Funding for your situation
The real cost of adding a service van, what funders look at, and a worked example using illustrative figures.
✓ Checking what you qualify for does not affect your credit score.
For plumbing and HVAC companies, capacity usually comes one service van at a time. Summer calls exceed capacity, and each unanswered call goes to a competitor. The decision is rarely whether to add it; it is how to pay for it without starving the operation that funds it.
Merchant Fund Express is a funding marketplace: you apply once, and the file is matched to the structure that fits it. The sections below show what this situation usually costs, how a funder reads it, and what to prepare.
Compliance touchpoints for a plumbing and HVAC company often include state contractor license and EPA 608 certification, which can come up when the request involves a new site, a purchase or a significant change.
A plumbing and HVAC company file is read through service versus install mix and maintenance-plan revenue, receivables from builders and equipment and vehicles already financed.
Service calls pay at completion; installs and builder work pay in stages or on terms. A reviewer sees that pattern in the statements before reading a word of the application.
Equipment is part of the picture. A failure such as a recovery and vacuum equipment or a camera and drain equipment can run $4,500 to $7,500 and interrupt revenue while it is down.
| Cost item | Illustrative amount |
|---|---|
| Fully equipped service van | $55,000 |
| Tools and diagnostic equipment | $9,000 |
| Licensing and insurance | $6,000 |
| Technician payroll before the route fills | $11,000 |
| Cushion for overruns and slow early weeks (about 10%) | $8,000 |
| Funding need for one more service van | $89,000 |
Sizing check. If the full repayment shown in an offer were $116,000 over about 26 weeks, the weekly debit would be about $4,462. Against illustrative monthly deposits of $140,000 (about $32,308 a week), that is roughly 14% of weekly deposits. Your own offer states the real repayment amount in dollars; run your numbers on the factor rate calculator before you accept anything.
Source: worksheet by Merchant Fund Express. Illustrative only: these figures are not an offer, and real amounts depend on your file and the funder.
A fixed purchase with a quote you can put in front of a funder.
A fixed purchase with a quote you can put in front of a funder.
Often front-loaded and easy to leave out of the first estimate.
People are paid on a schedule that does not wait for new revenue to ramp.
These are the same factors described on revenue and deposit requirements and time in business. Merchant Fund Express walks you through how your own file reads before you apply.
A complete file is what makes a same-day decision possible. If something is missing, tell us and we will work around it.
Merchant Fund Express gives a same-day decision on a complete file, and funding is typically the next business day after signing. The quote or bill of sale for the service van is the document that usually moves things along.
It can be either. If the purchase is a single asset with a quote, equipment financing may fit; if you also need payroll and supplies for the ramp-up, working capital covers the whole package.
Often yes. A used purchase can shorten the payback, and a quote or invoice from the seller is what the file needs.
The minimum FICO is 500, and better credit means better products and terms. See credit score requirements for how the tiers work.
Merchant Fund Express gives a same-day decision on a complete file. Applying takes a few minutes and will not affect your credit score.
