TL;DR
Best HVAC contractor funder 2026: Greenbox for the mid-band with seasonal residential mix; Currency Capital or Beacon Funding for service vans and equipment; Credibly for fast A-paper cash; OnDeck term loan or Bluevine LOC for established contractors wanting cheaper money; Accord for B/C-paper or off-season NSFs. For equipment: equipment financing is almost always cheaper than MCA. Bluevine LOC fits parts inventory cycles best.
HVAC contractor funding decision tree
HVAC has four distinct funding needs that map to four different tools:
- Service vans + equipment — equipment financing at 8-15% APR over 24-72 months. Service vans, refrigerant recovery equipment, commercial HVAC units, diagnostic tools.
- Parts inventory cash — spring stock-up before summer revenue. Bluevine LOC at 6-27% APR fits the cycle.
- Off-season cash gap — Q1/Q4 payroll and overhead during slow months. LOC if qualified; small short-term MCA if not.
- Growth capital — second truck, second location, marketing investment. OnDeck term loan or SBA 7(a).
At a glance — seven funders compared
| Rank | Funder | Best for | Public spec |
|---|---|---|---|
| #1 | Greenbox Capital | Seasonal HVAC contractors with bridge needs | $5K–$250K MCA + LOC + factoring + equipment financing |
| #2 | Currency Capital / Beacon Funding | Equipment financing — units, dispatch fleet, refrigerant recovery | $5K-$2M equipment loans; 24-72 month terms; rate-shopped |
| #3 | Credibly | A-paper HVAC contractors with clean books | $5K–$600K MCA, factor 1.11+ A-paper, funds in 4 hours |
| #4 | OnDeck | Term loan for established contractors | Term loans up to $400K; LOC up to $200K; same-day funding |
| #5 | Accord Business Funding | B/C-paper HVAC contractors with NSFs | $5K–$150K MCA; B/C-paper; 3+ months TIB |
| #6 | Bluevine | LOC for established contractors with parts inventory needs | $10K–$250K LOC; APR 6.2%-27% |
| #7 | Rapid Finance | Multi-truck contractors with HVAC software integrations | MCA + term + LOC + embedded; up to 18-month terms |
Greenbox Capital
Best for: Seasonal HVAC contractors with bridge needs
$5K–$250K MCA + LOC + factoring + equipment financing
Strength
Five products under one roof — MCA for bridge, equipment financing for trucks/units, LOC for parts inventory. Accepts the seasonal deposit swing common to HVAC (Q1/Q2 dip then summer spike). 12+ months TIB.
Watch out
$250K MCA cap below competitors for larger commercial HVAC operations.
Fit: HVAC contractors $15K-$35K/mo, 12+ months operating, with seasonal residential mix.
Currency Capital / Beacon Funding
Best for: Equipment financing — units, dispatch fleet, refrigerant recovery
$5K-$2M equipment loans; 24-72 month terms; rate-shopped
Strength
Equipment financing is the right tool for HVAC capital purchases: service vans ($30K-$80K each), refrigerant recovery equipment ($5K-$15K), commercial HVAC units ($10K-$80K), shop diagnostic equipment. APR typically 8-15% vs MCA at 45%+ APR-equivalent. Beacon specializes in commercial trades.
Watch out
Equipment only — not for cash-flow gaps. Application requires equipment quote + spec sheet. Longer underwriting (3-7 days).
Fit: HVAC contractors buying service vehicles, recovery equipment, or commercial units.
Credibly
Best for: A-paper HVAC contractors with clean books
$5K–$600K MCA, factor 1.11+ A-paper, funds in 4 hours
Strength
Modern submission UX. Best for established HVAC contractors with 24+ months operating, clean bank statements, and 600+ credit. Useful for peak-season payroll, large parts orders, or equipment cash.
Watch out
Higher qualification bar. The 1.11 headline is the A-paper floor — actual HVAC contractor factors typically 1.30+. Generalist underwriting misses HVAC seasonality nuances.
Fit: HVAC contractors with 24+ months operating, $25K+/mo revenue, 600+ credit.
OnDeck
Best for: Term loan for established contractors
Term loans up to $400K; LOC up to $200K; same-day funding
Strength
For established HVAC contractors with 24+ months operating, a 24-36 month term loan beats MCA on total cost by 30-50%. Fixed monthly payment is easier to manage across peak/off-season swings.
Watch out
12+ months TIB minimum. Strong qualification bar. Doesn't accommodate new contractors or the first year of operation.
Fit: Established HVAC contractors (24+ months, 600+ credit) wanting fixed-payment financing across seasonal swings.
Accord Business Funding
Best for: B/C-paper HVAC contractors with NSFs
$5K–$150K MCA; B/C-paper; 3+ months TIB
Strength
Underwrites paper other funders decline. For HVAC contractors with off-season NSFs or recent slowdowns, Accord is one of the few options. Next-day funding on approved files.
