arabic Korean, coming soon.. Hindi, coming soon.. Punjabi, coming soon.. Français, coming soon.. Español, coming soon.. Hebrew, coming soon.. Russian, coming soon.. Farsi, coming soon.. Want to buy a gas station? Contact PetroMAC for a gas station loan.
 
Acquisition Financing Document Checklist

Transaction Summary

q      PetroMAC Loan Questionnaire (Previously filled out)

q      Executive Summary (purpose of loan with history of business)

q      Estimated Use of Proceeds

q      Purchase Agreement (Signed and executed)

q      Interior and Exterior Color Photos of Property

q      Fuel Supply Agreement

q      Pro forma projection with assumptions for 1st 2 years

q      Secondary Financing Agreement (Fuel Supplier/Seller, If Applicable)

q      Articles of Incorporation & Federal By-Laws for company to be financed

q      Copy of Recent Appraisal, Survey, and Environmental Report (If available)

 

Borrower/Buyer Information

q      Personal Financial Statement dated within 30 days (for all who own 20%+) (Previously filled out)

q      Last Three Years Personal Federal Tax Returns (for all who own 20%+)

q      Copy of drivers license, social security card or passport and green card front & back (if applicable)

q      Complete last 3 years corporate federal taxes, three year financials and YTD financials on all affiliates (If applicable)

q      Gallonage for all affiliates for past 3 years and YTD (If applicable)

q      Last Three Months Bank Statements (Or show source of equity infusion)

q      Personal Income and Expense Analysis (for all who own 20%+)

 

Seller Information

q      Year-To-Date Corporate Financial Statements (income statement & balance sheet)

q      Last Three Years Corporate Financial Statements

q      Last Three Years Corporate Federal Tax Returns, all pages

q      Gallonage for past 3 years and YTD

q      List of assets/equipment to be purchased

q      Environmental Questionnaire

q      Certification of Underground Storage Tank registration

q      Most recent tank tightness test

 

When appraisals are ordered, the Appraisal Questionnaire is filled out before ordering the appraisal.  This usually cuts down the time to have the appraisal done significantly. The form should be thoroughly filled out.

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

  1. PetroMAC loan request form (You can also submit online here)
  2. Personal Financial Statement
  3. Completed Tri-Merged Credit Report or Credit Authorization
  4. 2008 business financials (Seller/Borrower, if available)
  5. 2009 Year-To-Date business financials (Seller/Borrower, if available)
  6. 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



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info@petromac.com

 

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gas station funding

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

PCI equipment financing

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



BROKERS!!! Read here to learn how to work with PetroMAC on your loans.

Learn all the wonderful things you didn't have a clue about Phase I and Phase II Environmentals from Met Labs



jobber financing

What type of financing is right for you? SBA? Conventional? Short Term? Find out here!

Listen to Tony Amato at Amato Commercial Group about what you should look for when purchasing a gas station or convenience store.



Fixed rate financing with long term amortization is finally here! Click here to learn more.



How do I even apply for a loan? What forms do I need? Look here!!!!

View our article in the June 05 issue of the Scotsman Guide on financing gas stations and convenience stores


buy gas station

Click Image To View A Short Video About The PetroMAC Loan Submission / Underwriting Process



We buy notes and portfolios… click here for more info

Listen to Bobby Stanton and learn how to make your store more profitable here.



Associations that cater to the C&G industry:

pmaa.org
ssda-at.org
sigma.org
nacsonline.com
pei.org

Learn here about SBA 7(a) financing, the good, the bad and the ugly.



Subscribe to our free newsletter “The Pumper” and stay informed of industry trends to make your business more profitable

Companies that specialize in auctions for gas stations and convenience stores:

Matrix Capital
matrixcapitalmarkets.com

NRC
nrc.com/home/index.php

Tranzon
tranzon.com

Can I get just a business only or good will financed? Listen here:



Oil company corporate sites:

ARCO
arco.com

BP
bp.com

Citgo
citgo.com/Home.jsp

Chevron
chevron.com

Conoco/Phillips
p66conoco76.conocophillips.com

Exxon
exxon.com

Hess
hess.com/index2.aspx

Mobil
mobil.com

Sinclair
sinclairoil.com

Sunoco
sunocoinc.com/site

Texaco
texaco.com

Valero
valero.com


I prefer conventional financing. How can I qualify? Listen here:



Everything you ever wanted to know about Underground Storage Tanks and environmental issues but were afraid to ask:

UST Information
UST FAQ
Environmental Glossary
Environmental Protection Agency
(epa.gov)

What kind of documents do we need to buy or refinance a gas station or convenience store? Click HERE.

Listen to about the documentation you will be supplying and why it is so important:



Want to have HUGE vocabulary of words for commercial lending, leasing, petroleum and environmental terms that you'll probably never need or use? Check these out...

Petroleum Glossary
Commercial Lending Glossary
Environmental Terminology
Leasing Glossary

Need a hard money loan? Listen to see how you can qualify.



Click Here to test your banker to see how much THEY know about the industry. If they can't pass with 70%, Run Forrest Runnnn!!!!!

Need to sell a note or portfolio? Listen to see if your deal may qualify.



Oil companies have surplus properties. Want to get on their list? Click here to subscribe

Learn about common mistakes marketers make with fuel supply agreements



I'd like to apply for a loan. You can apply conveniently online HERE or download the form HERE.

Faith promoting rumors about getting a gas station loan:



How do we contact PetroMAC? Click here to contact us.

Listen how to properly submit for prequalifying and full underwriting:



Want some cool gas station stuff? Visit:

OldGas
oldgas.com

Industry Links:

American Petroleum Institute [API]
api.org

National Association of Convenience Stores [NACS]
cstorecentral.com

Petroleum Marketers Association of America [PMAA]
pmaa.org

Society of Independent Gasoline Marketers of America [SIGMA]
sigma.org

Petroleum Equipment Institute (PEI)
pei.org

Service Station Dealers of America (SSDA)
ssda-at.org


(202)478-0230
(203)547-6300
(801)406-0100