Why plumbing and HVAC contractors in Chicago qualify
Plumbing and HVAC contractors in Chicago are classified under Plumbing, Heating, and Air-Conditioning Contractors, an eligible category. Industry is therefore not the question; the four things every file is read on are. Commercial and service work is eligible; new residential construction is restricted.
The cash-cycle problem
Service work collected quickly; new-construction and commercial draws run 30-60 days.
In Chicago that usually means capital goes to stocking units ahead of the season, vans, tooling, technicians, materials for a contract.
What applies in Chicago
Chicago runs on freight and rail convergence, manufacturing and a deep restaurant market.
Illinois funds normally on every tier.
Illinois winters are hard enough to remove months from the working year, so a plumbing and HVAC contractor account in Chicago is read on the twelve-month average rather than the trough.
State trade licensing applies.
The published thresholds
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
Questions
Do you fund plumbing and HVAC contractors in Chicago?
Yes. Commercial and service work is eligible; new residential construction is restricted.
What credit score is needed?
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
How fast can funding arrive?
Same-day decision and next business day funding on a complete file.
What if revenue is seasonal?
Sharply seasonal: HVAC peaks in summer heat and winter cold, with shoulder-month troughs. Underwriting reads the average and the deposit count, not the peak month.