Watch out
MCA only — no equipment, no LOC. Higher factor rates as the trade for accessibility. Smaller deal cap.
Fit: Newer HVAC contractors (3+ months), contractors with NSF history, second/third-position deals.
Bluevine
Best for: LOC for established contractors with parts inventory needs
$10K–$250K LOC; APR 6.2%-27%
Strength
LOC structure fits HVAC parts inventory cycles — draw for spring stock-up, repay through summer revenue. Materially cheaper than any MCA when you qualify. Builds business credit.
Watch out
Higher qualification bar — 12+ months TIB, 625+ credit, $10K+/mo revenue. Not for newer contractors.
Fit: Established HVAC contractors (12+ months, 625+ credit) with predictable parts/inventory cycles.
Rapid Finance
Best for: Multi-truck contractors with HVAC software integrations
MCA + term + LOC + embedded; up to 18-month terms
Strength
Embedded-lending narrative — works with HVAC software platforms (ServiceTitan, FieldEdge, Housecall Pro). Multi-truck contractors using vertical SaaS may have integration available.
Watch out
Public ISO commission ceilings lower than Greenbox or Accord. Less broker-friendly economics.
Fit: Multi-truck or franchise HVAC contractors using ServiceTitan or similar vertical SaaS platforms.
HVAC-specific watch-outs
- Seasonal lumpiness reads as volatility. Generalist MCA underwriters quote higher factors when they see Q1/Q4 deposit dips. Provide 12 months of statements with a residential/commercial mix note; funders that understand the trade accept the pattern.
- Service van quotes unlock cheaper money. A signed vehicle quote shifts the conversation from MCA underwriting to equipment underwriting — completely different rate tier. If the cash need is a van, get the quote first.
- Parts inventory cycles ≠ working capital. Don't MCA spring parts stock-up. Bluevine LOC is structurally built for this — interest only accrues on what you draw, repay when summer revenue lands.
- Off-season MCA is dangerous. Taking an MCA in Q4 with daily ACH set against Q3 deposits often fails in Q1 when revenue drops 40-60%. Reconciliation language matters more for HVAC than for steadier industries. See our reconciliation policies ranking.
What to ask any HVAC contractor funder before signing
- "What's the APR-equivalent on this deal?" Required disclosure in 5 states as of 2026.
- "Will the daily ACH reconcile if my monthly drops 30%+?" Critical for HVAC seasonal patterns.
- "Is there a prepayment discount?" Big summer paydays should pay off MCAs early — get the discount in writing.
- "Will you take a second position behind equipment financing?" If you already have van loans, this matters for stacking risk.
Frequently asked questions
- What's the best MCA for an HVAC contractor in 2026?
- For most established contractors ($15K-$35K/mo, 12+ months): Greenbox Capital. For equipment (service vans, recovery, units): equipment financing through Currency or Beacon Funding — almost always cheaper than MCA. For A-paper contractors wanting fast cash: Credibly. For B/C-paper or off-season NSFs: Accord. For established contractors with clean credit wanting cheapest money: OnDeck term loan or Bluevine LOC.
- Should I take an MCA or equipment financing for a new service van?
- Equipment financing every time. A $50K Sprinter or box truck financed over 60 months at 10% APR runs about $1,062/mo total $63,720. The same $50K as MCA at 1.30 factor over 9 months is $15,000 in fees (≈51% APR-equivalent) and the daily ACH eats your operating cash. Use equipment financing unless you can't qualify or you need the money in 24 hours.
- How do HVAC contractors handle off-season cash gaps?
- Best path: Bluevine LOC drawn during off-season, repaid through summer peak. Second best: equipment financing for any deferrable capital purchase during off-season (cheaper than MCA, time the purchase to your spring stock-up). MCA is the third option — fastest but most expensive. If you must MCA, take it small (cover specific payroll cycles, not 90 days of operation) and pay it off as summer revenue arrives.
- Can a one-truck HVAC startup get an MCA?
- Yes, but the pool narrows. Accord, smaller specialty MCA shops, and Greenbox's 2-stip program will fund newer contractors with 3-6 months of bank statements. Expect higher factor rates (1.35-1.50) and shorter terms (6-9 months). For service-van financing as a startup: Crest Capital and Beacon Funding sometimes fund newer contractors with strong personal credit (700+) and a vendor relationship.
- How does the seasonal revenue pattern affect MCA underwriting?
- HVAC contractors have lumpy deposits with Q2-Q3 spikes and Q1/Q4 dips (in most US regions). Generalist underwriters read this as volatility and quote higher factors. The fix: provide a full 12-month bank statement set with a 1-page note explaining the residential vs commercial mix. Funders that understand the trade (Greenbox especially) accept the pattern; generalists may quote 0.10-0.15 higher factor than you should pay.