4 HVAC Financing Options to Heat Up Your Summer Business

Summertime is rush time for your HVAC business! Before you know it, you’ll be running all over town, handling all sorts of projects – from routine maintenance, like cleaning dirty filters and coils, to more urgent requests, like broken parts. Sometimes, you need to explore your HVAC financing options to really heat your business up. But what is HVAC financing, and how does financing work in HVAC businesses? HVAC financing describes the various ways that contractors access capital in the industry. From term loans and equipment financing to lines of credit and revenue-based options, there are many different structures to help you meet your goals. Don’t head into the summer without the tools and resources you need for your busiest season. Continue reading for everything you need to know about HVAC financing options and, more importantly, how to leverage them to cultivate sustainable growth in your business.

What Is HVAC Financing?

HVAC financing provides contractors with the funds needed to tackle challenges and afford growth opportunities. Whether it’s purchasing new equipment, buying upfront materials, or hiring new staff, HVAC financing is a powerful tool to grow and scale your business. There are options that provide a lump sum of money to manage over a set schedule, and there are more flexible options, like business lines of credit, that provide flexible access to capital on an as-needed basis. The “best” option will depend on your business, goals, and specific circumstances, although flexible financing is a great option for managing cash flow in the HVAC industry.