Seattle: gas station and truck stop

Seattle drew 257 gas station and truck stop loans worth $597.8 million between FY2017 and FY2026. Seattle places 4 of 600 nationally for the class on 257 loans; in Seattle, the class takes 3 of 39. In Seattle, a quotient of 2.35x makes the class far more common. Seattle is told apart by rank and a 2.35x quotient, not by size at $2.1 million.

$2.1 million is typical in Seattle, in a middle half $1.2 million to $3.3 million; against the national median that is 1.96x, well above it. Seattle lending ran 247 through 7(a) against 10 through 504. 66.5% of 257 Seattle loans are franchised.

Seattle's 7(a) table, 39 loans through Readycap Lending, LLC, $103.0 million; 32 through PCB Bank, $79.3 million; 29 through Commonwealth Business Bank, $56.0 million; 18 through Bank of Hope, $55.1 million; 16 through Mountain Pacific Bank, $46.5 million. Seattle's 504 table, 5 loans through Evergreen Business Capital, $7.4 million. Seattle: unnamed holders have under 5 loans. 257 loans in Seattle, by county: Pierce County, WA 96; King County, WA 89; Snohomish County, WA 72.

Cancellations in Seattle and charge-offs

In Seattle, cancellations took 15.6% or more of Seattle's FY2017 to FY2024 approvals. Seattle: undisbursed-loan ceiling withheld, not zero. Seattle withholds charge-off floor, not zero. Seattle floors rise as loans age. Of Seattle's 257 loans, the high year held 36 in FY2024 and the low year 15 in FY2020; FY2026 shows 21 loans and $61.8 million. Yearly loan counts for Seattle: FY2017 26, FY2018 24, FY2019 25, FY2020 15, FY2021 34, FY2022 23, FY2023 22, FY2024 36, FY2025 31, FY2026 21. Dollars by year: FY2017 $52.5 million, FY2018 $42.0 million, FY2019 $38.2 million, FY2020 $34.6 million, FY2021 $73.3 million, FY2022 $48.0 million, FY2023 $66.9 million, FY2024 $103.0 million, FY2025 $77.4 million, FY2026 $61.8 million.

Seattle: testing the project

Seattle saw approvals run from 15 in FY2020 to 36 in FY2024; for Seattle, plan for lean years. Seattle's quotient, 2.35x: count rivals by corridor. Across 257 loans, gallons and sales in Seattle carries $2.1 million. Seattle: facing lean fuel, debt service holds with $597.8 million approved. For 257 loans in Seattle, canopy costs outside $1.2 million to $3.3 million need cases. For 257 approvals in Seattle, appraisers ask about tank history.

Seattle's 257 loans omit electric vehicle charging. 257 loans fall in Seattle by project county. Seattle follows July 2023 delineation by county. Seattle leaves out unplaceable counties. No census here: 257 loans give Seattle a guide only.

SBA gas station and truck stop loans in the Seattle-Tacoma-Bellevue, WA Metro Area

Loans approved, FY2017 to FY2026	257
Gross dollars approved	$597.8 million
Median loan	$2.1 million
Middle half of loans, from	$1.2 million
Middle half of loans, to	$3.3 million
SBA 7(a) loans	247
SBA 504 loans	10
Franchise share of loans	66.5%
Rank among metro and micro areas for gas station and truck stop loans	4 of 600
Rank of gas station and truck stop among the classes in this area	3 of 39
Location quotient (share of loans against the national share)	2.35x
Median loan against the national median for the class	1.96x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	15.6%
The same, counting loans still undisbursed as cancelled (a ceiling)	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 Seattle-Tacoma-Bellevue, WA Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	26	$52.5 million
FY2018	24	$42.0 million
FY2019	25	$38.2 million
FY2020	15	$34.6 million
FY2021	34	$73.3 million
FY2022	23	$48.0 million
FY2023	22	$66.9 million
FY2024	36	$103.0 million
FY2025	31	$77.4 million
FY2026	21	$61.8 million

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Evergreen Business Capital	5	$7.4 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Readycap Lending, LLC	39	$103.0 million
PCB Bank	32	$79.3 million
Commonwealth Business Bank	29	$56.0 million
Bank of Hope	18	$55.1 million
Mountain Pacific Bank	16	$46.5 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

County	Loans
Pierce County, WA	96
King County, WA	89
Snohomish County, WA	72

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-42660-C01.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a gas station and truck stop project in the Seattle-Tacoma-Bellevue, 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.

Daniel Smith, MAI

Gas Station Feasibility Study in the Seattle-Tacoma-Bellevue, WA Metro Area