Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Texas: SBA loan data
Since FY2018, SBA lenders have approved 85 7(a) loans to buy an existing business classified as Plumbing, Heating, and Air-Conditioning Contractors in Texas, totaling $84.8M. The median loan was $790,000. That is 2.1% of the 4,080 acquisition loans in Texas.
- Loans, FY2018-FY2026
- 85
- Median loan
- $790,000 (middle half $347,500 to $1,305,100)
- Top lender
- Live Oak Banking Company (20%, 17 loans)
- Charge-off, FY2018-FY2021 loans
- 7.7% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 22 (+29% vs FY2025)
SBA lenders approved 85 7(a) loans to buy a business classified as Plumbing, Heating, and Air-Conditioning Contractors in Texas from FY2018-FY2026, with a median of $790,000 and a middle half of $347,500 to $1,305,100. Live Oak Banking Company made 20% of them. FY2026 had 22 loans, up 29% from FY2025.
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How Plumbing, Heating, and Air-Conditioning Contractors in Texas compares
| Measure | Plumbing, Heating, and... | Texas, all industries | Plumbing, Heating, and..., nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $790,000 | $870,000 | $734,000 | $645,250 |
| Middle half of loans | $347,500 to $1,305,100 | $384,025 to $1,883,250 | $293,300 to $1,545,000 | $283,000 to $1,465,000 |
| Average initial rate | 8.45% | 7.78% | 8.01% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 7.7% | 4.8% | 2.5% | 3.5% |
| Loans in sample | 85 | 4,080 | 921 | 48,902 |
The median for Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Texas is $790,000, slightly below the $870,000 median for all Texas 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 $347,500 to $1,305,100, 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 8.45%, above the 7.76% national average.
Seasoned loans were charged off at 7.7%, well above the 4.8% rate for all Texas acquisitions, well above the 2.5% rate for Plumbing, Heating, and Air-Conditioning Contractors acquisitions nationwide and well above the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | Plumbing, Heating, and... | All acquisitions |
|---|---|---|
| Under $350K | 26% | 30% |
| $350K to under $1M | 36% | 33% |
| $1M to under $2M | 27% | 19% |
| $2M and over | 11% | 17% |
Most Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Texas (62%) were under $1M, and the largest single band is $350K to under $1M at 36%, 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 20% of Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Texas, and the top three lenders together made 36%. 8 of the 36 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, 39 Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Texas were approved. That is 129% more than the 17 approved in FY2023 and FY2024. The median was $790,000, in line with the $790,000 median across all years.
Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Texas by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $5.5M | $2,771,000 | |
| FY2019 | 8 | $9.9M | $1,298,500 | |
| FY2020 | 3 | $1.6M | $482,200 | |
| FY2021 | 13 | $14.4M | $802,000 | |
| FY2022 | 3 | $3M | $475,000 | |
| FY2023 | 2 | $1.8M | $911,400 | |
| FY2024 | 15 | $13.1M | $643,000 | |
| FY2025 | 17 | $16.4M | $810,000 | |
| FY2026 | 22 | $19M | $779,500 |
How often do these acquisition loans fail?
Of the 26 Plumbing, Heating, and Air-Conditioning Contractors in Texas acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 7.7% by loan count and 10.3% by dollars. 8 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Plumbing, Heating, and Air-Conditioning Contractors in Texas is 118% higher than the acquisition-loan average. 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 | Live Oak Banking Company | 17 | 20.0% | $17.9M | |
| 2 | The Huntington National Bank | 8 | 9.4% | $4.1M | |
| 3 | First Internet Bank of Indiana | 6 | 7.1% | $6.3M | |
| 4 | Byline Bank | 4 | 4.7% | $4.7M | |
| 5 | Fifth Third Bank | 4 | 4.7% | $3M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Aire Serv | 3 | 3.5% | $1.1M |
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Questions buyers ask
How much do SBA loans for Plumbing, Heating, and Air-Conditioning Contractors acquisitions in Texas run?
The median SBA 7(a) loan was $790,000 across 85 loans (FY2018 to FY2026), with the middle half between $347,500 and $1,305,100. 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 Texas?
Live Oak Banking Company (17), The Huntington National Bank (8), First Internet Bank of Indiana (6), Byline Bank (4), Fifth Third Bank (4). 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 Texas?
7.7% of 26 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% 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 Texas?
4 of the 85 loans (5%) involved a franchise brand, most often Aire Serv (3).
How much do you need down for an SBA loan to buy a Plumbing, Heating, and Air-Conditioning Contractors business in Texas?
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 Texas was $790,000, and the middle half ran $347,500 to $1,305,100.
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 39 Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Texas in FY2025 and FY2026.
Which banks make SBA loans for a Plumbing, Heating, and Air-Conditioning Contractors business in Texas?
By loan count, FY2018 to FY2026: Live Oak Banking Company (17), The Huntington National Bank (8), First Internet Bank of Indiana (6), Byline Bank (4), Fifth Third Bank (4). Live Oak Banking Company made 20% of Plumbing, Heating, and Air-Conditioning Contractors acquisition loans in Texas. 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 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 Texas: SBA acquisition loan data", https://sbaacquisitiondata.com/state/tx/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/tx/plumbing-heating-and-air-conditioning-contractors-238220.json.