equipment financing for hvac & mechanical contractors
Equipment Financing for HVAC & Mechanical Contractors businesses. Built for hvac & mechanical contractors cash flow.
Finance the trucks, machines, refrigeration, diagnostic gear, or production equipment your business runs on. The equipment itself serves as collateral, which unlocks longer terms and lower rates than unsecured working capital.
- Max funding
- $1M
- Term
- 2–7 years
- Time to fund
- 24 hours
- Min FICO
- 500+
The short answer
Is Equipment the right fit for HVAC & Mechanical Contractors businesses?
Finance service trucks, diagnostic equipment, and commercial refrigeration tools with the equipment as collateral.
Last updated 2026-06-24
Why this fit
Common cash-flow gaps in hvac & mechanical contractors. Equipment Financing maps to the ones below.
These are the underwriting realities and operational pressures we see most often in this industry.
Pre-Season Inventory
Heating units bought in October, cooling units in April, all paid for before the first install. Working capital before the season funds the inventory that drives your year.
Emergency Parts Float
When a compressor fails in July, the homeowner is paying cash, but the wholesaler wants same-day payment on the replacement unit. A line of credit closes that gap instantly.
Expanding the Fleet
Adding a second service truck doubles your route capacity. Equipment financing on a new van + tools closes in 48 hours, not 45 days.
Representative scenario
What a typical hvac & mechanical contractors equipment financing looks like. Numbers below are illustrative.
Your actual offer depends on your bank statement history, time in business, credit profile, and existing debt.
Rates vary by applicant. Representative example only.
Seasonality
When in the year hvac & mechanical contractors businesses tend to need this capital. Time the draw, not just the deal.
Pre-cooling season (Feb–Apr)
Stock condenser units, compressors, and refrigerant before the first 90-degree day. This is the #1 reason HVAC contractors borrow, and the window where revenue-based funding is cheapest.
Cooling peak (May–Aug)
50–60% of annual residential revenue lands in these four months. Same-day parts runs and overtime payroll can strain even a healthy line of credit.
Pre-heating season (Sep–Oct)
Furnaces and boilers get stocked for the first cold snap. Smaller inventory push than cooling but critical for commercial contracts.
Winter slowdown (Dec–Jan)
Service-only months. Revolving credit covers payroll until spring demand resumes.
Qualification
What we look for in hvac & mechanical contractors files. Underwriting, in plain language.
- Minimum 6 months operating as a licensed HVAC/mechanical contractor
- $15,000+ monthly revenue
- 500+ personal credit score
- Valid state mechanical/contractor license
Other ICG products for hvac & mechanical contractors
Not the right fit? Here is what else works in your industry.
Common questions
Equipment Financing for hvac & mechanical contractors. Honest answers, no fine print games.
QDo you fund residential-only contractors?
Yes. Residential HVAC contractors with 6+ months of operating history and consistent homeowner deposits are ideal candidates.
QCan funding be used for EPA 608 certification costs?
Working capital can be used for business-purpose expenses including training, licensing, and equipment certification costs.
QWill a seasonal revenue dip hurt my approval?
No. We look at 3–6 months trailing revenue and smooth across seasonal patterns. A strong peak season offsets a slower shoulder quarter.
QDo I have to buy the equipment from a specific dealer?
No. ICG finances equipment from any reputable dealer, auction, or private seller with a documented invoice or appraisal. New and used equipment both qualify.
QIs a down payment required?
Typically 0–20% down, depending on the equipment type, age, and your credit profile. Many applicants qualify for $0-down financing on new equipment.
QCan I finance used equipment?
Yes. Used equipment under 10 years old with documented hours or mileage is routinely approved. An appraisal may be required for specialty items.
Equipment Financing for other industries
Where else this works. One product, many verticals.
Ready when you are
Ready to fund your hvac & mechanical contractors business? 24 hours to fund.
Quick application. Soft credit pull only. Real human review.