SBA 504 Gas Station Feasibility Study in New Hampshire

How large New Hampshire gas station loans run

SBA lists 27 SBA 504 loans to gas stations in New Hampshire between FY2017 and FY2026, with $14.2 million in gross dollars approved in New Hampshire. The middle of the New Hampshire book is $237,000; the middle half of gas stations loans starts at $182,500 and tops out at $622,000. On the SBA 504 scale nationwide, New Hampshire gas stations read 0.28x, so a typical New Hampshire loan for gas stations runs smaller than nationwide. Franchised borrowers account for 40.7% of the gas stations loans in New Hampshire.

Among states, New Hampshire ranks 10 for gas stations under SBA 504; among the classes of New Hampshire itself, gas stations rank 4 of 39. FY2018 was the New Hampshire high point, 6 loans and $2.1 million together, while FY2026 shows 1 loans and $687,000. New Hampshire's 504 gas station median sits far under the national one, and its franchise share of 40.7% gives a program view that differs from the blended page.

Granite State Economic Development Corporation appears first among current New Hampshire holders, at 15 loans and $9.0 million. Next come Capital Regional Development Council with 9 loans worth $3.8 million. Granite State Economic Development Corporation opens SBA's list for New Hampshire gas stations; the 27 loans show holders past and present in New Hampshire, not how any lends. The New Hampshire loans cluster in Grafton, which has 7; Rockingham has 5 and Hillsborough has 4. Smaller counts appear in Sullivan 4, Strafford 2 and Belknap 1.

Outcomes and data limits for New Hampshire

Given just 27 loans in New Hampshire, New Hampshire approvals through FY2024 are too few, and likewise New Hampshire loss rates lack a funded cohort. Silence is not a rate of zero. New Hampshire truck stops are counted with gas stations because loans follow the operator's code, and charging sites are not visible apart. SBA-outside loans never appear in New Hampshire's file.

Testing a New Hampshire fuel site

A ratio of 0.28x calls for an explanation of why loans near Grafton fall far below the national figure, perhaps older and smaller sites, a modest rebuild or a lean equipment package. A 504 loan funds the real estate, so tanks, spill history and cleanup liability should be investigated first. Margins on fuel are thin; the convenience store carries the debt. Supply and brand terms set the wholesale price. Seasonal traffic from travelers can swing volume, so show payment coverage in the quiet months. An appraiser values land and building apart from the business.