The cases below put invented numbers on each; a call to Meadowside Credit starts from whichever is closest.
Material orders that outrun a supply account fit a line of credit; tools and lifts fit equipment financing; a new crew's wages before its jobs pay fit working capital. Financing for a homeowner's or building owner's own system is a different product, outside this site.
At a glance
- Plumbing, heating and air-conditioning contractors, Bristol County, MA (CBP 2023)
278 establishments
- Of those, fewer than 5 employees (CBP 2023)
180 (64.7%)
- Plumbing, heating and air-conditioning contractors at ZIP 02720 addresses (ZBP 2023)
13 establishments
- Plumbing, heating and air-conditioning contractors without paid employees, Bristol County, MA (NES 2024)
395
HVAC Business Line of Credit Loan in Bristol County, MA for the Order Above a Supply-House Limit
On invented figures, an HVAC contractor has a $25,000 limit on its supply-house account and needs $41,300 of equipment and fittings for one commercial job. The house ships $25,000 on account and wants the other $16,300 paid at pickup.
In the same made-up job, the general contractor pays about 45 days later. Drawn on a line of credit at 13.45%, the $16,300 carries $270.29 of simple interest for those 45 days on a 365-day year, and the line reopens when the payment comes in.
A larger supply-house limit is the other route, and the supply house decides that on its own terms. A line covers what the account will not, and it works with any supplier. Units and parts bought for a customer's job are the contractor's material until installed; the installed system belongs to the building owner.
A partner may ask for the supply-house statement, the job contract and the payment schedule.
Business Loans for Plumbers Around Bristol County, MA: a Press Tool Kit, a Cart Jetter and a Pipe Freezer
Made-up case: a plumbing shop buys a battery press tool kit with jaws at $4,680, a cart-mounted sewer jetter at $9,870 and an electric pipe freezing kit at $2,240, $16,790 together. On a three-year equipment financing term at 11.75%, the tool set runs $555.67 a month, and the shop hands over $20,004.12 in all, $3,214.12 more than the tools cost.
Over 24 months, the invented payment is $788.40 and interest drops to $2,131.60. Press jaws and freeze heads wear with use, which argues for the shorter term on the smaller tools, while the jetter can carry a longer one.
Every piece here leaves in the van at the end of the day, which is what makes it collateral. Have the jetter dealer's quote and model numbers ready, since a partner may ask for them. Jetter hoses and nozzles replaced over time are running costs paid from jobs.
Financing for HVAC Contractors Around Bristol County, MA: Buying a Scissor Lift and Duct Lift or Renting by the Day
In this invented case, an HVAC crew rents a scissor lift at $185 a day and a duct lift at $65 a day, $250 for the pair, on commercial jobs. Buying a used scissor lift at $11,400 and a duct lift at $2,280 comes to $13,680.
Owning both lifts on an invented four-year note at 10.85% means $352.57 a month; the crew would pay $16,923.36 over the 48 months, $3,243.36 above the purchase price. Three rental days a month would cost $750, so on these made-up rates the payment is the smaller figure once the crew needs both lifts on more than one day a month.
Ownership brings costs a rental may include: moving the lifts between jobs, batteries and upkeep. A partner may ask for the seller's quote, the hours on the scissor lift and its service record. Both lifts roll from job to job and are not fixed to any building.
Plumbing Contractor Business Loans in Fall River, MA for a Second Crew's Tools and First Paydays
Invented figures: a plumbing contractor adds a second two-person crew. Its tools, a pipe threading machine at $3,960, a core drill with stand at $2,150, a laser level at $890 and ladders with tool storage at $1,460, come to $8,460. Over 24 months at 12.95%, those tools cost $402.01 a month, $9,648.24 in all, including $1,188.24 of interest.
Wages are separate. The crew's combined pay is $3,740 every two weeks, and its first jobs pay after about six weeks, which holds 3 paydays, $11,220 in this made-up case.
Spread over nine months at 14.85% as a working capital loan, the invented $11,220 costs $1,325.07 a month, and nine payments total $11,925.63 with $705.63 of interest. Keeping the two apart lets the tools carry their own collateral and the wages end with the gap.
Plumbing, Heating and AC Contractors in Bristol County, MA Among the Specialty Trades
County Business Patterns counted 278 plumbing, heating and air-conditioning contractor establishments with paid employees in Bristol County, MA in 2023, 22.7% of the 1,227 specialty trade contractors counted that year (our arithmetic). Of the 278, 180 (64.7%) had fewer than five employees, and all of them reported 2,130 paid employees in the March pay period.
Counted by street address, ZIP 02720 held 13 plumbing, heating and air-conditioning contractor employers in 2023 (ZIP Code Business Patterns). Nonemployer Statistics, a separate program, counted 395 plumbing, heating and air-conditioning contractors without paid employees in Bristol County, MA for 2024.
The contractors page covers builders and other trades, the industry overview groups this trade with landscapers and manufacturers, and the Fall River, MA page has more ZIP 02720 counts.
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