PETROMAC - We Pump Capital Into YOUR C-Store
 
 

Petroleum Glossary

Amortization-When an oil company offers up front cash to induce an independent dealer to brand with that oil company. Normally, as long as the dealer continues to purchase product from that company, the money does not have to be paid back. It is amortized over the term of the contract, which is typically a ten-year agreement.

AUTO-Automotive United Trades Publication

Backroom-Term used for the  service bays where cars are repaired.

Branded Fuel-Retail fuel sold under a major brand name (i.e. BP, Chevron, Shell)

C-store-Convenience Store-According to the National Association of Convenience Stores (NACS), the definition of a convenience store is as follows: 1)While building size may vary significantly, typically the size will be less than 5,000 ft; 2)Have off-street parking and/or convenient pedestrian access; 3)Extended hours of operation with many open 24 hours, seven days a week; 4)Stock at least 500 stock keeping units (SKU s); and 5)Product mix includes grocery type items, and also includes items from the following groups: beverages, snacks (including confectionery) and tobacco.

Canopy-The structure covering the pump islands

Company Controlled-see Lessee/Lease Dealer

Company-operated-see Salary Operation

Contractor-operated-see Lessee/Lease Dealer

CRIND-Card Readers in Dispenser. Originally a Gilbaco (manufacturer) term, now used generically.

DTW-Dealer Tank Wagon-Wholesale price of gasoline delivered to a retail outlet (transportation costs are included)

Direct Operating Retail-See Salary Operation

Direct Serve Dealer-see Lessee/Lease Dealer

Distributor-see Jobber/Wholesaler

Downstream Operations-Operations concerned with oil refining, transportation and gasoline marketing.

EPOS-Electronic Point Of Sale

Hypermart-A large retail or wholesale outlet selling durable goods (e.g. appliances, hardware and electronics), soft goods (i.e. clothing) and groceries. Retail examples include Fred Meyer and Wal-Mart Supercenters, while Costco is an example of a wholesale hypermart.

Independent marketer-A petroleum retailer not affiliated with a major brand.

Independent Refiner-A petroleum refining company that is not a major brand.

Islands-pump islands typically have one or two MPD s.

Jobber/Wholesaler-A local company that owns or supplies properties with petroleum products obtained from local supply points (wholesaler); or by a third party, non oil company(i.e. convenience store chain such as Southland or Quik Trip) that sells gasoline, does not produce product, and usually buys at the branded or unbranded rack or or is supplied indirectly.  May or may not own and operate retail outlets.  Also known as a distributor or marketer.

Lessee/Lease Dealer-The dealer owns the business. A major or regional oil company or a distributor owns the land and building (i.e. gas station) and leases it to a dealer. The dealer operates the location and pays rent to the owner (as opposed to an open dealer that owns the property). This arrangement gives the oil company or distributor a guaranteed supply outlet for their petroleum products, pursuant to a supply contract. A typical lessee dealer operates 1-2 stores and does not wholesale gasoline. Also known as company controlled, contractor-operated, and direct serve dealer.

Marketer-Any company or person that retails (sells) motor fuels. May or may not sell branded gasoline.

Majors-Large multinational oil companies involved in all aspects of oil production, including both upstream and downstream activities.

MPD s Multiple Product Dispenser- many people believe these to be pumps. Most MPD s have six hoses and dispense all three grades of fuel.

OPEC-Organization of Petroleum Exporting Countries, oil producing and exporting countries that have organized for the purpose of negotiating with oil companies on matters of oil production, prices, and future concession rights. Current members are Algeria, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.

Open Dealer-An individual (who may own several properties that retail gasoline products) owns and operates the building/facility/property (as opposed to a lessee dealer who does not own the property). The typical open dealer operates between 1 and 10 locations. A major or regional oil company, or a large local wholesaler supplies the facility directly. Open dealers can evolve into a distributor if they achieve a large enough volume.

POS system-Point of sale computer systems, which typically include bar code scanners, automated price look-up, and inventory tracking components

Phase I Environmental Review-Typically involves the review of previous uses of the subject property and of other properties in the immediate vicinity, a site inspection and report on findings by a qualified engineering/environmental firm. This report includes recommendations for further testing, if deemed necessary.

Phase II Environmental Review-Required if the Phase I review uncovers potential environmental problems. Among others, procedures typically included at this stage are subsurface soil and water sample tests.

PMPA-Petroleum Marketing Practices Act. Federal law offers certain protections, somewhat similar to franchise protection laws. Keep in mind that some oil companies are technically franchisers, for example, Arco AM/PM, Texaco Star mart and Jackpot Convenience Stores. Franchisers must comply with state and federal franchise laws as well.

Pooled Margin-Weighted average cents per gallon from all fuel grades, usually with the exception of diesel.

Rack price-Price at which the majors and independent refineries sell branded or unbranded gasoline to jobber/wholesalers. It is related to the commodity spot price, but adjusted for transportation, overhead, and profit.

Retail price-petroleum price set by a marketer selling to the general public.

Salary Operation-A major or regional oil company owns the building/facility and business. The company pays a salary to the managers/proprietors and usually produces and supplies petroleum products to the location. Also known as company-operated and direct operating retail.

Service bays-Where auto repair is done at a service station.

Shrink-Inventory/merchandise loss resulting from theft, spoilage, short deliveries, etc.

Spot Price-petroleum price on the commodity market. Rack price is based on the spot price.

Starting gate-A modern design of positioning pump islands so that cars are facing the c-store while refueling.

Stock keeping unit (SKU)-A number given to each item (by category and brand) stocked in a retail outlet for inventory and tracking purposes.

Store margin-Profit margin in convenience stores, typically ranging from 30% - 35%.

