Gasoline Stations with Convenience Stores acquisitions in Iowa: SBA loan data
Since FY2018, SBA lenders have approved 12 7(a) loans to buy an existing business classified as Gasoline Stations with Convenience Stores in Iowa, totaling $7.8M. The median loan was $115,500. That is 2.6% of the 454 acquisition loans in Iowa.
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How this compares
The median Gasoline Stations with Convenience Stores loan in Iowa is 65% lower than the $332,050 median for all Iowa acquisitions, and 92% lower than the $1,436,000 median for Gasoline Stations with Convenience Stores acquisitions nationwide (1,347 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 0.9% of seasoned Gasoline Stations with Convenience Stores acquisition loans were charged off, and 3.8% of seasoned Iowa acquisition loans of any type.
Gasoline Stations with Convenience Stores acquisition loans in Iowa by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $66K | $33,000 | |
| FY2019 | 3 | $1.7M | $80,000 | |
| FY2020 | 2 | $221K | $110,500 | |
| FY2021 | 2 | $1.5M | $741,000 | |
| FY2022 | 1 | $620K | $620,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $2M | $1,957,300 | |
| FY2026 | 1 | $1.8M | $1,755,000 |
How often do these acquisition loans fail?
Fewer than 20 Gasoline Stations with Convenience Stores in Iowa acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First National Bank | 5 | 41.7% | $902K | |
| 2 | First Bank | 2 | 16.7% | $3.5M | |
| 3 | First American State Bank | 2 | 16.7% | $66K | |
| 4 | Byline Bank | 1 | 8.3% | $1.8M | |
| 5 | Hometown Bank | 1 | 8.3% | $1.4M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | A&W | 1 | 8.3% | $1.4M | |
| 2 | World Fuel Services | 1 | 8.3% | $620K |
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Questions buyers ask
How much do SBA loans for Gasoline Stations with Convenience Stores acquisitions in Iowa run?
The median SBA 7(a) loan was $115,500 across 12 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Gasoline Stations with Convenience Stores acquisitions in Iowa?
First National Bank (5), First Bank (2), First American State Bank (2), Byline Bank (1), Hometown Bank (1).
How often do Gasoline Stations with Convenience Stores acquisition loans fail in Iowa?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Gasoline Stations with Convenience Stores acquisitions in Iowa?
4 of the 12 loans (33%) involved a franchise brand, most often A&W (1).
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Iowa acquisitions
- Financing one? How to get an SBA loan to buy a gas station
- Gasoline Stations with Convenience Stores nationally
- Gasoline Stations with Convenience Stores in Texas
- Gasoline Stations with Convenience Stores in California
- Gasoline Stations with Convenience Stores in Washington
- Gasoline Stations with Convenience Stores in Illinois
- Gasoline Stations with Convenience Stores in Wisconsin
- Gasoline Stations with Convenience Stores in Georgia
- Gasoline Stations with Convenience Stores in Minnesota
- Gasoline Stations with Convenience Stores in Oregon
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Small samples move a lot: each loan in this combination is 8% of the count. Industry is the NAICS code the lender recorded. See the methodology.