’s financial situation.
- Build Credit: Successfully managing financed equipment can help improve the contractor’s credit profile, making it easier to secure future financing.
Financing through Liberty Capital
Liberty Capital offers a range of financing solutions for HVAC contractors, including equipment loans, leases, lines of credit, and more. Key benefits include:
- Simple Application Process: One online application for multiple financing options.
- Flexible Terms: Financing terms up to 5 years for new or used equipment.
- Startups Welcome: Options available for startups and established companies, even those with sub-prime credit.
- Low Down Payments: Minimal upfront costs for well-qualified clients.
- Payment Flexibility: Options for skip payments and no payments for the first 6 months.
By leveraging financing options through Liberty Capital, HVAC contractors can effectively manage their cash flow, upgrade their equipment, and expand their business without the burden of significant upfront costs.
When it comes to equipment financing, Liberty Capital Group, Inc. offers several advantages over traditional lenders:
Ø Corp-Only Availability: We cater exclusively to corporations, providing tailored financing solutions for businesses. Corp-only doesn’t apply to start ups. Corp-only doesn’t substitute for having bad credit. Corp-only doesn’t automatically apply because your company is corporation or LLC.
Ø Up to 120% Equipment Cost Coverage: Our financing options can cover not only the equipment cost but also associated soft costs.
Ø Flexible Funding Amounts: Access financing ranging from $250,000 with a simple one-page application to $5,000,000 with full financial statements.
Ø Quick Approval Process: Benefit from next day funding approval, ensuring minimal downtime for your operations.
Ø Approved Equipment Vendors: We work with approved equipment vendors, streamlining the acquisition process for our clients.
Ø Lowest Industry Rates: Enjoy competitive rates for qualified borrowers, reducing the overall cost of financing.
Ø Eligibility for New and Used Equipment Financing: Whether you’re purchasing new or used equipment leasing, we’ve got you covered.
Ø Minimal Impact on Personal Credit: Our equipment financing solutions do not appear on personal credit reports, preserving your personal credit history.
Ø No Early Payoff Penalties: Enjoy the flexibility of paying off your equipment financing or leasing early without incurring early payoff penalties.
Types of Equipment Used in HVAC Industry That Can Be Financed
Heating Equipment
- Furnaces
- Boilers
- Heat Pumps
Ventilation Equipment
- Air Handlers
- Ventilation Fans
- Exhaust Fans
Air Conditioning Equipment
- Central Air Conditioners
- Split System Air Conditioners
- Packaged Air Conditioners
Refrigeration Equipment
- Walk-in Coolers and Freezers
- Refrigerated Display Cases
- Ice Machines
Ductwork and Piping
- Sheet Metal Ducts
- Flexible Ducts
- Copper and PVC Piping
Control Systems
- Thermostats
- Smart HVAC Controls
- Building Management Systems (BMS)
Installation and Maintenance Tools
- Pipe Wrenches
- Manifold Gauges
- Vacuum Pumps
- Refrigerant Recovery Machines
- Leak Detectors
Specialty Equipment
- Duct Cleaning Machines
- Insulation Blowers
- Coil Cleaning Equipment
Safety Equipment
- Respirators
- Safety Glasses
- Gloves
Get alternative funding you need to keep going and growing
| Business Loans | Equipment Finance | Merchant Cash Advance |
|
|
|
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Underwriting Difficulty | Median | Median | Basic |
Pre-Credit Docs | Application, Tax Returns, Statements | Application, invoice, bank statements (optional) | Application, bank statements |
Credit Minimum | 650 | 600 | 500 |
Time in Business | 2 years | Start-up Ok! | 6 months |
Min Monthly Revenue | $50,000 | Pre-revenue OK! | $5,000 |
Needed To Fund | VC, DL, proof of ownership | Vendor invoice, VC, proof of ownership | VC, DL, proof of ownership |
Maximum Term | 5 Years | 5 Years | 24 Months |
Where can I apply?
1. ONLINE APPLICATION: You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
2. Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
3. Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Getting an alternative small business loan can be much easier than the bank’s difficult and time-consuming process. Banks are picky when it comes evaluating the creditworthiness of a business. Thankfully, there’s another way. Liberty Capital Group alternative options make helping small business owners access millions of dollars in small businesses loans a breeze.
Use the Capital as you see fit!
Upgrades
Upgrade Hardware/Software & Office Furniture
Inventory
Ramp up on Inventory or stock up on supplies
Renovate or Relocate
Renovate or relocate your business
Payroll
Payroll, Sales and Federal Tax Dues
Web
Revamp Company Website.
Debt
Pay Off existing Cash Advances
This is not a cash advance.
Wide Range of Terms
Monthly Term up to 10 years (2 – 10 yrs available)
Tax Deductable
Express Financing for Approvals Up to $75,000
Builds Credit
Builds business credit
Large Funding
Business Loans up to $500,000 per Location
Fast Funding
Funding in 5-7 business days
Large Approvals
Approval based on debt ratio and cash flow.
Financing Options For HVAC Contractors.
Here’s your top Financing Options for HVAC Contractors
- Equipment Loans
- Description: These loans are specifically for purchasing HVAC equipment.
- Benefits: Fixed interest rates, predictable monthly payments, ownership of the equipment once the loan is paid off.
- Terms: Typically 1-5 years.
- Equipment Leasing
- Description: Leasing allows contractors to use the equipment without purchasing it outright.
- Benefits: Lower upfront costs, potential tax advantages, the option to upgrade equipment at the end of the lease.
- Types: Operating leases, capital leases.
- Line of Credit
- Description: A flexible financing option where contractors can borrow as needed up to a pre-approved limit.
- Benefits: Only pay interest on the amount borrowed, reusable credit limit.
- Terms: Revolving credit.
Merchant Cash Advances
- Description: A lump sum payment in exchange for a percentage of future sales.
- Benefits: Quick access to funds, no fixed monthly payments.
- Terms: Repayment terms based on daily or weekly sales.
SBA Loans
- Description: Small Business Administration loans offer favorable terms and lower interest rates.
- Benefits: Longer repayment terms, low interest rates loans.
- Types: SBA 7(a) loans, SBA 504 loans.
- Working Capital Loans
- Description: Loans designed to cover day-to-day operational expenses.
- Benefits: Helps maintain cash flow, quick approval process.
- Terms: Short-term loans, typically up to 2 years.
We make it easy to grow your business
No Application Fee
No Switching Processor
No Additional Collateral Required
No Prepayment penalty
Up to $1 million in as little as 24 hours
Our small business financing experts are available to guide you through the funding Process.
Instant Quote Online
Use our instant online quote calculator to get an accurate no obligation quote.
Apply Online
Complete our quick online application. Application takes 5 mins.
Review Your Options
We will contact you to review your options.
Get Funds
Money will be deposited in your account in as little as 24 hours.
Are you an Equipment Vendor?
Are you an Equipment Vendor to HVAC Contractors?
If you sell new or used trucks, trailers or machinery to HVAC industry, we’d love to partner with you to offer highest approval rate for your clients. Our goal is to get them approved no matter what their credit profile might be. Working with Liberty Capital will give you a wider credit window so you can stop shopping for your clients. We do soft-inquiry for each applicant.
1. Check out how you can grow your vendor business using our financing options. View our credit guidelines here.
2. Download our equipment vendor package here.
All we need from your clients is a simple application.
1. ONLINE APPLICATION: You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
2. Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
3. Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
