Southwick Loans in Statesville, NC helps Iredell County plumbing, heating and air-conditioning contractors request equipment financing, lines of credit and inventory financing from funding partners. County Business Patterns counted 72 plumbing and HVAC employers in the county in 2023. This page covers service vans, parts stock, system installations, maintenance-agreement revenue and what partners review.
| Plumbing, heating and AC employers, Iredell County, NC | 72 (CBP 2023, NAICS 238220) |
|---|---|
| Employees at those firms | 431 (CBP 2023) |
| Average firm size | About 6 employees (our arithmetic, CBP 2023) |
| Portion with fewer than five on payroll | 59.7% (CBP 2023) |
| Employers listed in ZIP 28677 | 6 (ZBP 2023) |
| Firms without employees | 112 (NES 2024) |
Service, installation and the money in between
Service calls can be paid soon after the work: a water heater or a failed compressor is fixed and the invoice may be settled within days. Installations can take longer to pay: a full HVAC system replacement or a plumbing rough-in on new construction ties up equipment, parts and a crew before the customer or the general contractor pays. Maintenance agreements add a third stream, small recurring payments.
The parts room is the other big commitment. Fittings, valves, water heaters, condensers, coils and refrigerant may need to be on hand, because a customer without heat or water may not want to wait for an order.
Business loans for HVAC companies and contractors
HVAC business financing usually means three things. Equipment financing for service vans, recovery machines and lifts. A line of credit for the gap between buying a system and being paid for installing it. And inventory financing when a supplier offers better terms on a large pre-season equipment order. Business loans for HVAC contractors working on new construction add draw timing to the picture, the same way it affects other trades.
The working capital side is covered in more depth in the post on HVAC company working capital.
Business loans for plumbers and plumbing businesses
Plumbing contractor business loans follow similar lines, with a different equipment list: jetters, camera inspection systems, trenchers, pipe threaders and vans fitted with shelving. Plumbers doing new construction carry rough-in and top-out phases before draws pay; service plumbers carry stock and van costs. Business loans for a plumbing business are reviewed on the same records either way.
Matching plumbing and HVAC needs to structures
| Need | Structure |
|---|---|
| Service vans, jetters, camera systems, recovery machines | Equipment financing |
| System installs paid after completion | Line of credit |
| Pre-season equipment or bulk parts order | Inventory financing |
| Payroll while new-construction draws are pending | Working capital |
An illustrative system replacement, with invented figures
Made-up numbers. An HVAC contractor takes on three system replacements in one week for a property manager who pays net 30. Equipment for the three costs $27,000 and labor $6,000. The contractor pays the supplier on delivery and the crew weekly, so $33,000 is out for about a month before the invoice is paid. A line of credit drawn for that month and repaid on payment keeps the service side of the business funded in the meantime.
Plumbing and HVAC in Iredell County, NC by the numbers
County Business Patterns counted 72 plumbing, heating and air-conditioning contractor employers in Iredell County in 2023, with 431 employees, about 6 per firm by our arithmetic, and about $25.6 million in annual payroll. Most (59.7%) had fewer than five employees. Only 6 had a ZIP 28677 address.
Nonemployer Statistics counted 112 plumbing and HVAC firms without employees in 2024, a separate count. These trades sit inside the wider construction sector on the contractor page, alongside electrical contractors. County totals are on the Statesville, NC data page.
What partners review from plumbing and HVAC firms
- Bank statements showing service and installation deposits
- Maintenance agreement counts and billing, if you have them
- Vehicle and equipment quotes
- Supplier accounts and terms
- Contracts and draw terms for new-construction work
Recurring maintenance agreements are worth showing: they are recurring revenue that partners can see. No partner publishes fixed thresholds through us.
By Southwick Loans · Updated
