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 FY202631
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 loans51.6%
Rank among states for SBA 504 gas station and truck stop loans, by number of loans8
Rank of gas station and truck stop among classes in Washington5 of 39
Median loan against the national SBA 504 median for the class1.27x

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

0246FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Loans, FY2017: 1Loans, FY2018: 6Loans, FY2019: 1Loans, FY2020: 0Loans, FY2021: 4Loans, FY2022: 4Loans, FY2023: 1Loans, FY2024: 5Loans, FY2025: 6Loans, FY2026: 3
Fiscal yearLoansDollars
FY20171$98,000
FY20186$3.7 million
FY20191$546,000
FY20200$0
FY20214$2.3 million
FY20224$6.9 million
FY20231$516,000
FY20245$14.7 million
FY20256$14.8 million
FY20263$6.9 million

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
LenderLoansDollars
Evergreen Business Capital15$30.4 million
Northwest Business Development Association10$12.3 million
Ameritrust CDC5$5.9 million

Where the loans are, by county

CountyLoans
YAKIMA8
KING7
CLARK3
SNOHOMISH3
THURSTON3
CLALLAM1
FRANKLIN1
KLICKITAT1
SAN JUAN1
SKAGIT1

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.

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.

Request Scope & Timeline

Start with the data.

Contact Us