Petro Lending


The best loan can for a gas station/c-store can always be found at a local bank where the customer already has a depositor relationship.  In most cases however, this bank will not make that loan because gas station/c-stores are excluded from their lending portfolios.  In this case, the secondary market provides the best solution for financing.  It is important to work with a funding source that focuses on petro lending because it is a highly specialized form of lending.  We can arrange this financing but all borrowers should be aware that arranging this financing can be a paper intensive process.

 

To acquire a letter of interest on your loan, please provide the following items:

  • Loan Questionaire - click here
  • Executive Summary (purpose of loan with history of business
  • Interior and Exterior color photos (digital preferred)
  • Fuel supply agreement
  • Proforma
  • Articles of incorporation and by-laws
  • Personal financial statement of borrowers owning 20% or more - click here
  • Copy of lease - if applicable
  • Management resume
  • Credit report for any owner of 20% or more
  • YTD Profit and Loss printout
  • Last 3 years Profit and Loss printout
  • Last 3 years business tax returns
  • Last 3 years personal tax returns - for all owning 20% or more
  • Gallonage for subject and affiliates for last 3 years
  • Environmental questionaire - click here
  • Underground Storage Tank Registration
  • Most recent tank tightness test - if available
  • Most recent appraisal - if available



 



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