SBA loan data
SBA loans for plumbing and HVAC contractors: FY2020–FY2025 data
Plumbing and HVAC Contractors (NAICS 238220, "Plumbing, Heating, and Air-Conditioning Contractors") ranked #7 among six-digit industries by number of SBA 7(a) and 504 loans approved nationwide in FY2020–FY2025. Below: volume by year, loan sizes, where the loans went, and the lenders and CDCs that made the most of them.
Data as of (SBA 7(a) & 504 FOIA release). Headline figures cover fiscal years 2020 through 2025 (October 1, 2019 to September 30, 2025). Methodology and sources.
Headline numbers, FY2020–FY2025
5,824 SBA 7(a) and 504 loans totaling $2.77 billion were approved for plumbing and HVAC contractors in FY2020–FY2025 (5,225 7(a) and 599 504), excluding loans later cancelled.
- 5,824SBA loans approved (7(a) + 504)
- $2.77 billionTotal approved amount
- $150,000Median 7(a) loan (5,225 loans)
- $493,000Median 504 amount (599 loans)
- 56,859Jobs supported, as reported on the loans
- 4.5%Loans to franchise businesses
What this means for a borrower
- Half of the 7(a) loans approved for plumbing and HVAC contractors were between $50,000 and $454,100, and the median was $150,000, 24% below the all-industry median of $198,300. A request well above $454,100 would be larger than three in four 7(a) loans recorded here.
- 43.1% of 7(a) loans here were under $150,000 (all-industry: 40.6%).
- 504 loans were 10.3% of the loans counted here (all-industry: 11.7%), with a median 504 amount of $493,000.
- 537 lenders (counted by name as recorded in the data) approved at least one 7(a) loan here. The 10 most active by count made 47.7% of 7(a) loans, so 7(a) lending here is moderately concentrated.
- 7(a) approvals went from 618 in FY2020 to 1,194 in FY2025, up 93%.
These are counts of approved loans. The data does not show applications that were declined or withdrawn, so it says nothing about approval odds, and past volume is not a forecast for any individual request.
Loans by fiscal year
| Fiscal year | 7(a) loans | 7(a) amount | 504 loans | 504 amount |
|---|---|---|---|---|
| FY2020 | 618 | $257.5 million | 97 | $63.3 million |
| FY2021 | 621 | $358.3 million | 106 | $65.5 million |
| FY2022 | 654 | $321.1 million | 93 | $73.9 million |
| FY2023 | 921 | $362.1 million | 95 | $65.6 million |
| FY2024 | 1,217 | $477.6 million | 91 | $70.4 million |
| FY2025 | 1,194 | $561.4 million | 117 | $95.2 million |
| FY2026 (to 06/30, partial) | 700 | $301.6 million | 65 | $44.9 million |
FY2026 covers only part of the year and is not included in any other figure on this page. Recent years can still change as loans are cancelled after approval.
Loan sizes
| Measure | 7(a) | 504 |
|---|---|---|
| Loans | 5,225 | 599 |
| 25th percentile | $50,000 | $301,500 |
| Median | $150,000 | $493,000 |
| 75th percentile | $454,100 | $870,500 |
| Average | $447,486 | $724,222 |
| Loan amount | 7(a) loans | 7(a) share | 504 loans | 504 share |
|---|---|---|---|---|
| Under $150,000 | 2,253 | 43.1% | 33 | 5.5% |
| $150,000 to $349,999 | 1,278 | 24.5% | 164 | 27.4% |
| $350,000 to $999,999 | 1,059 | 20.3% | 290 | 48.4% |
| $1 million to $1,999,999 | 384 | 7.3% | 79 | 13.2% |
| $2 million to $4,999,999 | 234 | 4.5% | 31 | 5.2% |
| $5 million or more | 17 | 0.3% | fewer than 10 | fewer than 10 |
504 amounts are the CDC portion recorded in SBA's data (the "GrossApproval" field); the separate first-lien lender loan in a 504 project is not included, so 504 and 7(a) amounts are not directly comparable.
Most active lenders and CDCs
Ranked by number of loans approved for Plumbing and HVAC Contractors (NAICS 238220) in FY2020–FY2025, then by amount. Names are shown exactly as recorded in SBA's data; the same institution can appear under more than one name, and we do not merge them. Lenders or CDCs with fewer than 10 loans here are not listed. This is a count of past activity, not a ranking of quality or a recommendation.
