Small business owners in the gas station industry often face challenges when seeking out financing solutions for their service stations. Conventional lenders like banks and credit unions can be a significant barrier to growing your business. Although you might feel like your options are limited, with AdvancePoint Capital on your side, you’re in luck! We are a reliable online lending marketplace with an impressive range of practical business loans for gas stations.
The demands of running a gas station are far more complex than most people might expect. However, AdvancePoint Capital has plenty of experience working with business owners in the industry. We provide exceptional customer support and individualized services to match you with the best business loan to suit your gas station’s current cash flow needs.
If you’re tired of the strict credit requirements and lengthy application processes typical of other lenders, look no further than AdvancePoint Capital. We’re the fast, simple way to start funding your service station with the premier loan products for gas stations. Contact us today for a no-commitment quote and get the cash your gas station needs now.
The 5 Best Gas Station Financing Options
If you’re looking to expand your gas station operation or simply need access to working capital to ease your financial strains, there are several attractive options offered in the marketplace at AdvancePoint Capital. Explore the best gas station business loans below before contacting our team of funding experts to take the first step in securing the gas station business loans you need.
Long-Term Business Loans
Highlights of a Long-Term Loan
- Repayment period of 2 to 7 years
- Monthly payments
- Low interest rates
- Large loan amounts
- Stricter credit requirements
Learn More About
Long-Term Business Loans
Short-Term Business Loans
Highlights of a Short-Term Loan
- Repayment period of 6 to 18 months
- Relaxed credit requirements
- Loan amounts from $10,000 to $500,000
- Limited paperwork
- Lower revenue requirements
- Same-day funding
Learn More About
Short Term Business Loans
Business Lines of Credit
Highlights of a Business Line of Credit
- No limits on the use of funds
- Flexible monthly payments
- Lower interest rates than business credit cards
- Great for seasonality
Learn More About
Business Line of Credit
Highlights of an Equipment Loan
- Low risk
- Costs based on principal and interest rates
- Financing for up to 60 months
- Fast approval
Learn More About
Small Business Administration (SBA) Loan Programs
Although the Small Business Administration (SBA) is not a lender like a bank or credit union, this government agency aims to assist small businesses with access to different funding options and loan programs. This federal agency offers a guarantee for SBA-approved lenders to take on more risk when providing funds.
SBA loan programs are popular for their excellent interest rates and terms. There’s plenty of flexibility for using your SBA loan funds, but first, you will have to secure an excellent credit score. We’ll help you explore every SBA loan program before deciding on a product that will work well for your furniture store’s needs.
Primary SBA Loan Programs
- SBA 7(a) Loan Program – As the SBA’s primary program, 7(a) loans are designed to give businesses that have a good track record the financial assistance they need for working capital, business expansion, and acquisitions.
- SBA 504 Loans – This term loan is a powerful loan program for economic development, providing businesses with avenues for obtaining funding while simultaneously promoting equity and economic growth. 504 Loans are typically used for significant working capital needs and can only be put towards fixed assets such as construction or commercial and mixed-use real estate purchases. This program is perfect for expansion or financing any outstanding debts on your furniture business.
- Economic Injury Disaster Loans (EIDL) – EIDLs assist small businesses after natural disasters like tornadoes, wildfires, or floods, as well as during nationwide disasters like COVID-19. Congress offers small businesses access to relief options through this emergency loan.
- Paycheck Protection Program (PPP) –Established in response to the COVID-19 pandemic, the SBA’s Paycheck Protection Program is a relief option that provides disaster loans to small businesses financially affected during the crisis.
Learn More About
Small Business Administration (SBA) Loans
Why Your Gas Station Needs Funding Now
There are many reasons you might seek out a loan for your gas station business. The most common reasons for obtaining gas station loans include:
• Working Capital
• Franchise Opportunities
• Cash Flow Shortages
• Emergency Expenses
If you’re struggling to meet the eligibility requirements of traditional lenders like banks and credit unions, AdvancePoint Capital can help. We offer an online marketplace of valuable gas station loan options for small business owners. Even with a poor business or personal credit history or a limited time in the gas station business, we can still easily find you the best gas station loan. Contact us today to learn more about our business funding products for gas stations.
