SBA 7(a) Gas Station Feasibility Study in Mississippi

Mississippi gas station lending: dollars and loan size

SBA lists 52 SBA 7(a) loans to gas stations in Mississippi between FY2017 and FY2026, with $57.5 million in gross dollars approved in Mississippi. Half the Mississippi loans sit at or below $896,450; the middle half of gas stations spans $327,075 up to $1.4 million. Set beside the nationwide gas stations median under SBA 7(a), Mississippi reads 0.82x, a lighter lean for gas stations in Mississippi. A franchise listing appears on 19.2% of the loans in this gas station cell for Mississippi.

On SBA 7(a) loan counts for gas stations, rank 27 belongs to Mississippi; the class sits at 4 of 39 in Mississippi's own table. Volume crested in FY2021: 14 loans, $17.4 million; and FY2026 records 3 loans for $6.6 million. A Mississippi fuel site that borrows under 7(a) may fund real estate, tanks, store fit-out and working capital together, and this cell shows how large such loans run compared with the blended state view.

Most Mississippi loans sit with Renasant Bank, which holds 11 worth $16.2 million. Next come Peoples Bank: 6 loans, $6.0 million in all, Community Bank of Mississippi: 6 loans, $3.0 million in all, Celtic Bank Corporation: 5 loans, $8.7 million in all and Covington County Bank: 5 loans, $318,000 in all. SBA's Mississippi file puts Renasant Bank first among 52 loans, where each name holds or held gas stations loans; none is rated. Among counties of Mississippi, Desoto shows 10 loans; next are Hinds with 7 and Covington with 4. Lower on the list are Tunica 4, Forrest 3 and Lowndes 3.

Cancellation and loss figures for Mississippi gas stations

SBA's Mississippi file for FY2017 to FY2024 shows 18.2% or more ended in cancellation, and the Mississippi ceiling, which adds undisbursed loans, is identical at 18.2%. Losses stay unprinted: the Mississippi funded cohort is too small, and a Mississippi blank is not a clean bill. What SBA records is the borrower's line of business, not the site; Mississippi truck stops and travel centers land in the same bucket as plain gas stations, and charging stations have no bucket at all. Only loans in SBA's Mississippi files appear.

Testing a Mississippi fuel site

Fuel volume comes from traffic counts on the road near Desoto, so the study should measure gallons per day by pump layout, not borrow an industry average. Fuel margins are thin and volatile, which puts store sales, food service and car wash income under pressure to carry more of the debt. Environmental condition is a first-order cost: tanks, past releases and cleanup liability should be investigated before a loan near $896,450 is sized on the site. Brand and supply agreements set the price the operator pays, and the forecast needs those terms written out. An appraiser separates real estate from business value, so collateral depends on how easily another operator could take over.