Gas Station Feasibility Study in the St. Louis, MO-IL Metro Area

A big metro, a quotient below one

St. Louis holds 36 of 600 among areas for gas station and truck stop loans, and gas station and truck stop holds 11 of 39 among St. Louis's classes. 34 approved loans, worth $40.9 million in all, fall in FY2017 to FY2026. At 0.67x, St. Louis puts a thinner slice of SBA lending into gas station and truck stop loans than the national mix does.

Median loan size is $957,000, which is 0.91x the national median over the gas station and truck stop class, and a middle band reaches from $587,750 up to $1.7 million. Brand affiliation covers 44.1% of the St. Louis loans. St. Clair County, IL and St. Louis city, MO have 8 loans each, and St. Louis County, MO has 6. This cell leaves out the way these loans split between the two SBA programs here in St. Louis. All above describes SBA loans in St. Louis; other funding for gas station and truck stop projects in St. Louis sits outside these figures.

Holders

The Bank of Houston appears with $9.4 million spread over 8 of the 7(a) loans, and Celtic Bank Corporation with 5, carrying $7.5 million. These are lines about loans each institution holds or held, not accounts of how it lends, and they show that holders need not sit inside St. Louis area.

A lender weighing a request in St. Louis sees a metro that spans two states and several counties, with loans split almost evenly among three jurisdictions, so a site's county matters as much as its metro. A borrower can use St. Louis's middle band as a map of what has closed and should be prepared to explain anything above it. Holders can sit far from the site, so a study should be written for readers who do not know the corner it describes.

Two years print: FY2020: 6 loans and $7.4 million, and 8 loans worth $7.8 million in FY2021. Loan Analytics holds back St. Louis's both outcome rates given that the St. Louis FY2017 to FY2021 group has fewer than 30 loans, a size our cut-off cannot publish for St. Louis. A missing rate in St. Louis is never a zero.

Testing a project in St. Louis

For a fuel site in the St. Louis area, study how traffic reaches the lot, whether the access works, and how fuel margin and inside sales compare with the cost of building. The loan payment should be tested near $957,000. Say which format is being tested, since the code mixes truck stops with stations that have no shop, and say how an appraisal will treat the real estate and the business. The federal county list defines St. Louis, so loans from counties St. Louis does not place are dropped from its totals.