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Gas Station and Convenience Store Loans Nationwide

Opening a gas or service station is a popular choice for many small business entrepreneurs. Although not much money is made off of gas sales, many owners generate decent amounts of revenue from convenience store products and/or minor car maintenence services. Acquiring a loan for a gas service station can be difficult, as with most all commercial lending. Environmental insurance and local regulations can put a hamper on getting the business planned and started.

Many lenders tend to reject applications of this sort for those very reasons. Leasing agreements and predicted revenue can also be a burden. In recent years, gas station financing has become more and more difficult due to a dynamic and ever changing industry, environmental concerns, strict supplier agreements and other external factors negatively impacting the industry. USA Mortgage Corp. understands these challenges and has created special purpose gas station financing to meet the individual needs and requirements of its clients. Gas Station Financing.

Eligible Property Types - Properties eligible for USA Mortgage Corp.'s gas station commercial real estate loan program should be of above average condition, environmentally compliant and located in medium and above market sectors. Loans Must be Secured by Real Estate - No Business Only Financing - Brand or Non-Branded OK Owner Operated or Investor Gas with C-Store OK Programs Available for Full-Service Stations SBA and Non-SBA Programs Established Businesses Only - No Start Ups.

Gas Station Commercial Loans - Program Highlights

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Minimum Gas Station Commercial Loan Size $500,000

15, 20, 25, & 30 Year Amortizations Fixed and Variable Rate Options

LTVs Range Between 55% - 85%

Flexible Prepay Options Full Document

Only Minimum 640 Credit Score

2 Year Seasoning for Refinances Full Recourse Guarantee Required





Initial Gas Station Loan Documentation Requirements To consider a request for financing, USA Mortgage Corp. requires the following documentation:

• 3 Years Business and Personal Tax Returns
• Personal Financial Statement Dated Within the Past 60 Days
• Business Interim Financial Statements
• Supplier Agreement Franchise Agreement if Applicable
• Phase 1/Phase 2 Report AR/AP Schedules Purchase Agreement if Applicable Borrower's Credit Report
• Borrowers may pull their own credit report and submit with loan application package. Report must show all three bureau scores. USA Mortgage Corp. will pull credit prior to approval.
• Statement Addressing Negative Items on Credit Report if applicable.