Are you in the market for a gas station loan? There are lots of things to consider if you are seeking finance. Gas stations and convenience stores continue to be solid investments, seemingly recession and inflation-proof. GRP Capital is busily working right now on placing several gas station loans, including purchases, refinances and construction.
What do I need to know right now about a gas station loan?
• Lenders are still fans of gas stations and C-stores: Lenders consider gas stations and C-stations to be essential businesses. They have proved their resilience in these somewhat volatile economic times. This gives us more options to find you good, solid lending partners.
• Include Revenue Enhancements in your Business Plan: Many of our lending partners are still very keen on gas station loans and particularly gas station upgrade loans. They want to see your plans to maintain or even increase profitability. As a result, they are willing to finance upgrades like car washes, improvements of indoor retail offerings and adding charging stations for electric vehicles.
• Take advantage of rural business financing if applicable: Did you know that the United States Department of Agriculture offers loan guarantees for small businesses in rural areas? If your store is located near a highway but outside the metro center, this might be an option for you. USDA loans offer rates that might be more affordable for certain borrowers
Why GRP Capital Can Help Gas Station Owners:
• We Do the Work So You Can Do Yours: Lots of small business owners work hard. However, we know that gas station/C-store ownership and management is particularly labor intensive. Our clients can rely on us to fill out documents, review them, obtain signatures, and set up site visits, all while working in partnership with the lender. We also have relationships with professionals like environmental engineers which can help us make the loan process go more smoothly. Ultimately, we work hard securing your funding, so you can work hard running your business.
• We Know the Gas Station Business: We have worked with a variety of clients who own gas stations and C-stores. We have expertise in funding the purchases, refinances and construction of gas stations and C-stores. We understand the nature of the business and many of its challenges, including staff retention. As a result, we can make the case for your business, showing its profitability and its potential for future profitability.
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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