hjaynes

Car Wash Financing - Pre-Qualify For A Car Wash Loan

Having done many car wash loans, gas station and convenience store loans over the years, it never surprises me why people do NOT get their car wash loans financed. People call and frequently say "We have a full package on this deal." I'm not sure what ... Read >

Car Wash Loans - Here's Another Reason Banks Don't Want To Lend

With car wash financing, just like any other type of commercial loans, the organization of the package presented is important now more than ever. The obvious reason is that the more you can do to convince and underwriter or a business development offi... Read >

Car Wash Loans - You'd Better Have Some Money

In today's financing environment, money talks now more than ever. If you're looking to buy or build anything, if you don't have it, you probably won't get a loan. Years ago, you used to be able to get high Loan To Value (LTV) loans with minimal down payme... Read >

Car Wash Loans - Don't Get Hosed Trying To Get Car Wash Financing

In today's financing environment, it really doesn't matter what type of financing one is trying to obtain, it is more difficult and the process takes longer. That is fact. Car washes certainly fit this mold. Car washes can be cash cows. Depending on the... Read >

Car Wash Loans - What Is The Best Type Car Wash To Buy Or Build

If you are looking to buy or build a standalone car wash, here are some things to consider. First of all, 65% of all car wash facilities are at gas stations and convenience stores. Approximately 25% of all petroleum sites have one and most oil companies... Read >

Truck Stop Financing - You're In Luck Again

Truck stops have always been difficult to finance. Gas stations and convenience stores have never been embraced by the banking community but truck stops are even more problematic. Truck stops, like gas stations and convenience stores, are not desirable ... Read >

Gas Station Financing - How To Tell If A Gas Station Has Environmental Issues

One of the main reasons it is difficult to obtain gas station financing is the notion that gas stations and convenience stores pose a greater environmental risk than other types of commercial properties. While it is true that it is much less likely to ge... Read >

Gas Station Loans - SBA Financing Just Got A Little More Tolerable

Over the years, SBA financing has been a staple of financing for dealers and operators. As the economy has worsened over the past few years, the petroleum retail industry has gotten even worse. With the fluctuation in fuel prices and our failing economy,... Read >

Gas Station Financing - How To Tell If A Gas Station Has Environmental Issues

One of the main reasons it is difficult to obtain gas station financing is the notion that gas stations and convenience stores pose a greater environmental risk than other types of commercial properties. While it is true that it is much less likely to ge... Read >

Found some gas stations for sale? Don't overpay! Find out how much they are worth!

Owning a gas station and convenience store is no longer for the faint of heart. The past few years, the default rate in this asset class is the highest it has been in years. Not only is owning a gas station and convenience store more difficult than it ha... Read >

Things You Should Know About Gas Stations For Sale And What Type You Should Buy

Regardless of how the economy is and how expensive the price of gas is, there are always plenty of gas stations for sale and there are always plenty of buyers. Unless the site is a bad site, there are always a LOT more buyers than there are gas stations f... Read >

Found Some Gas Stations For Sale? Try Getting SBA Financing NOW!

Found Some Gas Stations For Sale? Try Getting SBA Financing NOW! Financing gas stations and convenience stores has never been at the top of the list for most banks and lending institutions. Now it's gotten even tougher. Because of recent changes in S... Read >

Found A Gas Station For Sale And Need A Loan? Who Even Does Gas Station Financing? Part II

Banks in general do not like to lend to gas stations and convenience stores. I will repeat. Banks in general do not like to lend to gas stations and convenience stores. Because banks do not like to lend to this asset class and many that lend do on a l... Read >

Found A Gas Station For Sale And Need A Loan? Who Even Does Gas Station Financing? Part I

Banks in general do not like to lend to gas stations and convenience stores. I will repeat. Banks in general do not like to lend to gas stations and convenience stores. You could go into great detail as to the reasons for this, but suffice it to say, ... Read >

Looking To Buy A Gas Station Business? C-store? Service Station? Pumper?

If you've found quite a few gas stations for sale and are evaluating which one is the best for you, there are certain trends that you should be aware of before putting a contract for sale out. There are three basic types of gas stations. One is the old ... Read >