HVAC Equipment Financing
Whether you're replacing a failed rooftop unit, upgrading to high-efficiency systems, or an HVAC contractor adding equipment and service vehicles, the cost usually lands all at once. We do the work of connecting your inquiry with an institutional lender who understands mechanical systems and the businesses that install them.
- HVAC equipment financing terms typically run 3-7 years, tracking the expected useful life of rooftop units, chillers, boilers, and other mechanical systems.
- Down payments range from 0-20% depending on credit profile, and whether the equipment is new or used.
- Five North Capital is a brokerage, not a direct lender — inquiries are matched to institutional lenders that understand commercial HVAC.
What hvac equipment can I finance?
Our institutional lender network finances the following hvac equipment categories:
What lenders look at for HVAC equipment
- Who's buying — building owners financing a system for their own property and contractors financing equipment for their business are underwritten differently.
- Installed vs. mobile equipment — equipment that's permanently installed in a building has less resale value on its own than mobile equipment, which can affect terms.
- Soft costs — installation, labor, and ductwork can be a large share of an HVAC project, and some programs finance them alongside the equipment.
- Timing — emergency replacements often need a fast decision, so matching to a lender who already knows the asset class helps.
Loan or lease?
Long-life systems like chillers, boilers, and rooftop units are often financed with a loan, since you'll run them for many years. Contractors with service vehicles or tools they rotate out regularly may find a lease fits better. Our loan and lease calculators can help you compare the numbers for your specific equipment.
Frequently asked questions
Can I finance an emergency HVAC replacement?
Yes. Emergency replacements are a common reason businesses look for HVAC financing, and we match your inquiry to lenders who can move on the timeline you need.
Can installation costs be included in HVAC financing?
Some programs include soft costs like installation, labor, and ductwork. It varies by lender, so include those costs in your inquiry.
Can HVAC contractors finance equipment and service vans?
Yes. Contractors can finance tools, equipment, and service vehicles, and a lender familiar with the trades will understand seasonal demand and job-based revenue.
What terms are typical for HVAC equipment financing?
Terms often range from 3 to 7 years depending on the equipment's useful life, with longer terms available for long-life systems like chillers and boilers.
How much of a down payment do I need for HVAC equipment?
It varies by lender, credit profile, and whether the equipment is new or used — some programs require no down payment, others ask for 10-20%.
Can I finance used or refurbished HVAC equipment?
Often, yes, though terms may be shorter to reflect the equipment's remaining useful life. It depends on the equipment and the lender.
Request HVAC Equipment Financing
Tell us about the equipment you need to finance and we'll be in touch to discuss next steps.