Gas Station Feasibility Study in the Olympia-Lacey-Tumwater, WA Metro Area

What SBA's own loan files show about gas station and truck stop lending in the Olympia-Lacey-Tumwater, WA Metro Area, and what a feasibility study for a project there has to test.

Gas station lending in Olympia-Lacey-Tumwater: where the area stands

44 SBA loans worth $96.1 million were approved in Olympia-Lacey-Tumwater, WA from FY2017 to FY2026, a rank of 27 of 600 among metro and micro areas. Counting gas station loans, Olympia-Lacey-Tumwater stands at 6.08x the share seen nationally: Olympia-Lacey-Tumwater tilts to the class. Inside Olympia-Lacey-Tumwater, the class ranks 2 of 39, a core business. Each Olympia-Lacey-Tumwater project county is in WA.

The median Olympia-Lacey-Tumwater loan comes to $2.0 million, with its middle half between $1.4 million and $3.0 million. That median is 1.91x the class median nationally, so Olympia-Lacey-Tumwater borrowers take larger loans. Loan Analytics withholds the program split for Olympia-Lacey-Tumwater. Thin counts sit under Olympia-Lacey-Tumwater's split; Olympia-Lacey-Tumwater silence is not nil. Olympia-Lacey-Tumwater's franchise share of loans stands at 63.6%, brand reliance in brief. Olympia-Lacey-Tumwater borrowers can read that as context.

Gas station lenders in Olympia-Lacey-Tumwater

On the 7(a) side in Olympia-Lacey-Tumwater, the holders on record, by loans, are Readycap Lending, LLC, with 10 loans worth $27.1 million; Hanmi Bank, with 8 loans worth $19.3 million; and PCB Bank, with 6 loans worth $15.4 million. No 504 holder is listed for Olympia-Lacey-Tumwater. Each Olympia-Lacey-Tumwater row is an SBA record. Olympia-Lacey-Tumwater lenders hold or held these loans. Olympia-Lacey-Tumwater rows speak to files, not policy. No Olympia-Lacey-Tumwater row says what a lender requires. In Olympia-Lacey-Tumwater, by county, Thurston County, WA records 44 loans.

SBA prints these yearly approvals for Olympia-Lacey-Tumwater: FY2017: 5 loans, $5.4 million, FY2021: 5 loans, $9.5 million, FY2022: 6 loans, $18.6 million and FY2024: 9 loans, $22.7 million. The years left unprinted are not published for Olympia-Lacey-Tumwater, as counts are thin, and a Olympia-Lacey-Tumwater blank is never a zero. The Olympia-Lacey-Tumwater cancellation floor is withheld. Too few Olympia-Lacey-Tumwater approvals exist to print one. For Olympia-Lacey-Tumwater, no charge-off floor is printed. In Olympia-Lacey-Tumwater, a thin cohort means unpublished. The Olympia-Lacey-Tumwater totals follow the 2023 federal definition, so each Olympia-Lacey-Tumwater loan is placed by county, while Olympia-Lacey-Tumwater leaves out unplaced counties. The code reflects the borrower's industry, so a Olympia-Lacey-Tumwater travel center or truck stop stay merged with stations, while electric vehicle charging is not broken out.

Olympia-Lacey-Tumwater: testing a gas station project

Olympia-Lacey-Tumwater, WA: gas station lending is a backdrop, not a forecast. Olympia-Lacey-Tumwater lenders need the study to show canopy, tank and pump replacement cycles. For Olympia-Lacey-Tumwater, the study should address fuel supply terms and any brand contract. A Olympia-Lacey-Tumwater study begins by testing traffic counts at each approach. For Olympia-Lacey-Tumwater, we would first examine tank records and site environmental history. Olympia-Lacey-Tumwater reviewers will check competing stations along the road. Olympia-Lacey-Tumwater tests demand, cost, coverage and value. Olympia-Lacey-Tumwater lenders receive a file to examine.

SBA gas station and truck stop loans in the Olympia-Lacey-Tumwater, WA Metro Area

Loans approved, FY2017 to FY202644
Gross dollars approved$96.1 million
Median loan$2.0 million
Middle half of loans, from$1.4 million
Middle half of loans, to$3.0 million
SBA 7(a) loanswithheld
SBA 504 loanswithheld
Franchise share of loans63.6%
Rank among metro and micro areas for gas station and truck stop loans27 of 600
Rank of gas station and truck stop among the classes in this area2 of 39
Location quotient (share of loans against the national share)6.08x
Median loan against the national median for the class1.91x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA gas station and truck stop loans approved in the Olympia-Lacey-Tumwater, WA Metro Area, by fiscal year

0246810FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Loans, FY2017: 5Loans, FY2021: 5Loans, FY2022: 6Loans, FY2024: 9
Fiscal yearLoansDollars
FY20175$5.4 million
FY2018withheldwithheld
FY2019withheldwithheld
FY2020withheldwithheld
FY20215$9.5 million
FY20226$18.6 million
FY2023withheldwithheld
FY20249$22.7 million
FY2025withheldwithheld
FY2026withheldwithheld

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
LenderLoansDollars
Readycap Lending, LLC10$27.1 million
Hanmi Bank8$19.3 million
PCB Bank6$15.4 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

CountyLoans
Thurston County, WA44

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

The code is the borrower's industry. Truck stop or travel center cannot be split out. EV charging has no entry in the 2022 NAICS index.

Shared code: Truck stops and travel centers sit inside 457120 with gas stations that have no convenience store.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-36500-C01.

Loan Analytics prepares the feasibility study a lender reads before it commits: for a gas station and truck stop project in the Olympia-Lacey-Tumwater, WA Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

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