Air conditioning is one of the most seasonal trades in Australia. When the first heatwave hits, every installer’s inbox fills overnight. The businesses that win are the ones with units on the shelf and crews ready to go. The ones that miss out are usually waiting on stock or can’t afford to put on extra installers.
Fast finance helps you get ready for the rush instead of reacting to it.
Why air conditioning businesses need fast finance
HVAC businesses face a few unique cash flow pressures:
- Unit stock is expensive. Split systems and ducted units carry a big price tag, and suppliers often want payment on order or within tight terms.
- Seasonal demand. Summer brings a flood of work, and winter heating brings another. Stocking up before the peak means spending before the money comes in.
- Builder contracts. Ducted installs on new homes are roughed in at frame stage and fitted off near practical completion. You can wait months between buying the unit and getting paid.
- Install crews and apprentices. Extra crews in peak season mean more wages, vans and tools.
- Commercial jobs. Small office and warehouse fitouts involve bigger plant, cranes and longer payment terms.
What HVAC businesses use fast finance for
Bulk unit stock before the peak
Buying units in bulk before summer can lock in better supplier pricing and avoid back orders. Our building materials finance covers supplier orders like this, and the guide to buying building materials in bulk explains how to plan it.
Extra crews and vans
Putting a second or third install crew on for the season means vans, tools, recovery units and wages. A fast loan funds the setup and the income from peak season repays it.
Carrying builder work
If you’re doing ducted systems across a builder’s estate homes, you might have a dozen units installed and not yet paid for. A cash flow loan for tradies keeps your account healthy while you wait for handover payments.
Clearing an ATO debt
A big season often leads to a big BAS. A lump sum loan clears it so you can focus on the next rush.
Secured or unsecured: what suits an air conditioning business?
Secured loans are for owners with property equity: a home, investment property, commercial unit or land. A fast second mortgage, fast first mortgage or bridging loan can fund in as little as 24 hours in some cases. No financials are needed, bad credit is considered and terms typically run 1 to 12 months. A caveat loan is also available in Victoria.
Unsecured loans suit HVAC businesses with an ABN, six months or more of trading and recent business bank statements. The amount is sized to your turnover and some are funded within hours.
All our loans are for business purposes. Every loan is priced on your circumstances, and we find the sharpest rate available for your situation.
Example: getting ready for summer
Example only. An air conditioning business in Perth expects a big summer and wants 80 split systems and 10 ducted units on the shelf by November. The order comes to around $140,000, and the supplier wants payment within 14 days. The business also wants to put on a second install crew.
The owner has equity in their home. A fast second mortgage for $180,000 funds the stock, a second van and the first few weeks of extra wages. As summer installs are paid, the loan is repaid well within the term.
How quickly can an HVAC business get funded?
Our form takes about 60 seconds. A lending specialist calls you back to go through the options. Some unsecured loans are approved and funded within hours. Secured loans can fund in as little as 24 hours in some cases, typically within a few days once valuation and documents are in.
What to have ready
- ABN and business details
- Recent business bank statements (unsecured)
- Property details and approximate balance owing (secured)
- Supplier quote for unit stock or equipment
- Current jobs and builder contracts
Key facts
- Loan size: $20,000 to $5 million
- Secured: against property you own, no financials needed
- Unsecured: six months trading, bank statements, sized to turnover
- Speed: as little as 24 hours for some secured loans
- Suits: residential, builder and small commercial air conditioning installers
Be ready before the heat hits
Stock and crews win the summer. Check your options in about a minute and we’ll tell you quickly if we can help.
