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
Free Consultation
Complete the form below to register for Free Consultation.
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Need More Information
Call Us:(877) 373-4467
Email Us: info@iloanmortgagelending.com
Apply: Click Here