Top Banks for Gas Station SBA Loans

Last update: Feb 3, 2022

 

  find me a gas Station lender

Almost all of the gas stations in the United States are owned and operated by independent business owners who set their own price. According to the NACS, only .4% of gas stations in the country are company-owned and operated by the five major oil corporations.

Obtaining financing for this business can be complicated but fortunately, SBA gas station financing is available for business owners who want to acquire a new or expand an existing gas station from some of the largest SBA lenders.

The SBA 7(a) loan can cover the costs of new construction of a gas station, refinancing of an existing loan or for acquiring an existing gas station. We’ve put together a list of the top SBA lenders that provide SBA gas station financing:

RankBankCityState# of LoansAvg Loan $Avg Interest
1Celtic BankSalt Lake CityUT89$2,107,5365.7%
2First IC BankDoravilleGA85$1,445,2244.5%
3Wallis BankWallisTX72$1,849,5195.0%
4Readycap Lending, LLCBerkeley HeightsNJ61$1,769,8235.1%
5Commonwealth Business BankLos AngelesCA59$1,684,1024.9%
6Byline BankChicagoIL51$1,238,2125.9%
7Open BankLos AngelesCA48$1,844,4484.9%
8Pacific City BankLos AngelesCA40$2,102,3004.7%
9Citizens BankElizabethtonTN38$1,280,5165.3%
10Enterprise Bank & TrustClaytonMO28$1,463,4045.3%

 

  find me a gas Station lender