Gas Station Feasibility Study in the Memphis, TN-MS-AR Metro Area

A high quotient across three states

Among classes, gas station and truck stop comes in at 4 of 39 for Memphis; counting areas, Memphis is 38 of 600 for gas station and truck stop. The 33 approved loans, worth $43.0 million, came in between FY2017 and FY2026, 14 of them in Shelby County, TN and 10 in DeSoto County, MS. Measured as a location quotient, gas station and truck stop loans score 2.56x in Memphis, a larger share than nationally. The page labels no metric distinctive.

The 33 loans are all 7(a), while 504 stands at 0. The median is $1.0 million, or 0.97x the national median across gas stations and truck stops, and half of all loans fall from $705,100 to $1.9 million. A franchise brand attaches to 24.2% of the Memphis loans. Memphis: these totals count only SBA-recorded gas station and truck stop loans, so a study in Memphis should take them as one input among several for gas station and truck stop.

Three holders, even dollars

$10.0 million of the 7(a) loans, 8 in number, sit with Pinnacle Bank (TN), Renasant Bank with 7, totalling $10.9 million, and Citizens Bank (TN) with 6, carrying $10.6 million. Dollars spread fairly evenly over the three. The record is of holding, not of lending method.

The page shows four years: 5 loans worth $5.8 million in FY2017, FY2021: 13 loans and $20.0 million, and both FY2024 and FY2026 with no loans and $0. For Memphis, each year printed is complete, and zero means zero loans. Loan Analytics does not print Memphis's two outcome rates given that the Memphis FY2017 to FY2021 pool has fewer than 30 loans, a number our own rule will not rate for Memphis. A blank rate in Memphis does not mean none.

A fuel project in the Memphis area has to show why the trade area can carry another outlet when 33 are already financed. Revenue from fuel and the store is set beside build cost, and the payment is tested on a loan near $1.0 million. The code lumps truck stops and travel centers with stations that have no shop, so the study should state its own format. The federal county grouping defines Memphis; so loans from counties Memphis cannot place are excluded from the totals.

Two readings of Memphis's numbers

A lender can see that three institutions share most of the shown dollars and that every loan is 7(a), which narrows the precedent set to one program. A sponsor should read the middle band as the range of requests that have actually closed, and should expect questions about how a new outlet differs from the 33 already financed. Because Shelby County and DeSoto County dominate the county rows, a project outside those two counties has fewer examples to point to.