Think getting a loan for your HVAC business is out of reach? You’re not alone—but you’re also likely misinformed. Common myths around small business financing can prevent HVAC owners from accessing the capital they need to grow. For example, you don’t need perfect credit to qualify. Lenders also consider your cash flow, business plan, and industry experience. Many believe SBA loans are impossible to secure, but with an experienced lender, they’re more accessible than you think. Another falsehood? That only brand-new businesses qualify. In fact, established HVAC companies often use loans to upgrade equipment or expand services. Worried about high rates? Not all loans come with sky-high interest—SBA loans and other options offer competitive terms, especially if your business has strong financials. And if you’re holding off because you think you need a big cash reserve, think again—many loans offer little to no money down. Lastly, waiting to save instead of investing now could actually slow your momentum. With the right financing and a solid growth plan, you can seize new opportunities and scale faster. Don’t let outdated myths keep you from taking your HVAC business to the next level.
source: https://businessmodificationgroup.com/debunking-myths-small-business-loans-for-hvac-acquisitions/
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