Units bought to install for customers are stock, carried on inventory financing for a few months. A house account paid 45 days out is a credit line draw. A press tool and a threader sit on an equipment agreement. A second crew combines a van loan with working capital for hours before its jobs bill. Cabarrus County, NC has 133 plumbing and HVAC businesses with no payroll.
At a glance
- Plumbing, heating, and air-conditioning contractors with no paid employees, Cabarrus County, NC (NES 2024, NAICS 23822)
133, with $8.8 million in receipts
- Employees at NAICS 238220 employers, Cabarrus County, NC (CBP 2023)
943
- NAICS 238220 establishments with a ZIP 28081 address (ZBP 2023)
14
- Payroll per employee, NAICS 238220, Cabarrus County, NC
about $57,902 (our arithmetic)
Plumbing contractor business loans in Cabarrus County, NC: mini-split units and line sets bought ahead of installs
An invented stock order: six mini-split units at $1,385 and six line sets at $142, $9,162 on the shelf before the first of six installs is scheduled.
In this invented example, with inventory financing paid down over four months at 14.15%, the order costs $2,358.42 monthly; four payments make $9,433.68, so carrying the stock costs $271.68. Each finished install can pay down the balance early.
The units are the company's inventory until they are installed and billed. What they are installed into is the customer's building and the customer's business, not part of the request.
An HVAC business line of credit in Kannapolis, NC: a property manager's house account paid 45 days out
In an invented case, a property manager with dozens of rental units runs a house account: the company does the work all month, sends one statement, and is paid 45 days after the statement date.
Invented month: $7,840 of work on the statement, with parts already paid to the supply house and technicians paid every week. Drawn on an HVAC business line of credit for 47 days at 13.55% a year, counted by the day, that amount costs about $136.79.
Because the statement comes every month, the draw repeats. A credit line handles a repeating gap well as long as each payment from the property manager clears the last draw; a line that keeps climbing is a sign the account terms need a conversation.
Business loans for plumbers: a press tool kit and a pipe threader at a Cabarrus County, NC plumbing company
Invented quote for a plumbing company: a press tool kit with jaws at $4,960 and a pipe threader at $6,280, $11,240 together.
In this invented example, at 12.20% over 36 months of equipment financing, that becomes $374.40 a month. Thirty-six such payments total $13,478.40; $2,238.40 of it is interest.
- Three to six months of the company's business bank statements
- The dealer quote with model numbers
- Current agreements on vans or tools
- Last year's business tax return, should a partner want it
Whether the hours a press tool saves on each job cover its installment is a figure only the company's own job records can show, so those records are worth pulling before the quote is signed.
Financing for HVAC contractors in Kannapolis, NC: a second install crew's van, tools and hours before its jobs bill
An HVAC company adds a second install crew. Invented figures: a used cargo van at $34,700, $5,310 of tools, and two technicians at 40 hours and $27.50 an hour, $2,200.00 a week, for three weeks before the new crew's first jobs are billed.
In the invented figures, the van on a 60-month loan at 10.75% costs $750.14 monthly, reaching $45,008.40 over five years with $10,308.40 in interest. The three invented weeks of hours, $6,600, fit working capital, and the tools can join the van agreement or come from cash.
A partner may want the job schedule for the new crew, the bank statements and the van listing. Booked work behind a new crew makes for a different request than a crew hired in hope of work.
Plumbing, heating and air-conditioning contractors in Cabarrus County, NC: receipts without payroll and payroll per employee
Nonemployer Statistics found 133 plumbing, heating and air-conditioning businesses in Cabarrus County, NC with no paid employees in 2024; together they took in $8.8 million, about $66,015 each by our arithmetic. Receipts are sales before costs, not income.
The employer side is separate. In 2023 the county's 238220 employers carried 943 employees on payroll, and dividing their $54.6 million payroll among them gives about $57,902 per employee, by our arithmetic, part-time staff included.
Fourteen of those employer establishments had a ZIP 28081 address in the 2023 ZBP file.
A one-van owner and a twelve-person shop send the same request. The Kannapolis, NC page carries the office ZIP's figures, and the industries page links construction and the other trades.
By Ivyvale Capital Group ยท Updated