Gas Station Loans: For many small business entrepreneurs, opening a gas or service station is the most common and popular choice. Many gas station owners generate additional revenue from convenience store products, small auto repairs and car maintenance services. Automotive fuel and service technicians will be in demand forever. Personal transportation will never go away and the need to maintain and service these vehicles will never go away either. We all need a capable and trustworthy automotive technician to help us keep our cars well maintained at a fair price and to advise us when our vehicles need attention.
As with most all commercial loan lending, acquiring a loan for a gas service station can be challenging. The very important factors such as environmental insurance and local regulations can become a boundary for getting the business planned and started. Many lenders tend to reject gas station loan applications for those very reasons. Leasing agreements and predicted revenue can also be a burden.
Gas stations, auto repair service and body shop loans for financing acquisition or refinances are easy with RMC Funding. You have the ability to select from a variety of rates and terms for your businesses financial debt structure. We can arrange lenders for up to 90% CLTV of the purchase price or 70% to 80% of real estate value for refinancing.
Gas station commercial loans are designed for gas stations, service stations, gas, c-store and other coincidental property types located in all states. Gas station commercial property loans are available for the acquisition or refinancing of above average condition properties.
In recent years, gas station financing has became more and more difficult due to a dynamic and ever changing industry, environmental concerns, strict supplier agreements and other external factors negatively impacting the industry.