SBA 7(a) Loans for Gas Stations & C-Stores

Gas station & c-store financing for small businesses

Experience Ready Capital’s commitment to gas station and convenience store owners and investors. We close SBA 7(a) deals that other lenders can’t, working with a range of credit scores and financing challenges.

Need SBA 7(a) loans for gas stations & c-stores?
Connect with a Business Development Officer â–º

Ready Capital can provide capital to acquire an existing gas station and convenience store or to construct a new one, including costs for gas pumps, point-of-sale technology, and kitchen equipment.

Why Ready Capital

  • A value-add lender, closing more deals with credit flexibility
  • Trust and confidence in execution
  • Centralized front-end reviews, closers involved early
  • #4 SBA Preferred Lender in the U.S.

Gas station & c-store loan highlights

  • Loans to $5 million*
  • Terms up to 25 years
  • Low borrower equity required
  • Flexible use of loan proceeds
  • Limited/No prepayment penalties
  • Closing costs may be financed

*These loans are made pursuant to the SBA 7(a) Small Balance and Express programs. Loan terms vary by loan program, borrower eligibility, loan amount, and other factors.

Learn more about SBA 7(a) loans â–º

Gas station & c-store loan purposes

  • Business acquisitions (including real estate)
  • Real estate purchases
  • New equipment purchases
  • Construction
  • Partner buyouts
  • Debt refinancing

MARKET FACT

Between 2018 and 2023, the gas stations with convenience stores industry revenue in the U.S. increased at a compound annual growth rate of 5.1%, reaching an estimated $641.5B in 2023.

Source: IBISWorld

Have a question about gas station and convenience store SBA 7(a) Loans?

FAQs

Answer: Gas station and c-store financing is specifically designed for individuals or entities looking to buy or construct a gas station and c-store business. It involves loans to cover the costs associated with starting and running the business. 

Answer: There are several business lending options, including traditional bank loans, SBA 7(a) loans, equipment financing, and lines of credit. The choice of financing depends on the business owner’s needs and financial situation.

Answer: An SBA loan is a type of loan backed by the Small Business Administration that helps small businesses, including gas stations and c-stores, get the financing they need.

The benefits of SBA loans for gas stations and c-stores include:

  • Lower down payments (typically 10%)
  • Longer repayment terms (up to 25 years)
  • Competitive interest rates
  • Flexible use of funds
  • Access to expert guidance and resources from the SBA

Learn more about how SBA loans work.

Answer: Financing can typically be used for business acquisitions (including real estate), real estate purchases, new equipment purchases, construction, partner buyouts, and debt refinancing.

Answer: While prior business experience can be beneficial, it’s not always a strict requirement.

Answer: SBA loan requirements can vary, but in general, lenders consider these factors:

  • Personal and business financial statements
  • A comprehensive business plan
  • Financial projections
  • Business track record
  • Resumes of key team members
  • Personal credit history and scores
  • Collateral

Answer: Collateral requirements vary from lender to lender. Common types of collateral may include personal assets like real estate, equipment, or business assets. The specific collateral requirements will be outlined in the loan agreement.

Answer: The approval timeline can vary but it typically takes anywhere from a few weeks to a few months. Delays may occur if additional documentation or information is required, so it’s essential to start the application process early.

Answer: When exploring lenders, consider their experience, available financing options, and their track record of successful  lending to car wash businesses. 

SBA Preferred Lenders are experienced in aligning borrowers with their business goals and guiding them through the SBA application process.

Small Business

Get Started

Apply for a Ready Capital SBA 7(a) loan

Click the button to start the application process. It takes less than 3 minutes and will not affect your credit score.

APPLY NOW

Recent Transactions - All Industries