Gas Station Loan | Gas Station Financing

PetroMAC's loan products for petroleum marketers, C-stores and franchisee operators

Business Only Transactions

Business only transactions are for operators only purchasing or refinancing the actual value of the business with no real estate involved. Operators traditionally lease property from the oil company, jobber or landlord.

Types of Financing

Acquisition (Going concern and equipment)
New Construction or Renovation
Leasehold improvements
Machinery and Equipment

Loan Amounts

$250,000-$1,000,000

Terms

5, 7 or 10 Years for Good Will, Machinery and Equipment

Interest Rate

Prime + 1.75% -2.75%

Loan To Value:

50 - 70%

Prepayment Penalties

1st Year 5%, 2nd Year 3%, 3rd Year 1%

Fees:

None to minimal lender fees
Packaging fee/good faith deposit
Customary closing costs

Eligibility

US Citizen or resident alien
Good credit/character
Management experience
Reasonable financial statement or credible projections

Collateral

First lien on machinery, equipment and inventory
Additional outside collateral is necessary if lease-hold improvements are substantial.

Quick Response

Loan decision made within 2 weeks of receipt of completed application.

Business only transactions are typically more difficult to have approved because of the lack of collateral involved. In recent years, more emphasis has been placed on lending to borrowers with verifiable direct experience in the industry. Borrowed equity from other sources or from home equity loans typically will make a loan approval more problematic. Expect to pledge additional collateral if collateral is available.

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

PetroMAC loan request form (You can also submit online here)
Personal Financial Statement
Completed Tri-Merged Credit Report or Credit Authorization
2008 business financials (Seller/Borrower, if available)
2009 Year-To-Date business financials (Seller/Borrower, if available)
Last three years fuel gallonage (Seller/Borrower)

So what are you waiting for? You can conveniently 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”

(202)478-0230 Voice
(202)478-1811 Fax
http://petromac.com
info@petromac.com