| # | Lender (as recorded) | Loans | Amount |
|---|---|---|---|
| 1 | The Huntington National Bank | 628 | $150.5 million |
| 2 | U.S. Bank, National Association | 379 | $59.5 million |
| 3 | TD Bank, National Association | 306 | $41.0 million |
| 4 | Live Oak Banking Company | 295 | $275.5 million |
| 5 | JPMorgan Chase Bank, National Association | 204 | $50.3 million |
| 6 | BayFirst National Bank | 164 | $32.6 million |
| 7 | Wells Fargo Bank National Association | 151 | $50.8 million |
| 8 | Manufacturers and Traders Trust Company | 149 | $28.5 million |
| 9 | United Midwest Savings Bank National Association | 119 | $32.8 million |
| 10 | Northeast Bank | 99 | $19.3 million |
| # | CDC (as recorded) | Loans | Amount |
|---|---|---|---|
| 1 | Mortgage Capital Development Corporation | 53 | $65.8 million |
| 2 | Business Finance Capital | 34 | $24.5 million |
| 3 | Mountain West Small Business Finance | 30 | $24.0 million |
| 4 | Florida Business Development Corporation | 29 | $14.2 million |
| 5 | California Statewide Certified Development Corporation | 26 | $20.1 million |
| 6 | Empire State Certified Development Corporation | 24 | $23.2 million |
| 7 | Florida First Capital Finance Corporation, Inc. | 23 | $9.79 million |
| 8 | Granite State Economic Development Corporation | 22 | $7.24 million |
| 9 | CDC Small Business Finance Corp. | 21 | $25.8 million |
| 10 | Small Business Growth Corporation | 16 | $8.58 million |
537 lender names appear on at least one 7(a) loan for Plumbing and HVAC Contractors (NAICS 238220), and 103 CDC names on at least one 504 loan.
7(a) loans by processing method
| Processing method (as recorded) | Loans | Share of 7(a) |
|---|---|---|
| SBA Express Program | 2,602 | 49.8% |
| Preferred Lenders Program | 2,385 | 45.6% |
| 7a General | 197 | 3.8% |
| Working Capital CAPLine | 16 | 0.3% |
| Community Advantage Initiative | 13 | 0.2% |
Where the loans went
| State | Loans | Share | Amount |
|---|---|---|---|
| California | 691 | 11.9% | $414.9 million |
| Florida | 518 | 8.9% | $283.5 million |
| Texas | 380 | 6.5% | $203.8 million |
| Ohio | 333 | 5.7% | $94.1 million |
| New York | 330 | 5.7% | $129.8 million |
| Pennsylvania | 240 | 4.1% | $112.1 million |
| Michigan | 233 | 4.0% | $80.2 million |
| Massachusetts | 201 | 3.5% | $57.2 million |
| Illinois | 192 | 3.3% | $75.9 million |
| Colorado | 181 | 3.1% | $114.0 million |
Share of all loans for this industry nationwide. The industry is the NAICS code recorded on each loan, as reported in SBA's data.
Other industries
- All Other Specialty Trade Contractors
- Beauty Salons
- Child Care Services
- Chiropractor Offices
- Dental Offices
- Electrical Contractors
- Fitness and Recreational Sports Centers
- Full-Service Restaurants
- General Automotive Repair
- Home Health Care Services
- Hotels and Motels
- Insurance Agencies and Brokerages
- Landscaping Services
- Law Offices
- Limited-Service Restaurants
- Local General Freight Trucking
- Long-Distance Truckload Trucking
- Other Personal Care Services
- Other Personal Services
- Other Professional and Technical Services
- Pet Care Services
- Physician Offices
- Residential Remodelers
- Snack and Nonalcoholic Beverage Bars
Questions this data answers
How many SBA loans were approved for plumbing and HVAC contractors from FY2020 to FY2025?
5,824 SBA 7(a) and 504 loans totaling $2.77 billion: 5,225 7(a) loans and 599 504 loans, according to SBA FOIA data as of June 30, 2026. Loans later cancelled are excluded.
What is the median SBA 7(a) loan size for plumbing and HVAC contractors?
$150,000 for loans approved in FY2020–FY2025. Half of the 7(a) loans were between $50,000 and $454,100; the average was $447,486, pulled up by a smaller number of large loans.
What is the typical SBA 504 loan amount for plumbing and HVAC contractors?
The median 504 amount was $493,000 across 599 loans. This is the CDC portion recorded in SBA's data; the separate first-lien lender loan in a 504 project is not included.
Which states had the most SBA loans for plumbing and HVAC contractors?
By loan count in FY2020–FY2025: California (691 loans, 11.9%), Florida (518 loans, 8.9%), Texas (380 loans, 6.5%).
Related guides
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The numbers above describe loans that were approved. They do not say what any lender would do with your request. Tell us what you are trying to finance and we will help you see how it lines up. No documents needed to start, and we do not pull your credit.
Figures are compiled by Precise SBA from the U.S. Small Business Administration's public 7(a) and 504 FOIA loan-level data and are shown as recorded, including lender names. They describe past approvals only: they are not rates, approval odds, a ranking or an endorsement of any lender, and not a prediction for any loan. Precise SBA is not a lender and is not affiliated with the U.S. Small Business Administration. We never charge you. If a loan closes, the lender may pay us a referral fee, disclosed on SBA Form 159 (how we get paid).