Tag Archives: gas station loan

Gas Station Loans and Gas Station Upgrade Loans

Many of our lending partners are still very keen on gas station loans and particularly gas station upgrade loans. These businesses continue to be solid investments, seemingly recession and inflation-proof. We routinely check in with our lending partners to see what their appetite is. They are telling us that they remain highly interested in funding gas station purchases, refinances, and gas station upgrades.

What are Gas Station Upgrade Loans?

• Finding Paths to Increased Profits: Gas station owners have a few ways to increase revenues. Pricing their fuel to drive traffic to the store is one way. However, many fuel center owners believe that the true revenue centers are those that encourage add-on spending from customers. Inside store sales are a key example of this add-on spending.

• Car Washes: Car washes are a great gas station upgrade. They do require maintenance and increased water and supply costs. But these can be offset with enough volume. We are also seeing gas station owners offering initial car wash specials or encouraging loyalty programs.

• Charging Stations: Gas stations can still be relevant to drivers of electric vehicles through the installation of charging stations. Additionally, there is often matching governmental funding for creating charging stations. Most importantly, drivers of electric cars have to linger at the charging stations for a little while. Therefore, they have time to kill, time which can be spent shopping in your retail area.

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 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.

Your Gas Station Loan Specialist

As a premier gas station loan specialist, we love to fund gas station loans and convenience store loans for our clients. These businesses continue to be solid investments, seemingly recession and inflation-proof.

Our lending partners remain highly interested in funding gas station purchases, refinances, and construction for qualified borrowers. 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.

We we are a Gas Station Loan Specialist:

• Understanding the 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. These include staff retention and negotiation of fuel supply agreements. As a result, we can make the case for your business, showing its profitability and its potential for future profitability.

• Finding Motivated Lenders: We, like our clients, are carefully monitoring the ups and downs of our economy. Our lenders are doing the same. Gas station and convenience store owners have routinely demonstrated how essential their businesses are, no matter the vagaries of the stock market.

• 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 work hard securing your funding, so you can work hard running your business

• Fuel Supply Agreements: Fuel supply agreements set up an established “cut” for the supplier. This protects the supplier, while providing stability for the gas station owner. No matter what the price of the fuel is, the owner will still make money. Crucially, the fuel supply agreement also allows the owner to predict future revenues more accurately. This built-in stability makes a gas station loan attractive for many lenders. We 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.

Contact our gas station and convenience story specialists at fuelup@grpcapital.com, our dedicated email address just for you.

Gas Station Financing Is Still a Solid Business Plan!

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.

Gas Station Loans and Convenience Store Loans

We love to fund gas station loans and convenience store loans for our clients. These businesses continue to be solid investments, seemingly recession and inflation-proof. We routinely check in with our lending partners to see what their appetite is. They are telling us that they remain highly interested in funding gas station purchases, refinances, and construction for qualified borrowers. 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.

How we can help fund your Gas Station or C-Store:

• Understanding the 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.

• Finding Motivated Lenders: We, like our clients, are carefully monitoring the ups and downs of our economy. Our lenders are doing the same. Gas station and convenience store owners have routinely demonstrated how essential their businesses are throughout the past two years of change. These businesses were able to pivot and be adaptable. In addition, customers appreciate the one-stop shopping at these shops, avoiding lines and larger crowds.

• 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 work hard securing your funding, so you can work hard running your business

• Fuel Supply Agreements: Fuel supply agreements set up an established “cut” for the supplier. This protects 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 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.

High Season for Gas Stations: Are you ready?

Summer is around the corner and with it the high season for gas stations.

Some statistics that you should know:

  • The U.S. Travel Foundation is still predicting high travel for 2023, despite inflation.
  • Domestic travel in the U.S. remains the most popular option.
  • 37 million Americans are planning to travel just during Memorial Day weekend. 

Is your gas station ready for the Summer of the Car?

Our network of lenders is still keen to make financing available for gas stations and convenience stores. Perhaps you are interested in purchasing or construction of a gas station. Or maybe you already own a gas station and are ready to renovate. Now is the time to capitalize on this sweet spot in financing. Here are some ideas to consider for future renovations and current operations:

Revenue Enhancements for Gas Stations

• Are you fully staffed? Gas stations and convenience stores naturally compete with their nearest neighbors. Does your store have a reputation for efficiency? Indeed, the only way to be efficient is to have sufficient staffing. In essence, when you are you fully staffed, you can sell more types of products. These can  include drink stations, complicated coffee stations and self-serve snacking. 

• Car Wash Capacity: Increased driving means increased dirty cars! What’s more, those car washes quickly pay for themselves, especially when customers see no waiting for a wash. It’s no surprise that lenders are quite willing to fund renovations that include increasing car wash capacity. 

• Charging Stations: Electric and hybrid cars are increasing throughout urban and suburban areas. First thing to remember, charging takes a few minutes. As a result, these customers will absolutely use this down time to come inside and make some purchases. Therefore, adding charging stations is a great investment, one that is viewed favorably by lenders. Finally, installing a charging station may also have a tax incentive. 

• Fuel Supply Agreements: Are you satisfied with your fuel supply agreement or are you ready to renegotiate? GRP Capital can help you in this process, one which directly affects your bottom line. 

If you are interested in any form of gas station loans, now is the time to act. Contact our team or email us at fuelup@grpcapital.com to access our gas station specialists.