Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Pennsylvania: SBA loan data
Since FY2018, SBA lenders have approved 47 7(a) loans to buy an existing business classified as Plumbing, Heating, and Air-Conditioning Contractors in Pennsylvania, totaling $53.2M. The median loan was $625,000. That is 2.7% of the 1,765 acquisition loans in Pennsylvania.
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How Plumbing, Heating, and Air-Conditioning Contractors in Pennsylvania compares
| Measure | Plumbing, Heating, and... | Pennsylvania, all industries | Plumbing, Heating, and..., nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $625,000 | $535,000 | $734,000 | $645,250 |
| Middle half of loans | $263,000 to $1,750,000 | $229,000 to $1,282,000 | $293,300 to $1,545,000 | $283,000 to $1,465,000 |
| Average initial rate | 8.16% | 7.94% | 8.01% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | n/a | 2.1% | 2.5% | 3.5% |
| Loans in sample | 47 | 1,765 | 921 | 48,902 |
The median for Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Pennsylvania is $625,000, above the $535,000 median for all Pennsylvania acquisitions, slightly below the $734,000 median for Plumbing, Heating, and Air-Conditioning Contractors acquisitions nationwide and in line with the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $263,000 to $1,750,000, 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 8.16%, 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 | 34% | 30% |
| $350K to under $1M | 23% | 33% |
| $1M to under $2M | 21% | 19% |
| $2M and over | 21% | 17% |
Most Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Pennsylvania (57%) were under $1M, and the largest single band is Under $350K at 34%, 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 13% of Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Pennsylvania, and the top three lenders together made 32%. 6 of the 23 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, 11 Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Pennsylvania were approved. That is about the same as the 11 approved in FY2023 and FY2024. The median was $1,300,000, well above the $625,000 median across all years.
Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Pennsylvania by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 5 | $7.9M | $1,800,000 | |
| FY2020 | 6 | $6.9M | $335,000 | |
| FY2021 | 6 | $10.6M | $1,416,250 | |
| FY2022 | 8 | $11.2M | $974,000 | |
| FY2023 | 3 | $986K | $261,000 | |
| FY2024 | 8 | $3.7M | $252,500 | |
| FY2025 | 8 | $8.8M | $1,283,500 | |
| FY2026 | 3 | $3.1M | $1,300,000 |
How often do these acquisition loans fail?
Fewer than 20 Plumbing, Heating, and Air-Conditioning Contractors in Pennsylvania 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 | 6 | 12.8% | $7.7M | |
| 2 | The Huntington National Bank | 5 | 10.6% | $1.8M | |
| 3 | Live Oak Banking Company | 4 | 8.5% | $3.8M | |
| 4 | Northwest Bank | 4 | 8.5% | $2.6M | |
| 5 | Meridian Bank | 3 | 6.4% | $5.1M |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Pennsylvania run?
The median SBA 7(a) loan was $625,000 across 47 loans (FY2018 to FY2026), with the middle half between $263,000 and $1,750,000. 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 Pennsylvania?
Manufacturers and Traders Trust Company (6), The Huntington National Bank (5), Live Oak Banking Company (4), Northwest Bank (4), Meridian 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 Pennsylvania?
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 Pennsylvania?
1 of the 47 loans (2%) 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 Pennsylvania?
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 Pennsylvania was $625,000, and the middle half ran $263,000 to $1,750,000.
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 11 Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Pennsylvania in FY2025 and FY2026.
Which banks make SBA loans for a Plumbing, Heating, and Air-Conditioning Contractors business in Pennsylvania?
By loan count, FY2018 to FY2026: Manufacturers and Traders Trust Company (6), The Huntington National Bank (5), Live Oak Banking Company (4), Northwest Bank (4), Meridian Bank (3). Manufacturers and Traders Trust Company made 13% of Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Pennsylvania. 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 2% 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 Pennsylvania: SBA acquisition loan data", https://sbaacquisitiondata.com/state/pa/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/pa/plumbing-heating-and-air-conditioning-contractors-238220.json.