SBA 7(a) Gas Station Feasibility Study in Kansas

Kansas fuel stops: franchised, mid-sized, one lender

OakStar Bank is the sole name in the Kansas holder table, with 6 loans and $7.1 million, as SBA lists it, meaning the loans sit with that lender today. Franchised loans are 38.5% of the 26, and the loans total $33.7 million. The midpoint of $689,000 is 0.63x the national 7(a) fuel-stop midpoint, and the quartiles sit at $366,925 and $1.6 million. Kansas is 38th by count, with the fuel class at 15 of 39 at home.

Counties and years

Johnson County has 5 loans, Sedgwick 3, and Stafford, Thomas and Wyandotte 2 each, so no county holds more than a handful of the 26 loans. FY2022 is the busiest year with 7 loans carrying $14.0 million, while FY2017 and FY2018 had 1 each and FY2023 had 1 with $242,200. Early years were thin and later years heavier, with 4 loans worth $5.5 million in FY2026, the last year of the record.

What the coding hides

SBA codes the borrower's industry, and a travel center cannot be teased out from an ordinary pump station here; the 2022 index also lacks an entry for EV charging. A Kansas sponsor proposing a travel plaza or a charging site should treat these figures as only a loose guide. Neither the cancellation share nor the charge-off share is printed: Loan Analytics, by a presentation rule of its own, shows no rate for a cohort below 30 loans, and both cohorts fall below it. A reader should not take a missing rate to mean a clean record.

What a Kansas fuel project study has to test

Interstate and highway frontage is the asset, so the study should give the traffic counts, the share of passing vehicles that exit, and the competing fuel stops at that exit and the next ones. Revenue must include inside sales, food service, lottery and the other items that carry the profit, since fuel margins are thin. Truck traffic changes the mix; if the site aims at it, the study must price diesel lanes, parking and showers. A franchised site needs brand fees and image costs set against the supply terms. Tank age, previous releases and closure cost need an environmental assessment. Seasonal swings in traffic should be tested against the volume forecast. Coverage should be run at lower gallons and with a new competitor at the same exit. Ask the appraiser to price the real estate apart from the supply agreement.