SBA 7(a) Gas Station Feasibility Study in Colorado

One lender at the top, and many franchised sites

Hanmi Bank holds 17 of the 73 gas station and truck stop loans approved under 7(a) in Colorado between FY2017 and FY2026, with $19.2 million of the $86.7 million total, with Commonwealth Business Bank ($6.3 million) and Midwest Regional Bank ($7.6 million) at 7 loans apiece. The Bancorp Bank National Association holds 5 loans and $5.4 million. One lender holding so much of the book is the cell's most unusual feature. Franchise flags mark 45.2% of loans. Holder entries are SBA's own and imply no verdict on any institution.

Size and place

The median loan of $951,000 is 0.87x of the nationwide figure, and half of loans range from $558,000 to $1.5 million. Colorado is 18 among states for the class, and gas stations hold 15 of 39 inside Colorado. Jefferson County leads with 15 loans, Arapahoe and Denver have 9 each, Larimer 7, and Adams and Weld 6 each.

Floors on outcomes

Cancellations claimed at least 14.3% of approvals dated FY2017 to FY2024, and the stricter tally lands on the very same number. Nothing is charged off among the 33 early loans, 0.00% on each clock; with a cohort that thin, the zero is a minimum and loans still open could yet fail.

What a Colorado fuel and convenience study has to test

A fuel retailer earns on gallons and on the store, so the study should test both: traffic counts by direction, access and turning movements, competing stations within a drive of the site, and a gallons-per-month estimate with the margin per gallon that supplier terms allow. The store side needs its own sales and margin build, since inside sales often matter more to profit than fuel. Underground tanks bring environmental liability, so site history, tank age, insurance and closure costs must be addressed before any lender relies on the real estate, and the appraised value should reflect a working station. Franchise or brand agreements add supply commitments, image upgrades and fees. Coverage should hold if fuel margins narrow. Two limits on classification apply. Travel centers and truck stops are inseparable here from ordinary stations, and a business centred on electric charging lacks any listing in the 2022 industry index, so such a plan cannot be read from these figures.