SBA 7(a) Gas Station Feasibility Study in Oklahoma

A high cancellation floor in Oklahoma

Oklahoma fuel stations and truck stops show 83 SBA 7(a) loans and $92.3 million in gross dollars, 16th among states for the pairing, and 7 of 39 inside the state. At least 21.2% of approvals dated through FY2024 were cancelled after approval, with an equal ceiling. The median loan is $920,000, 0.84x the national median, and a middle band from $477,000 to $1.4 million. Brands appear on 25.3% of loans.

Lenders, counties and yearly volume

Metro City Bank holds 17 loans, more than double BancFirst with 8. The table lists the current holders in SBA's file, so the loans sit with these banks today. By county, Oklahoma leads with 10 loans, followed by Pittsburg at 8, Pontotoc at 7, Carter at 6 and Stephens at 5. Cherokee, Le Flore and Marshall have 3 each. Volume ranged from 3 loans in FY2017 to 14 loans and $13.3 million in FY2021, and reached 11 loans and $19.4 million in FY2025.

Charge-off floors

Among the 33 loans in the earliest funded group, charge-offs stand at no less than 6.1% today, and the identical 6.1% holds at the five-year mark. Anything still open could yet fail, and a group this small moves sharply when a single loan is added. No single metric on this page is distinctive for Oklahoma, but the two floors, one for cancellation and one for charge-offs, show loans that fail at both stages.

Coding limits and what an Oklahoma study must prove

Because the code follows the borrower's business, a travel center looks the same as a corner station in this table, and chargers for electric cars were never a category in the 2022 index. Truck plazas and stations without a shop sit under one heading. An Oklahoma study should name the format, then test fuel volume against highway traffic and rival pumps, store and food margins, plus the condition of tanks and soil. Show the purchase or construction price against what the site would sell for, since the loan is large. Run coverage at lower gallons sold, and show how the sponsor's own cash compares with the loan. An appraisal values land, building and business together, so the study should keep their values separate.