SBA ReadyPLANS
SBA business plans for contractors

Contractor business plans lenders can underwrite

Contractors, from remodelers to HVAC and plumbing companies, are some of the most frequent SBA borrowers. Lenders look past the revenue line to backlog, margin by job and how cash moves through receivables.

Written by a former underwriter who approved contractor loans for 10 years.

  • SBA 7(a)
  • SBA 504
  • 36-month projections
  • Written assumptions
  • DSCR

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What underwriters look for

What a lender checks on a contractors loan

Your plan answers these before the credit officer has to ask.

Backlog and pipeline

Signed work, bids outstanding and recurring service agreements, so revenue isn't just a guess.

Margin by job type

Gross margin for service, replacement and project work shown separately.

Receivables

AR aging, collection timing and customer concentration.

Work in progress

For project contractors, the WIP schedule and over- and under-billings.

Licensing and bonding

Licenses, bonding capacity and insurance that match the work you plan to take on.

Seasonality

Monthly cash flow through slow months, and the working capital to cover them.

In your projections

Numbers your plan will show

Every figure comes with a written assumption, across 36 months of P&L, balance sheet and cash flow.

  • Backlog
  • Revenue mix (service vs. project)
  • Gross margin by job type
  • AR days
  • Working capital
  • Equipment & fleet
  • DSCR by year
Loan types

Plans for every kind of request

Startups, acquisitions, expansions and property purchases, for SBA 7(a), SBA 504 and conventional bank loans.

  • Working capital
  • Equipment & vehicles
  • Contractor acquisition
  • Partner buyout
  • Shop or yard purchase (504)
  • Expansion
FAQ

Common questions

My business is seasonal. Does that hurt my application?

Not if the plan shows it clearly. Monthly projections show the slow months and how working capital covers them, and lenders prefer that to annual numbers that hide it.

Can you write a plan for buying an HVAC or plumbing company?

Yes. Acquisition plans use the seller's tax returns, documented add-backs, service agreement revenue and a transition plan for customers and technicians.

Do you need my WIP schedule?

If you do project work, yes. Lenders often ask for it, and it lets us show margins and cash flow accurately.

Ready to put your loan request in front of a lender?

Name, email and phone. That's all it takes to get started.

Start your plan