Gasoline Stations with Convenience Stores: SBA business acquisition loan data
1,347 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Gasoline Stations with Convenience Stores (NAICS 457110), totaling $2.4B. Median loan $1,436,000, 123% higher than the all-acquisition median. 56% of these deals were franchised units.
- Loans, FY2018-FY2026
- 1,347
- Median loan
- $1,436,000 (middle half $800,000 to $2,415,600)
- Top lender
- Celtic Bank Corporation (9%, 117 loans)
- Top state
- Texas
- Charge-off, FY2018-FY2021 loans
- 0.9% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 178 (-3% vs FY2025)
SBA lenders approved 1,347 7(a) loans to buy gas stations from FY2018-FY2026, with a median of $1,436,000 and a middle half of $800,000 to $2,415,600. Celtic Bank Corporation made 9% of them. 0.9% of 582 seasoned loans were charged off, 76% lower than the 3.5% all-acquisition rate.
Financing one? Read the guide: How to get an SBA loan to buy a gas station
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The median SBA loan to buy gas stations was $1,436,000 across 1,347 acquisition loans (FY2018 to FY2026), 123% higher than the $645,250 median for all SBA-financed acquisitions. Celtic Bank Corporation, Open Bank and Metro City Bank made the most of them. Of 582 seasoned loans (FY2018 to FY2021), 0.9% were charged off, 76% lower than the 3.5% average for all SBA acquisition loans.
Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $2,415,600 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 2.8% of all SBA-financed business purchases, ranking #5 of 300 industries tracked.
- Geography. Texas leads with 252 loans; the top five states account for 64% of the industry's acquisitions.
- Jobs. Lenders reported 9,357 jobs supported across these loans, about 6.9 per acquisition, a rough proxy for the size of business changing hands.
How the Gasoline Stations with Convenience Stores industry compares
| Measure | Gasoline Stations with... | All acquisitions |
|---|---|---|
| Median loan | $1,436,000 | $645,250 |
| Middle half of loans | $800,000 to $2,415,600 | $283,000 to $1,465,000 |
| Average initial rate | 7.36% | 7.76% |
| Median term | 25 years | 10 years |
| Charge-off rate (seasoned loans) | 0.9% | 3.5% |
| Loans in sample | 1,347 | 48,902 |
The median for loans to buy gas stations is $1,436,000, well above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $800,000 to $2,415,600, against $283,000 to $1,465,000 nationally; the median term is 25 years, longer than the national median of 10 years; the average initial rate is 7.36%, below the 7.76% national average.
Seasoned loans were charged off at 0.9%, well below the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | Gasoline Stations with... | All acquisitions |
|---|---|---|
| Under $350K | 5% | 30% |
| $350K to under $1M | 27% | 33% |
| $1M to under $2M | 33% | 19% |
| $2M and over | 34% | 17% |
Most loans to buy gas stations (67%) were $1M or more, and the largest single band is $2M and over at 34%, against 17% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Celtic Bank Corporation made 9% of loans to buy gas stations, and the top three lenders together made 23%. 82 of the 217 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 361 loans to buy gas stations were approved. That is 34% more than the 269 approved in FY2023 and FY2024. The median was $1,825,000, above the $1,436,000 median across all years.
Gasoline Stations with Convenience Stores acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 97 | $144M | $1,393,000 | |
| FY2019 | 136 | $177M | $1,062,250 | |
| FY2020 | 155 | $257M | $1,365,000 | |
| FY2021 | 194 | $297M | $1,142,000 | |
| FY2022 | 135 | $245M | $1,510,000 | |
| FY2023 | 113 | $221M | $1,515,500 | |
| FY2024 | 156 | $291M | $1,598,250 | |
| FY2025 | 183 | $390M | $1,825,000 | |
| FY2026 | 178 | $383M | $1,842,500 |
How often do these acquisition loans fail?
