SBA 504 Gas Station Feasibility Study in Minnesota

What Minnesota files for SBA 504 gas station loans

$29.6 million in gross dollars, spread over 35 loans in the 504 program for gas station projects in Minnesota, is what SBA approved in Minnesota from FY2017 to FY2026. Position: 6 for the Minnesota SBA 504 gas station loan count, and 10 of 39 among Minnesota's own asset classes. Midpoint size: $461,000. Compared with SBA 504 gas station loans nationwide, Minnesota runs at 0.54x on the median, a smaller ticket size. From $280,000 up to $1.0 million sits half of the loans across Minnesota. Franchised applicants account for 42.9% of the 35 loans. Minnesota gas station lending blends into its parents across 35 loans: nothing in Minnesota clears the distinctness margin, so Minnesota readers must read Minnesota's lender, county and timing detail.

The institutions and places behind Minnesota's gas station loans

Leading the certified development companies list for Minnesota: Midwest Business Finance Corporation at $7.4 million across 15 loans; Amplio Economic Development Corporation at $10.2 million across 7 loans; Twin Cities-Metro Certified Development Company at $5.1 million across 5 loans. The Minnesota gas station ranking follows whoever holds each Minnesota loan; the originator of those 15 loans can differ. Within Minnesota, the counties in SBA's files are Dakota with 4, Hennepin with 4, Anoka with 3 and Beltrami with 3. On the calendar for Minnesota, approvals peaked at 7 loans, worth $2.5 million, in FY2020, with FY2026 at 1 loans and $451,000; the series opened in FY2017 at 4.

Minnesota: outcomes, read as minimums for gas station

A floor of 12.1% for cancellations, with the ceiling at 12.1%, describes FY2017 to FY2024 Minnesota gas station approvals, so open loans change nothing. On Minnesota gas station loans funded in FY2017 to FY2021, Minnesota's 35 loans leave too few charge-offs to measure a rate for that cohort, so we print no Minnesota figure there, and a blank here should not be read as zero. Lenders should take these Minnesota rates, drawn from 35 loans, as floors, not as settled outcomes. One coding limit shapes Minnesota gas station numbers: In the Minnesota loan data, a truck stop looks like every other fuel seller, since the code tracks the business type; EV charging has no entry at all.

What a Minnesota gas station study must test

In Minnesota, two debts sit behind each of the 35 504 gas station projects: one from a Minnesota certified development company, one from a separate Minnesota lender. A gas station study has to demonstrate that the acquired gas station property and its equipment can support both, with Minnesota equity from the borrower. A Minnesota gas station feasibility study must separate fuel margin from inside income, then test both against corridor traffic. Underground tanks, the canopy, dispensers and site work keep gas station budgets in Minnesota site-specific, and our work itemises them. Present the Minnesota gas station case at $461,000 first, next at $1.0 million, and one weaker year beside each, since a Minnesota lender will want to see where payments cease to fitting. An appraisal of a Minnesota gas station must weigh gallon volume and spread apart from store sales, and the study must show both. Institutions such as Midwest Business Finance Corporation appear in this Minnesota record; the record is history, and what Midwest Business Finance Corporation or any other Minnesota lender wants from a gas station study is its own to say.

Nothing above predicts how a given Minnesota gas station loan will perform. 35 approvals are the setting in Minnesota; Loan Analytics builds the Minnesota site-specific analysis in a gas station study that Daniel Smith, MAI, signs, and no Minnesota approval is implied.