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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 |
An SBA 7(a) lender for loans this size
73% of the SBA loans approved in plumbing, heating, and air-conditioning contractors since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K24%
- $50K - $150K26%
- $150K - $350K23%
- $350K - $1M18%
- $1M - $2M6%
- Over $2M3%
Franchise brands in Plumbing, Heating, and Air-Conditioning Contractors
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Aire Serv | 118 | $29.4M | |
| Benjamin Franklin Plumbing | 58 | $22.0M | |
| Mr. Rooter Plumbing | 47 | $18.2M | |
| TemperaturePro | 37 | $9.3M | |
| One Hour Air Conditioning & Heating | 34 | $11.3M | |
| 1-800-plumber + Air | 28 | $5.8M | |
| Mr. Rooter | 25 | $7.2M | |
| Zoom Drain | 20 | $6.2M | |
| 1-Tom-Plumber | 18 | $5.4M | |
| Roto-Rooter | 16 | $8.0M |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other construction industries
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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