Supply contract-The agreement a dealer makes with a supplier to secure fuel.

TBA-Tires, batteries and accessories.

Terminal-A physical storage facility for petroleum products, typically supplied through a pipeline from a refinery, where jobbers/wholesalers purchase and obtain gasoline at the rack price.

Throughput-Refers to the sale of gasoline or other petroleum products, and is usually measure in gallons.

Traditional operator-A convenience store operator whose roots are in convenience retailing rather than petroleum products. Gasoline operations were either de-emphasized or non-existent when the company was founded.

Unbranded fuel-Retail fuel not sold under a major brand name. Typically sold by an independent marketer under the marketers private label or with no name attached.

Underlying Ground Lease-While the 3 year oil company is typically treated as a long term lease, because of the provisions in the PMPA, if the oil company does not own the land, a buyer must look to who owns the land and what the terms of the underlying ground lease are. The oil company may have only 5 years left on their land and therefore, have no obligation to the dealer beyond that 5 years.

Upstream Operations-Operations concerned with oil exploration and production

UST-Underground Storage Tanks. Term is frequently used in environmental protection.

Wholesale Sales-Sales of refined products to purchasers who are other than ultimate consumers, i.e. sales for resale. The Energy Information Administration blends rack, bulk, and DTW price to create wholesale price.

To prequalify for financing, download the following forms and provide the following information and fax to (202) 478-1811 or email to info@petromac.com:

  1. PetroMAC Loan Request Form (You can also submit online here)
  2. Completed Tri-Merged Credit Report or Credit Authorization
  3. 2013 Business Financials (Seller / Borrower, if available)
  4. 2014 Year-To-Date Business Financials (Seller / Borrower, if available)
  5. Last Three Years Fuel Gallonage (Seller / Borrower)

So what are you waiting for? You can convenienently apply online for a loan here or download the prequalification form here.  First time inquiries should inquire at info@petromac.com.  Let us prove to you that PetroMAC truly "pumps capital into YOUR C-store."

 

 

 

 
Loan Submission

 Process

Gas Station Convenience Store Loan Submission

Click Image To Learn About The Loan Submission Process

 

 
    Mortgage Brokers
 

Click Here

 

 

Gas Station Loans Mortgage Brokers

 

 

 

 

 

 

 



 Oil Company Websites

ExxonMobil

Shell

BP

ARCO

Chevron

Phillips 66

Conoco

Valero

Citgo

Sunoco

Hess

Marathon

  

 

 

Gas Station Construction Financing Loans

 

Truck Stop Loans Financing

 

Petroleum Jobber Financing

 

 

Why Use PetroMAC

 

 Fixed Rate Financing For Gas Stations

 

Frequently Asked Questions - FAQ

 

Apply Online For Gas Station Financing

 

Contact PetroMAC

 

 

 

  

 

 

Low Fixed Rate Financing

 

 

 

 

 


NEW 4.5%
FIXED RATE FINANCING
For more info email
info@petromac.com

Gas Station Pre-Qualifying

Click Image To View A Short Video On How To Pre-Qualify For Financing

I don’t have time to read all of this! I just want to apply for a loan! Please click here

Read here the most
Frequently Asked Questions about
obtaining financing

Find out why gas station and convenience store appraisals are different than other commercial properties from Joe Anderson at PetroVAL



What Type Of Financing Is Right For You Or Your Client?
Click Here To Find Out!

Want some cool gas station stuff? Sign Up below:

CONTACT US:
(202)478-0230

info@petromac.com

 Learn Everything You Needed To Know About Environmentals But Didn't Want To Ask!

 

Listen To Tony Amato About What You Should Look For When Purchasing A Gas Station Or Convenience Store.

 

Listen To Industry Veteran Bobby Stanton About What You Can Do To Make Your Store More Profitable.

 

Learn The Good, The Bad And The Ugly About SBA Financing

 

I Really Prefer Conventional Financing.  Is It Better Than SBA Or Less Expensive?

 

Can I Get Private Or Hard Money Financing? Is It Rate And Fee Prohibitive?

 

Is Business Only Financing Availalble? What Are The Criteria?

 

What Documentation Is Normally Necessary For Traditional Financing?

 

Can You Get Gas Station / Convenience Store Financing If You Don't Have Great Credit?

 

Presentation Is Half The Battle In Getting A Loan Approved.  We're Not Mind Readers!

 

Why Does It Take SO LONG To Be Approved At Times?

 

 What Is Global Debt Service Coverage And How Does It Relate To You If You Have Multiple Businesses

 

What Is The Difference Between Loan-To-Value (LTV) and Loan-To-Cost? This Is A MUST Know!

 

Can You Have A Seller Held Second? What Makes Them Attractive And Unattractive

 

Don't Forget Closing Costs, Working Capital And Inventory Or Your Deal Might Not Be Approved!

 

Can Lenders REALLY Make The High Loan-To-Value (LTV) Loans They Claim They Can?

 

Find Out How Much You Know About The Petroleum Business And If You Pass

What Type Of Financing Is Right For You Or Your Business?

 Discount Electricity

Click Image Above To Learn About Discount Electricity For Dealers And Their Customers!

Car Wash Loans

 

Click Here For Gas Station Realtors

 

Click Here For Gas Station Appraisers

 

Click Here For Environmental Companies

 

 

 

 

 

 

 

 

 

cheap jordans louis vuitton outlet louis vuitton outlet sport blue 6s louis vuitton outlet louis vuitton outlet retro jordans retro jordans for sale kate spade outlet kate spade outlet louis vuitton outlet wolf grey 3s wolf grey 3s sport blue 3s jordan 3 sport blue sport blue 3s jordan 3 wolf grey louis vuitton outlet lebron 12 coach outlet online