NAICS 238220 · Construction
SBA loans for plumbing, heating, and air-conditioning contractors
15,587 SBA loans worth $5.41B have been approved in this industry since FY2010 - the #11 most-financed NAICS code in the country.
Median loan
$141,000
-22% vs all industries
Typical range
$20K-$874K
Middle 80%
Median rate
7.35%
7(a) initial note rate
Median term
10 yr
Charge-off rate
6.7%
vs 7.6% all industries
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Most active in this industry
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 384 | $343.0M | |
| The Huntington National Bank | 1,423 | $268.1M | |
| Wells Fargo Bank | 708 | $245.3M | |
| U.S. Bank | 1,252 | $164.6M | |
| JPMorgan Chase Bank | 713 | $139.8M | |
| First Internet Bank of Indiana | 81 | $111.8M | |
| Mortgage Capital Development Corporation | 99 | $93.0M | |
| TD Bank | 771 | $86.7M | |
| Newtek Bank | 166 | $74.0M | |
| Byline Bank | 57 | $66.9M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 1,864 | |
| Florida | 1,083 | |
| Texas | 1,021 | |
| Ohio | 954 | |
| New York | 953 | |
| Massachusetts | 626 | |
| Pennsylvania | 561 | |
| Illinois | 535 |
Approvals by fiscal year
’10
’11
’12
’13
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K24%
- $50K - $150K26%
- $150K - $350K23%
- $350K - $1M18%
- $1M - $2M6%
- Over $2M3%
Nearby
Other construction industries
All Other Specialty Trade Contractors15,723 · $150,000Residential Remodelers15,599 · $50,000Electrical Contractors and Other Wiring Installation Contractors10,910 · $100,000Commercial and Institutional Building Construction6,348 · $150,000Site Preparation Contractors6,105 · $100,500New Single-Family Housing Construction5,855 · $75,000Painting and Wall Covering Contractors4,412 · $60,000Roofing Contractors3,918 · $150,000
Common questions
- How much do SBA lenders typically lend to a plumbing, heating, and air-conditioning contractors business?
- The median SBA approval in NAICS 238220 is $141,000, with the middle 80% of loans between $20,000 and $874,000. Across all industries the median is $180,000.
- Which lenders are most active in plumbing, heating, and air-conditioning contractors?
- By dollars approved: Live Oak Banking Company, The Huntington National Bank, Wells Fargo Bank, U.S. Bank, JPMorgan Chase Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
- Is plumbing, heating, and air-conditioning contractors considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 6.7% were charged off, versus 7.6% across all SBA lending. That is close to average.
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