SBA 504 Gas Station Feasibility Study in Indiana

Indiana gas station and truck stop lending in SBA's records

In Indiana, SBA 504 approved 34 loans in the gas station and truck stop class. Across FY2017 to FY2026 in Indiana that came to $23.9 million gross. Counting gas station and truck stop loans, Indiana ranks 7 across states for gas station and truck stop under this program, and gas station and truck stop sits 4 of 39 among Indiana classes. A median of $451,500 is 0.53x of the national gas station and truck stop median under SBA 504, so Indiana runs below the norm. For gas station and truck stop in Indiana, the middle half spans $307,250 to $792,750, and franchise flags mark 64.7% of Indiana gas station and truck stop loans.

Who holds the gas station and truck stop loans, and where

The largest named gas station and truck stop holder in Indiana is Premier Capital Corporation: 11 loans worth $6.7 million; behind it Indiana Statewide Certified Development Corporation, 10 loans ($10.1 million); Regional Development Company, 8 loans ($5.3 million). Holders in Indiana are those SBA currently lists. The Indiana gas station and truck stop county count starts with Marion at 7, Porter at 3, Vanderburgh at 3, Boone at 2, Cass at 2.

Timing of Indiana approvals

The Indiana gas station and truck stop calendar shows 6 loans ($4.0 million) in FY2019, then in Indiana 6 in FY2020 ($2.7 million), and in Indiana 3 in FY2021 ($1.6 million), 2 in FY2023 ($808,000) and 3 in FY2024 ($7.6 million) against Indiana's peak of 6 in FY2017.

Gas station and truck stop cancel and charge-off floors

In Indiana, approval did not always mean a gas station and truck stop loan: of FY2017 to FY2024 Indiana approvals, at least 18.8% ended in Indiana cancellation, with 21.9% the ceiling if undisbursed gas station and truck stop loans are added. The gas station and truck stop cohort funded in Indiana is too small, so Indiana holds no stable charge-off rate for gas station and truck stop loans in Indiana funded FY2017 to FY2021; Indiana withholds the rate, and Indiana lenders should not read it as zero.

Indiana fuel stops under SBA 504

With a fuel and convenience site financed under SBA 504, the Indiana study must defend the corner: traffic counts, access, competing stations, and a gallons-and-store forecast that covers debt. Underground tank age, spill history and any cleanup liability belong in plain view. Land and construction cost sit against the $451,500 median, and coverage is tested at lower gallonage. Expect an appraiser to separate site value from the operating business.

Indiana stations: what the code allows

Classification follows what the borrower does. Truck stops fall in with stations lacking a store, and nothing in the national industry list covers charging, so Indiana plans with either need their own proof.