If You Are
Looking Petroleum Jobber Loans, Make Sure You Deal With Industry Professionals That Know All Areas of Petroleum
If you are a jobber or a multiple unit operator and you are looking for
petroleum jobber financing you probably know some of the challenges you face. Even though the credit markets have
thawed out a bit, the days of getting 100% financing through lenders years ago are long gone… and good riddance!
Conservative petroleum jobbers stayed in business and the ones that aggressively expanded faced the reality of
shrinking throughput due to increases in fuel prices and shrinking capital.
Years ago, many jobbers had lines of credit available with smaller banks or regional banks which
allowed them to expand and make acquisitions, restructuring of debts and equipment purchases. In past years, many
of the nationwide banks have shed a lot of gas stations and convenience stores from their portfolios. The sad thing
is, there have been many good, solid transactions in the market with excellent buyers / borrowers and there just
were few options available. Even worse is when lenders called performing loans. Imagine you've made all payments on
time. Imagine you've deposited tens of millions of dollars into a banks coffers, only to get a demand notice that
your note was due. Nice.
Transactions are still being done. The make sense deals are still being done. The advances just
are not as high (usually maximum 75% real estate / equipment ONLY, no good will) and the length of time to
underwrite is usually longer than what people were accustomed to years ago. Laws from regulatory agencies are
stricter now. Banks have to keep more money in reserve to lend than in previous years. In layman's terms, which
this means is, the bank can lend out less capital with the same amount of money in reserve, meaning logically they
will be more choosy on the projects they will lend on. Petroleum properties have never been and will never be on
the top of the most desired properties to lend.
In some respects, many of the same types of financing are available now that were years ago with
the exception of Commercial Mortgage Backed Securities (CMBS) instruments. It was this type of financing that led
to a partial meltdown in the market place by making financing easy and plentiful.
Depending on the size of your company, the following type financing options are available:
||Dept Of Agriculture Rural
||Private / Hard Money / Bridge
Conventional can be defined as either institutional financing from a
bank, insurance company, syndicate or other types. There really are no lenders today that do conventional financing
on a nationwide platform, at least in the sense where they specialize in petroleum financing.
Because people on the PetroMAC team are former jobber or oil company executives or former
petroleum lenders, we know about ALL facets of C&G and are qualified to advise in all areas, not only
financing, but operations and merger and acquisition activities.
To prequalify for financing, download the following forms and provide
the following information and fax to (202) 478-1811 or email to firstname.lastname@example.org:
Completed Tri-Merged Credit Report or Credit Authorization
2013 Business Financials (Seller / Borrower, if available)
2014 Year-To-Date Business Financials (Seller / Borrower, if available)
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 email@example.com. Let us prove to you that
PetroMAC truly "pumps capital into YOUR C-store