Gasoline Stations with Convenience Stores acquisitions in Indiana: SBA loan data
Since FY2018, SBA lenders have approved 18 7(a) loans to buy an existing business classified as Gasoline Stations with Convenience Stores in Indiana, totaling $20.7M. The median loan was $865,000. That is 1.6% of the 1,158 acquisition loans in Indiana.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median Gasoline Stations with Convenience Stores loan in Indiana is 66% higher than the $521,250 median for all Indiana acquisitions, and 40% 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 3.1% of seasoned Indiana acquisition loans of any type.
Gasoline Stations with Convenience Stores acquisition loans in Indiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.8M | $885,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $1.2M | $1,175,000 | |
| FY2021 | 3 | $1.5M | $456,500 | |
| FY2022 | 3 | $3.1M | $697,000 | |
| FY2023 | 4 | $4.5M | $1,035,600 | |
| FY2024 | 2 | $6.4M | $3,200,000 | |
| FY2025 | 1 | $1.3M | $1,280,000 | |
| FY2026 | 2 | $979K | $489,700 |
How often do these acquisition loans fail?
Fewer than 20 Gasoline Stations with Convenience Stores in Indiana 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Merchants Bank of Indiana | 6 | 33.3% | $5.3M | |
| 2 | Shoreham Bank | 2 | 11.1% | $2.8M | |
| 3 | Community First Bank of Indiana | 2 | 11.1% | $2.7M | |
| 4 | Centier Bank | 2 | 11.1% | $1.4M | |
| 5 | Hanover Community Bank | 1 | 5.6% | $5M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | U.S. Oil (Mobil) | 1 | 5.6% | $1.2M |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Gasoline Stations with Convenience Stores acquisitions in Indiana run?
The median SBA 7(a) loan was $865,000 across 18 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 Indiana?
Merchants Bank of Indiana (6), Shoreham Bank (2), Community First Bank of Indiana (2), Centier Bank (2), Hanover Community Bank (1).
How often do Gasoline Stations with Convenience Stores acquisition loans fail in Indiana?
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 Indiana?
11 of the 18 loans (61%) involved a franchise brand, most often U.S. Oil (Mobil) (1).
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Related
- All Indiana 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 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.