PLUMBING AND HVAC FUNDING

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If you’re considering expanding your business that provides services related to heating, ventilation, and air conditioning (HVAC), now is a great time to do it. Why? The Bureau of Labor Statistics (BLS) reports that this particular field is growing at a rate of 15 percent, a number that is more than twice as high as the national average (closer to a 7 percent).

The same is true for entrepreneurs who want to improve their shop that provides plumbing services. According to the BLS, jobs in this field are expected to increase by a whopping 16 percent between the years 2016 and 2026, a rate they declare is “much faster” than the 7 percent average.

What type of business can you create that falls into one these fields, giving you access to greater profitability thanks largely to its impressive growth rate? Here are a few options to consider based on the occupations that fall under this particular Standard Industrial Classification (SIC) code:

• Air conditioning equipment installation, maintenance, and repair
• Heating equipment installation, maintenance, and repair
• Plumbing installation, maintenance, and repair
• Drainage system contractor
• Lawn sprinkler contractor
• Sewer hookup and connection
• Sheet metal contractor
• Solar heating contractor
• Sump pump or water pump contractor
• Water system balancing and testing.