SBA 504 Gas Station Feasibility Study in Washington
What SBA's own loan files show about SBA 504 lending to gas station and truck stop projects in Washington, and what a feasibility study for an SBA 504 loan there has to test.
Reading the Washington gas station and truck stop cell
For gas station and truck stop in Washington, this page slices SBA's gas station and truck stop record: SBA 504 loans to gas station and truck stop projects. They number 31, with $50.4 million approved from FY2017 to FY2026. Washington is 8 among states on gas station and truck stop loan count; the class is 5 of 39 among Washington financed classes. The Washington median of $1.1 million stands at 1.27x of what gas station and truck stop borrowers take nationally under SBA 504, and $568,000 to $2.5 million spans the middle half; 51.6% of Washington gas station and truck stop loans carry franchise flags.
Where the gas station and truck stop loans sit
Evergreen Business Capital (15 loans, $30.4 million), Northwest Business Development Association (10 loans, $12.3 million) and Ameritrust CDC (5 loans, $5.9 million) head the Washington gas station and truck stop holder table. Washington gas station and truck stop holders are as SBA reports today. Washington gas station and truck stop counties: Yakima 8, King 7, Clark 3, Snohomish 3, Thurston 3.
The yearly Washington pattern
Washington gas station and truck stop volume moved around: 6 loans in FY2018, 0 in FY2020, 4 in FY2022 and 6 in FY2025 worth $14.8 million. The Washington high mark, 6, came in FY2018. FY2020 show no Washington gas station and truck stop approvals.
What the gas station and truck stop floors say
Washington gas station and truck stop cancellation has no rate here; the Washington cohort is too small, and gas station and truck stop lenders should not read that as zero. Washington gas station and truck stop charge-off rates rest on few gas station and truck stop loans funded in Washington for FY2017 to FY2021; Washington lenders find it held back, never zero.
Washington fuel sites under SBA 504
The study for a Washington station financed under SBA 504 should show corner economics: traffic, access, competitors and gallons plus store sales, with the cost of tank replacement or remediation stated openly. Rain, regulation and fuel supply contracts affect operating margin. Compare capital cost with the $1.1 million median, test coverage at lower volume, and expect an appraiser to separate going-concern value from land and building.
Washington fuel retail: where the code ends
Travel centers and truck stops are folded into the station class, while EV charging lacks a code, so any Washington plan relying on them stands on separate evidence.
SBA 504 gas station and truck stop loans in Washington
| Loans approved, FY2017 to FY2026 | 31 |
|---|---|
| Gross dollars approved | $50.4 million |
| Median loan | $1.1 million |
| Middle half of loans, from | $568,000 |
| Middle half of loans, to | $2.5 million |
| Franchise share of loans | 51.6% |
| Rank among states for SBA 504 gas station and truck stop loans, by number of loans | 8 |
| Rank of gas station and truck stop among classes in Washington | 5 of 39 |
| Median loan against the national SBA 504 median for the class | 1.27x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | not reported: fewer than 30 loans in the cohort |
|---|---|
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | not reported: fewer than 30 loans in the cohort |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA 504 gas station and truck stop loans approved in Washington, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 1 | $98,000 |
| FY2018 | 6 | $3.7 million |
| FY2019 | 1 | $546,000 |
| FY2020 | 0 | $0 |
| FY2021 | 4 | $2.3 million |
| FY2022 | 4 | $6.9 million |
| FY2023 | 1 | $516,000 |
| FY2024 | 5 | $14.7 million |
| FY2025 | 6 | $14.8 million |
| FY2026 | 3 | $6.9 million |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Evergreen Business Capital | 15 | $30.4 million |
| Northwest Business Development Association | 10 | $12.3 million |
| Ameritrust CDC | 5 | $5.9 million |
Where the loans are, by county
| County | Loans |
|---|---|
| YAKIMA | 8 |
| KING | 7 |
| CLARK | 3 |
| SNOHOMISH | 3 |
| THURSTON | 3 |
| CLALLAM | 1 |
| FRANKLIN | 1 |
| KLICKITAT | 1 |
| SAN JUAN | 1 |
| SKAGIT | 1 |
The code is the borrower's industry. Truck stop or travel center cannot be split out. EV charging has no entry in the 2022 NAICS index. Shared code: Truck stops and travel centers sit inside 457120 with gas stations that have no convenience store.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics loan-outcome cell SAP-WA-C01-504.
Related feasibility study pages
- Washington feasibility studies for SBA and USDA loans
- Gas station and truck stop feasibility study and SBA loan data
- SBA Feasibility Study for a Gas Station: What the Lender Tests, and Two Worked Engagements
- Gas Station Feasibility Study in Washington
- SBA 504 Gas Station Feasibility Study
- SBA 7(a) Gas Station Feasibility Study in Washington
- Feasibility studies for SBA 7(a) and 504 loans
- SBA 504 Gas Station Feasibility Study in California
- SBA 504 Gas Station Feasibility Study in Texas
- SBA 504 Gas Station Feasibility Study in Georgia
- SBA 504 Gas Station Feasibility Study in Wisconsin
- SBA 504 Gas Station Feasibility Study in Florida
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Loan Analytics prepares the feasibility study a lender reads before it commits: for a gas station and truck stop project in Washington, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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