SBA 504 Gas Station Feasibility Study in Georgia

Size and standing of the Georgia gas station and truck stop record

The Georgia gas station and truck stop cell holds 50 loans under SBA 504, $58.2 million in all, from FY2017 through FY2026. Georgia is 3 among states by gas station and truck stop loan count, while Georgia holds gas station and truck stop at 7 of 39 among its classes. Georgia borrowers took a median of $898,500, which is 1.04x of the figure that gas station and truck stop borrowers elsewhere receive, in Georgia, close to the SBA 504 norm for gas station and truck stop. The central half of Georgia loans starts at $636,500 and, for gas station and truck stop, tops out near $1.6 million; 58.0% of Georgia gas station and truck stop loans carry a franchise flag.

Georgia holders and counties

By gas station and truck stop loans approved in Georgia, Capital Partners Certified Development Company (20; $24.6 million); Florida Business Development Corporation (12; $11.9 million); Georgia Certified Development Corporation (7; $9.1 million) come first. SBA lists each Georgia gas station and truck stop holder as current. Geographically, Gwinnett (9), Cobb (3), Bibb (2), Chatham (2) and Cherokee (2) lead Georgia gas station and truck stop lending.

How the gas station and truck stop pipeline moved

Georgia gas station and truck stop approvals per year: FY2017 2 ($558,000), FY2018 3, FY2019 2, FY2020 4, FY2021 7 ($7.6 million); then for gas station and truck stop in Georgia FY2022 5, FY2023 6, FY2024 6, FY2025 8, FY2026 7. The top Georgia dollar year, $8.2 million, was FY2025.

How Georgia loans ended up

Georgia gas station and truck stop cancellations run at a floor of 31.4% for FY2017 to FY2024 approvals, or 40.0% if undisbursed gas station and truck stop lending is counted in. Charge-offs of Georgia gas station and truck stop loans are withheld: Georgia funded too few gas station and truck stop loans in Georgia, so no rate is printed in Georgia for FY2017 to FY2021, and the gas station and truck stop gap is not a zero.

Georgia fuel retail: what the study has to show

A fuel and convenience site stands or falls on its corner. A Georgia study should present traffic counts, ingress and egress, the rival stations and chains in sight, and a gallons-and-inside-sales forecast, since fuel margins run thin while the store carries the profit. Environmental condition of the tank field and the cost of closure or replacement must be addressed in plain terms. Debt service under SBA 504 should be shown at a conservative gallonage, and the appraiser will treat the going concern separately from the real estate.

Georgia fuel retail, coding gaps

This class tracks the borrower's trade. Here a travel center is indistinguishable from a station, and the national list has no entry for charging, so a Georgia plan with either feature needs separate proof.