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Region — Cycle 2026.08

Midwest HVAC Businesses, Graded for SBA Financing

40 HVAC businesses for sale in Midwest, run through the same SBA 7(a) underwriting math as every other listing and graded against the full current batch — not just against each other. 11 Grade A · 14 Grade B · 15 Grade C.

Within this batch, asking prices span $150K to $4.5M and stressed DSCR ranges from 0.61x to 5.16x (median 1.88x). 29 of 40 clear the standard 1.25x SBA lender comfort threshold at the asking price as stated; 11 would need a price reduction to get there.

BusinessAsking priceSDE multipleDSCR — stated → stressedTo hit 1.25x
A Midwest (OH) HVAC BusinessMidwest (OH) $300K – $350K 1.14x 6.45 → 5.16 Clears at ask
A Midwest (MO) HVAC BusinessMidwest (MO) $250K – $300K 1.21x 6.07 → 4.86 Clears at ask
A Midwest (IA) HVAC BusinessMidwest (IA) $250K – $300K 1.23x 5.99 → 4.79 Clears at ask
A Midwest (OH) HVAC BusinessMidwest (OH) $250K – $300K 1.24x 5.93 → 4.75 Clears at ask
A Midwest (WI) HVAC BusinessMidwest (WI) $450K – $500K 1.31x 5.6 → 4.48 Clears at ask
A Midwest (MI) HVAC BusinessMidwest (MI) $250K – $300K 1.39x 5.28 → 4.22 Clears at ask
A Midwest (IL) HVAC BusinessMidwest (IL) $150K – $200K 1.6x 4.61 → 3.69 Clears at ask
A Midwest (OH) HVAC BusinessMidwest (OH) $300K – $350K 1.6x 4.59 → 3.68 Clears at ask
A Midwest (MI) HVAC BusinessMidwest (MI) $300K – $350K 1.6x 4.59 → 3.68 Clears at ask
A Midwest (MI) HVAC BusinessMidwest (MI) $450K – $500K 2.05x 3.6 → 2.88 Clears at ask
A Midwest (MN) HVAC BusinessMidwest (MN) $300K – $350K 2.18x 3.38 → 2.71 Clears at ask
B Midwest (MI) HVAC BusinessMidwest (MI) $1.5M – $1.75M 2.46x 2.99 → 2.39 Clears at ask
B Midwest (MN) HVAC BusinessMidwest (MN) $900K – $1M 2.5x 2.95 → 2.36 Clears at ask
B Midwest (KS) HVAC BusinessMidwest (KS) $1.5M – $1.75M 2.73x 2.7 → 2.16 Clears at ask
B Midwest (MO) HVAC BusinessMidwest (MO) $500K – $600K 2.74x 2.69 → 2.15 Clears at ask
B Midwest (IN) HVAC BusinessMidwest (IN) $350K – $400K 2.76x 2.67 → 2.13 Clears at ask
B Midwest (MO) HVAC BusinessMidwest (MO) $1.75M – $2M 2.96x 2.49 → 1.99 Clears at ask
B Midwest (IN) HVAC BusinessMidwest (IN) $450K – $500K 2.99x 2.46 → 1.97 Clears at ask
B Midwest (MI) HVAC BusinessMidwest (MI) $900K – $1M 3.0x 2.45 → 1.96 Clears at ask
B Midwest (MO) HVAC BusinessMidwest (MO) $1.25M – $1.5M 3.11x 2.37 → 1.89 Clears at ask
B Midwest (IL) HVAC BusinessMidwest (IL) $1M – $1.25M 3.15x 2.33 → 1.87 Clears at ask
B Midwest (IL) HVAC BusinessMidwest (IL) $1.25M – $1.5M 3.25x 2.26 → 1.81 Clears at ask
B Midwest (IN) HVAC BusinessMidwest (IN) $300K – $350K 3.25x 2.26 → 1.81 Clears at ask
B Midwest (MO) HVAC BusinessMidwest (MO) $800K – $900K 3.32x 2.22 → 1.77 Clears at ask
B Midwest (IN) HVAC BusinessMidwest (IN) $1.5M – $1.75M 3.44x 2.14 → 1.71 Clears at ask
C Midwest (OH) HVAC BusinessMidwest (OH) $1M – $1.25M 3.67x 2.01 → 1.61 Clears at ask
C Midwest (IA) HVAC BusinessMidwest (IA) $3M – $3.5M 4.01x 1.83 → 1.47 Clears at ask
C Midwest (IL) HVAC BusinessMidwest (IL) $1.25M – $1.5M 4.1x 1.8 → 1.44 Clears at ask
C Midwest (OH) HVAC BusinessMidwest (OH) $1.5M – $1.75M 4.18x 1.76 → 1.41 Clears at ask
C Midwest (OH) HVAC BusinessMidwest (OH) $1M – $1.25M 4.8x 1.53 → 1.23 ~5% off ask
C Midwest (MO) HVAC BusinessMidwest (MO) $1.25M – $1.5M 5.08x 1.45 → 1.16 ~10% off ask
C Midwest (WI) HVAC BusinessMidwest (WI) $4M – $4.5M 5.12x 1.44 → 1.15 ~10% off ask
C Midwest (MI) HVAC BusinessMidwest (MI) $2M – $2.5M 5.11x 1.44 → 1.15 ~10% off ask
C Midwest (MI) HVAC BusinessMidwest (MI) $3.5M – $4M 5.71x 1.29 → 1.03 ~20% off ask
C Midwest (OH) HVAC BusinessMidwest (OH) $3M – $3.5M 6.11x 1.2 → 0.96 ~25% off ask
C Midwest (MN) HVAC BusinessMidwest (MN) $700K – $800K 6.31x 1.17 → 0.93 ~30% off ask
C Midwest (IL) HVAC BusinessMidwest (IL) $3M – $3.5M 6.36x 1.16 → 0.93 ~30% off ask
C Midwest (MI) HVAC BusinessMidwest (MI) $2.5M – $3M 7.31x 1.01 → 0.81 ~35% off ask
C Midwest (IL) HVAC BusinessMidwest (IL) $1M – $1.25M 7.58x 0.97 → 0.78 ~40% off ask
C Midwest (IA) HVAC BusinessMidwest (IA) $1.25M – $1.5M 9.64x 0.76 → 0.61 ~55% off ask

See the full national list →