If you are looking for gas station financing, we have very good news for you. Gas station financing is still a solid business plan. In fact, one of the first loans that the GRP Capital team closed after the COVID-19 pandemic began was a gas station development loan.
Why Lenders Like Gas Station Financing:
• Recession Proof/Inflation Proof/Pandemic Proof: Many aspects of the American economy have changed since 2020. But lenders agree: gas stations and convenience stores are stable businesses, especially when well-managed. The fuel supply entity with retail space is a truly essential business, adaptable and popular, too.
• We Find Lenders who Know this Business: Every lender is different and has different wish lists for their loans. Some want their clients to live in certain states; other lenders prefer certain industries while avoiding others. We know which lenders are right for your loan and we go to them first to request a term sheet. When we have a few competing term sheets, we show them to our clients. Ultimately, our clients choose their lenders, but we save time and money by sourcing the lenders who are interested in their type of projects.
• Fuel Supply Agreements: Lenders like the stability of fuel supply agreements. These agreements set up an established “cut” for the supplier. As a result, there is a measure of protection for both the supplier and the gas station owner. No matter what the price of the fuel is, the owner will still make money. This built-in stability makes a gas station loan attractive for many lenders. We also have been able to assist our clients in obtaining favorable fuel supply agreements, which will positively impact their profitability for a long time.
Contact Our Team For Your Financing Needs:
If you are considering a loan for purchase, refinance or construction and would like to discuss your plans, feel free to contact our team. We have a network of lenders and can find the best match for your funding needs, saving your time and money, so you can focus on running your business.
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