SBA 504 Gas Station Feasibility Study in Florida

Gas station and truck stop borrowers under SBA 504 in Florida

Florida borrowers received 40 SBA 504 approvals for gas station and truck stop during FY2017 to FY2026, a gross $42.9 million. State rank for gas station and truck stop loan volume is 5, and within Florida the class stands 16 of 39. The typical Florida gas station and truck stop ticket, $856,500, sits close to the national median for gas station and truck stop under SBA 504 (1.00x), and half of approvals land between $592,750 and $1.3 million. Franchise-flagged gas station and truck stop loans make up 65.0% of the Florida cell.

Lenders and counties in Florida

Florida gas station and truck stop holders: Florida Business Development Corporation, 20 loans, $20.8 million | Florida First Capital Finance Corporation, Inc., 17 loans, $18.3 million. Gas station and truck stop holder names are SBA's. In Florida, Bay has 5, Pasco has 4, Miami-Dade has 3, Palm Beach has 3 and Indian River has 2 gas station and truck stop loans.

The FY2017 to FY2026 gas station and truck stop run

For Florida gas station and truck stop, year by year, FY2019 is busiest, with 7 loans and $4.7 million; FY2017 had 1, FY2024 had 5 and FY2026 had 3.

Florida cancellations and charge-offs

In Florida, at least 30.3% of FY2017 to FY2024 gas station and truck stop approvals were cancelled once approved; counting undisbursed gas station and truck stop loans as cancelled lifts it to 33.3%. The charge-off rate for Florida is withheld, because the early cohort has under 30 loans and Loan Analytics does not print a rate on so small a base; a missing number is not a clean record for FY2017 to FY2021.

Florida fuel sites under SBA 504

A fuel and convenience loan under SBA 504 puts the corner itself at issue. A Florida study should show traffic, access, competitors, and the mix of gallons and inside sales, then address storm readiness, tank condition and the cost of any remediation. Cost of land and construction belongs against the $856,500 median, with coverage tested at a lower gallonage. Appraisers separate the business from the real estate, so a lender needs to see what the site would be worth to another fuel operator.

Florida fuel sites: limits of the code

Travel centers cannot be carved out of stations lacking a store, and electric charging is absent from the national industry index; a Florida site built around either needs separate proof.