Putting Your Gas Station Loans to Good Use
Gas Station Equipment
Your gas station likely requires specialized equipment for daily operations. In order to get your customers wherever they’re going, you need fuel pumps, car wash equipment, cash registers, power tools, and other gas station machinery.
Establishments that include service stations for oil changes and other automotive services will need additional tools and machinery too. Gas station loans and options like equipment financing are great for leasing or purchasing the equipment your small business needs to stay up and running each day.
The people who work at your gas station are the key to your success, so it’s crucial to pay them fairly for their hard work. Failing to meet your payroll can put you in an uncomfortable predicament as a small business owner, but luckily, you have options. Explore various gas station loans and get the funding you need to meet payroll demands and keep your highest-performing employees happy.
Expansion or Renovations
Gas station loans are also an excellent resource for renovating your existing establishment or expanding into a larger space. We offer financing options for gas stations to continue growing.
With our gas station loans, you can consider adding more fuel pumps, re-paving your parking lot, building a car wash, renovating your facilities, adding on more square footage, or expanding into a new space. Select from any of our small business loans for gas stations and get the funding you need to expand or renovate your existing gas station structure.
Emergency Maintenance and Improvements
No one likes to drive up to the fuel pump in a serious rush just to see an “out of order” sign. So, it’s vital to maintain your gas station and stay up to date with capital improvements to your establishment.
Gas station business loans are a great way to deal with unexpected issues or emergency expenses. You can find several financing options from our vast marketplace to make all of the necessary improvements to your gas station and keep your customers happy every time they visit the fuel pump.
Marketing and Advertising
Successfully advertising for gas stations is no simple task since there are many individual businesses in the industry. Still, there are a select few ways to get ahead of your competition. You can use the cash from your gas station loans to market your gas station with billboards on the highway, local print ads, television or radio commercials, and more.
Gas Station Convenience Store Inventory
If your gas station also includes a convenience store, you’re going to want to keep it well stocked with snacks and drinks for commuters and travelers who make the stop at your service station. Your gas station business can benefit from carrying a wide assortment of enticing (and even nutritious) snacks, such as:
- Coffee and tea
- Energy drinks
- Fresh fruit and veggie cups
- Roller food (hot dogs, breadsticks, taquitos, etc.)
- Packaged wraps and sandwiches
- Frozen food
- Household items
- Alcohol and tobacco products
In addition to the food, beverage, and household items you want to have on hand, your gas station will also need to consider cups, napkins, condiments, creamers, and other convenience store essentials for your customers. Gas station loans give you the working capital required to keep your gas station’s convenience store inventory full of fresh, delicious food and drinks and have household items in stock for on-the-go shoppers.
Why AdvancePoint Capital? Here’s What We Offer:
Experience – Our experts have spent years working with gas station owners. We understand the industry and know exactly what your business needs to succeed.
Expertise – With a vast knowledge of the gas station industry, our small business lending experts can easily match your business with the loan product that works best for your needs.
Efficiency – We know you don’t want to waste any more time waiting for approval from traditional lending outlets. We offer gas station financing options with lightning-fast approval for some in as little as 24 hours. Yes, it’s really that easy.
Reliability – We have received excellent reviews and feedback from gas station owners who have utilized our exceptional services. You can trust our experts to help you obtain the best business loan for gas stations of any size.
Options – Our marketplace of gas station financing products is impressive. There are so many products to pick from; You’ll always find the best business loan for your gas station at AdvancePoint Capital.
If you’re ready to continue growing your gas station or service station, start with AdvancePoint Capital. Fill out our simple online form to get started with a painless, straightforward loan application process at AdvancePoint Capital. Our online quotes are always no-cost and no-commitment, so you can shop for small business loans online, compare products, and settle on the perfect funding option for your gas station.
Go With AdvancePoint Capital to Fund Your Gas Station Business
Our small business financing experts have been funding gas stations in the service industry for years. With our impressive amount of experience and outstanding customer service, we can help you successfully obtain funding for your gas station business. Find the funds you need to buy equipment, stock your inventory, advertise, and stay up to date with necessary improvements using gas station business financing from our vast marketplace of loans.
If you like what you see in our selection of financing options, we can assist as you get started with gas station loan applications and help secure your gas station funding fast. Contact our team of experts today to explore the most outstanding options for gas station loans.