Of the 582 Gasoline Stations with Convenience Stores acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 5 have been charged off by the SBA, a rate of 0.9% by loan count and 0.3% by dollars. 372 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Gasoline Stations with Convenience Stores is 76% lower than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 252 | 18.7% | $451M | |
| 2 | California | 246 | 18.3% | $565M | |
| 3 | Washington | 229 | 17.0% | $545M | |
| 4 | Illinois | 73 | 5.4% | $107M | |
| 5 | Wisconsin | 60 | 4.5% | $83.2M | |
| 6 | Georgia | 45 | 3.3% | $57.1M | |
| 7 | Minnesota | 40 | 3.0% | $36.9M | |
| 8 | Oregon | 31 | 2.3% | $85.9M | |
| 9 | Oklahoma | 27 | 2.0% | $32.1M | |
| 10 | North Carolina | 25 | 1.9% | $27.1M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Celtic Bank Corporation | 117 | 8.7% | $261M | |
| 2 | Open Bank | 99 | 7.3% | $216M | |
| 3 | Metro City Bank | 89 | 6.6% | $145M | |
| 4 | Readycap Lending, LLC | 55 | 4.1% | $138M | |
| 5 | Byline Bank | 53 | 3.9% | $89.2M | |
| 6 | PCB Bank | 52 | 3.9% | $121M | |
| 7 | Commonwealth Business Bank | 51 | 3.8% | $83.8M | |
| 8 | Hanmi Bank | 37 | 2.7% | $64.2M | |
| 9 | Citizens Bank | 34 | 2.5% | $38.9M | |
| 10 | Southwestern National Bank | 29 | 2.2% | $56.1M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands in Gasoline Stations with Convenience Stores
56% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | World Fuel Services | 45 | 5.9% | $76.8M | |
| 2 | Chevron | 32 | 4.2% | $83.2M | |
| 3 | Christensen Inc. | 26 | 3.4% | $46.1M | |
| 4 | Sunoco | 26 | 3.4% | $41.2M | |
| 5 | AM/PM Mini-Mart | 22 | 2.9% | $59.6M | |
| 6 | Wilson Oil | 20 | 2.6% | $46.6M | |
| 7 | Classic Star Group (Distributor) | 19 | 2.5% | $29.3M | |
| 8 | Jackson Food Stores | 18 | 2.4% | $42.6M | |
| 9 | SEI Fuel Services | 15 | 2.0% | $30.4M | |
| 10 | PacWest Energy (Shell) | 14 | 1.8% | $37.8M | |
| 11 | Phillips 66 | 14 | 1.8% | $36.6M | |
| 12 | Boyett Petroleum | 12 | 1.6% | $31.2M | |
| 13 | Arco (BP) | 12 | 1.6% | $21.5M | |
| 14 | Circle K | 12 | 1.6% | $17.5M | |
| 15 | U.S. Oil (Mobil) | 12 | 1.6% | $17.4M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Gasoline Stations with Convenience Stores?
Median $1,436,000 across 1,347 acquisition loans (FY2018 to FY2026); the middle half ran $800,000 to $2,415,600. That is 123% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Gasoline Stations with Convenience Stores acquisitions?
Celtic Bank Corporation (117), Open Bank (99), Metro City Bank (89), Readycap Lending, LLC (55), Byline Bank (53).
Are businesses in Gasoline Stations with Convenience Stores often franchised?
Yes, often. 56% of SBA acquisition loans in this industry financed a franchised unit. Top brands: World Fuel Services, Chevron, Christensen Inc., Sunoco, AM/PM Mini-Mart.
How risky are SBA loans for buying a business in Gasoline Stations with Convenience Stores?
Of 582 seasoned loans (FY2018 to FY2021), 0.9% charged off, 76% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Gasoline Stations with Convenience Stores acquisitions?
Median term 25 years, average initial rate 7.36% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
How much do you need down for an SBA loan to buy a gas station?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for loans to buy gas stations was $1,436,000, and the middle half ran $800,000 to $2,415,600.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 361 loans to buy gas stations in FY2025 and FY2026.
Which banks make SBA loans for a gas station?
By loan count, FY2018 to FY2026: Celtic Bank Corporation (117), Open Bank (99), Metro City Bank (89), Readycap Lending, LLC (55), Byline Bank (53). Celtic Bank Corporation made 9% of loans to buy gas stations. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Cite this data
SBA Acquisition Data, "Gasoline Stations with Convenience Stores: SBA acquisition loan data", https://sbaacquisitiondata.com/industry/gasoline-stations-with-convenience-stores-457110 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/industry/gasoline-stations-with-convenience-stores-457110.json.