Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Florida: SBA loan data
Since FY2018, SBA lenders have approved 102 7(a) loans to buy an existing business classified as Plumbing, Heating, and Air-Conditioning Contractors in Florida, totaling $122M. The median loan was $831,400. That is 2.8% of the 3,624 acquisition loans in Florida.
- Loans, FY2018-FY2026
- 102
- Median loan
- $831,400 (middle half $342,500 to $1,839,600)
- Top lender
- Live Oak Banking Company (28%, 29 loans)
- Charge-off, FY2018-FY2021 loans
- 0.0% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 7 (-53% vs FY2025)
SBA lenders approved 102 7(a) loans to buy a business classified as Plumbing, Heating, and Air-Conditioning Contractors in Florida from FY2018-FY2026, with a median of $831,400 and a middle half of $342,500 to $1,839,600. Live Oak Banking Company made 28% of them. FY2026 had 7 loans, down 53% from FY2025.
Seller note standby terms and third-party consents are reviewed before closing.
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How Plumbing, Heating, and Air-Conditioning Contractors in Florida compares
| Measure | Plumbing, Heating, and... | Florida, all industries | Plumbing, Heating, and..., nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $831,400 | $751,700 | $734,000 | $645,250 |
| Middle half of loans | $342,500 to $1,839,600 | $350,000 to $1,584,250 | $293,300 to $1,545,000 | $283,000 to $1,465,000 |
| Average initial rate | 7.76% | 8.14% | 8.01% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 5.7% | 2.5% | 3.5% |
| Loans in sample | 102 | 3,624 | 921 | 48,902 |
The median for Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Florida is $831,400, slightly above the $751,700 median for all Florida acquisitions, slightly above the $734,000 median for Plumbing, Heating, and Air-Conditioning Contractors acquisitions nationwide and above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $342,500 to $1,839,600, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 7.76%, in line with the 7.76% national average.
None of the seasoned loans were charged off, against 5.7% for all Florida acquisitions, 2.5% for Plumbing, Heating, and Air-Conditioning Contractors acquisitions nationwide and 3.5% for all acquisition loans.
Loan size distribution
| Loan size | Plumbing, Heating, and... | All acquisitions |
|---|---|---|
| Under $350K | 25% | 30% |
| $350K to under $1M | 35% | 33% |
| $1M to under $2M | 18% | 19% |
| $2M and over | 22% | 17% |
Most Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Florida (61%) were under $1M, and the largest single band is $350K to under $1M at 35%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Live Oak Banking Company made 28% of Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Florida, and the top three lenders together made 38%. 9 of the 43 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 22 Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Florida were approved. That is 22% more than the 18 approved in FY2023 and FY2024. The median was $1,919,500, well above the $831,400 median across all years.
Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Florida by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $4.7M | $713,500 | |
| FY2019 | 11 | $11.2M | $831,500 | |
| FY2020 | 15 | $16.5M | $913,400 | |
| FY2021 | 16 | $18M | $415,500 | |
| FY2022 | 14 | $15M | $574,250 | |
| FY2023 | 7 | $7.8M | $511,000 | |
| FY2024 | 11 | $9M | $792,000 | |
| FY2025 | 15 | $26.1M | $1,868,000 | |
| FY2026 | 7 | $13.8M | $1,971,000 |
How often do these acquisition loans fail?
Of the 48 Plumbing, Heating, and Air-Conditioning Contractors in Florida acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 28 have already been paid in full.
For comparison, Plumbing, Heating, and Air-Conditioning Contractors in Florida has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 29 | 28.4% | $35.4M | |
| 2 | The Huntington National Bank | 6 | 5.9% | $4.7M | |
| 3 | First Internet Bank of Indiana | 4 | 3.9% | $6.2M | |
| 4 | Customers Bank | 4 | 3.9% | $2.3M | |
| 5 | United Community Bank | 3 | 2.9% | $3.5M |
Top franchise brands
No franchise brands recorded in this combination.
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Florida run?
The median SBA 7(a) loan was $831,400 across 102 loans (FY2018 to FY2026), with the middle half between $342,500 and $1,839,600. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Florida?
Live Oak Banking Company (29), The Huntington National Bank (6), First Internet Bank of Indiana (4), Customers Bank (4), United Community Bank (3). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Plumbing, Heating, and Air-Conditioning Contractors acquisition loans fail in Florida?
Of 48 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% rate for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Florida?
1 of the 102 loans (1%) involved a franchise brand.
How much do you need down for an SBA loan to buy a Plumbing, Heating, and Air-Conditioning Contractors business in Florida?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Florida was $831,400, and the middle half ran $342,500 to $1,839,600.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 22 Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Florida in FY2025 and FY2026.
Which banks make SBA loans for a Plumbing, Heating, and Air-Conditioning Contractors business in Florida?
By loan count, FY2018 to FY2026: Live Oak Banking Company (29), The Huntington National Bank (6), First Internet Bank of Indiana (4), Customers Bank (4), United Community Bank (3). Live Oak Banking Company made 28% of Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Florida. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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Small samples move a lot: each loan in this combination is 1% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Plumbing, Heating, and Air-Conditioning Contractors in Florida: SBA acquisition loan data", https://sbaacquisitiondata.com/state/fl/plumbing-heating-and-air-conditioning-contractors-238220 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/fl/plumbing-heating-and-air-conditioning-contractors-238220.json.