Plumbing, Heating, and Air-Conditioning Contractors acquisitions in New York: SBA loan data
Since FY2018, SBA lenders have approved 19 7(a) loans to buy an existing business classified as Plumbing, Heating, and Air-Conditioning Contractors in New York, totaling $20.3M. The median loan was $500,000. That is 1.2% of the 1,530 acquisition loans in New York.
- Loans, FY2018-FY2026
- 19
- Median loan
- $500,000 (middle half $287,500 to $1,562,500)
- Top lender
- Manufacturers and Traders Trust Company (26%, 5 loans)
- FY2026 loans (latest complete year)
- 5
SBA lenders approved 19 7(a) loans to buy a business classified as Plumbing, Heating, and Air-Conditioning Contractors in New York from FY2018-FY2026, with a median of $500,000 and a middle half of $287,500 to $1,562,500. Manufacturers and Traders Trust Company made 26% of them. FY2026 had 5 loans.
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How Plumbing, Heating, and Air-Conditioning Contractors in New York compares
| Measure | Plumbing, Heating, and... | New York, all industries | Plumbing, Heating, and..., nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $500,000 | $577,500 | $734,000 | $645,250 |
| Middle half of loans | $287,500 to $1,562,500 | $220,000 to $1,356,000 | $293,300 to $1,545,000 | $283,000 to $1,465,000 |
| Average initial rate | 8.00% | 7.83% | 8.01% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | n/a | 2.7% | 2.5% | 3.5% |
| Loans in sample | 19 | 1,530 | 921 | 48,902 |
The median for Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in New York is $500,000, slightly below the $577,500 median for all New York acquisitions, below the $734,000 median for Plumbing, Heating, and Air-Conditioning Contractors acquisitions nationwide and below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $287,500 to $1,562,500, 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 8.00%, above the 7.76% national average.
Too few of these loans are old enough to measure a charge-off rate; the national rate for seasoned acquisition loans is 3.5%.
Loan size distribution
| Loan size | Plumbing, Heating, and... | All acquisitions |
|---|---|---|
| Under $350K | 32% | 30% |
| $350K to under $1M | 26% | 33% |
| $1M to under $2M | 21% | 19% |
| $2M and over | 21% | 17% |
Most Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in New York (58%) were under $1M, and the largest single band is Under $350K at 32%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Manufacturers and Traders Trust Company made 26% of Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in New York, and the top three lenders together made 74%. 3 of the 8 lenders involved made three or more. Only 3 lenders have repeat experience here. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 9 Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in New York were approved. Fewer than 10 loans were approved in FY2023 and FY2024, so no change is computed. The median was $1,375,000, well above the $500,000 median across all years.
Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in New York by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $150K | $150,000 | |
| FY2019 | 1 | $150K | $150,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 3 | $4.6M | $500,000 | |
| FY2022 | 3 | $1.6M | $275,000 | |
| FY2023 | 1 | $1M | $1,000,000 | |
| FY2024 | 1 | $420K | $420,000 | |
| FY2025 | 4 | $2.4M | $488,000 | |
| FY2026 | 5 | $10M | $2,253,000 |
How often do these acquisition loans fail?
Fewer than 20 Plumbing, Heating, and Air-Conditioning Contractors in New York acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 5 | 26.3% | $8.1M | |
| 2 | Live Oak Banking Company | 5 | 26.3% | $3.1M | |
| 3 | The Huntington National Bank | 4 | 21.1% | $3.5M | |
| 4 | Celtic Bank Corporation | 1 | 5.3% | $3M | |
| 5 | Truliant FCU | 1 | 5.3% | $1.8M |
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 New York run?
The median SBA 7(a) loan was $500,000 across 19 loans (FY2018 to FY2026). 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 New York?
Manufacturers and Traders Trust Company (5), Live Oak Banking Company (5), The Huntington National Bank (4), Celtic Bank Corporation (1), Truliant FCU (1).
How often do Plumbing, Heating, and Air-Conditioning Contractors acquisition loans fail in New York?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Plumbing, Heating, and Air-Conditioning Contractors acquisitions in New York?
None of the 19 loans in this combination were recorded with a franchise brand.
How much do you need down for an SBA loan to buy a Plumbing, Heating, and Air-Conditioning Contractors business in New York?
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 New York was $500,000, and the middle half ran $287,500 to $1,562,500.
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 9 Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in New York in FY2025 and FY2026.
Which banks make SBA loans for a Plumbing, Heating, and Air-Conditioning Contractors business in New York?
By loan count, FY2018 to FY2026: Manufacturers and Traders Trust Company (5), Live Oak Banking Company (5), The Huntington National Bank (4), Celtic Bank Corporation (1), Truliant FCU (1). Manufacturers and Traders Trust Company made 26% of Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in New York. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
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Small samples move a lot: each loan in this combination is 5% 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 New York: SBA acquisition loan data", https://sbaacquisitiondata.com/state/ny/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/ny/plumbing-heating-and-air-conditioning-contractors-238220.json.