SBA 7(a) Gas Station Feasibility Study in Nevada

What Nevada records for gas station (SBA 7(a)) loans

SBA's files show 43 approvals under 7(a) for gas station projects in Nevada from FY2017 and FY2026, worth $72.3 million. Nevada's gas station volume under SBA 7(a) ranks 31 across the states by loan count, while gas station sits 12 of 39 among Nevada's asset classes. Usual size: $1.2 million. Relative to SBA 7(a) gas station lending in the rest of the nation, Nevada runs at 1.10x on that median, a heavier ticket profile. Between $607,500 and $2.2 million lies half of the loans across Nevada. 53.5% of these Nevada loans went to franchised businesses. The cancellation floor of 28.1% is the measure that separates Nevada's SBA 7(a) gas station cell from both parent, gas station across programs in Nevada and SBA 7(a) gas station lending nationally.

Lenders, counties and timing in Nevada

Leading the lenders list in Nevada: Enterprise Bank & Trust (9 loans, $12.8 million); Readycap Lending, LLC (6 loans, $8.9 million). Treat the 9 loans and $12.8 million for Enterprise Bank & Trust with care: SBA lists each Nevada loan's present holder, so a Nevada lender above could have taken over a gas station note rather than making it. Within Nevada, the counties with the most loans are Clark with 19, Lander with 6, Washoe with 5 and Elko with 3. On the calendar for Nevada, approvals peaked at 8 loans, worth $8.8 million, in FY2024, with FY2026 at 7 loans and $9.0 million; the series opened in FY2017 at 5.

Nevada: outcomes, read as minimums for gas station

Cancellations following approval run 28.1% at minimum for FY2017 to FY2024 Nevada gas station approvals; including those still undisbursed and the bound is 31.3%. Of the Nevada gas station loans funded between FY2017 and FY2021, the cohort that charged off, drawn from these 43 loans, is statistically thin; we give no Nevada number and imply no zero for gas station. Readers needs to take these Nevada rates, drawn from 43 loans, as minimums, never as settled outcomes. One coding limit shapes Nevada gas station figures: a coding quirk matters: fuel sites without c-store stores, truck stops plus gas sites fall into one family, and electric vehicle charging is invisible from it.

What a Nevada gas station study has to prove

Under 7(a), a Nevada gas station request, one of 43, is judged by the Nevada originating lender, whose guaranteed gas station loan rests on Nevada cash flow and the real estate the Nevada study must document. Traffic on the Nevada road decides much: counts, turning movements, competing sites and the in-store sales all need a test. Tanks, the canopy, pumps and environmental work keep gas station cost plans in Nevada site-specific, so the study itemises them. Present the Nevada gas station case at $1.2 million to start, then at $2.2 million, plus a slower year beside each, so a Nevada lender will want the study to show where debt service stop be covered. Appraisal of fuel sites in Nevada is exposed to margin changes, so the study stress income with a weaker fuel spread. A borrower that is approaching Enterprise Bank & Trust can read its 9 loans here as perspective only: SBA's totals describe a book, not any requirements.

Take the Nevada gas station history above, 43 loans, as background: a gas station study from Loan Analytics for Nevada, signed by Daniel Smith, MAI, for gas station, does the site-specific Nevada testing, and nothing here promises Nevada approval of a gas station loan.