Gasoline Stations with Convenience Stores acquisitions in North Carolina: SBA loan data

How Gasoline Stations with Convenience Stores in North Carolina compares

The median for loans to buy gas stations in North Carolina is $1,000,000, above the $800,000 median for all North Carolina acquisitions, below the $1,436,000 median for Gasoline Stations with Convenience Stores acquisitions nationwide and well above the $645,250 median for all SBA-financed acquisitions nationally.

The middle half runs $698,000 to $1,300,800, 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 7.68%, in line with the 7.76% national average.

Too few of these loans are old enough to measure a charge-off rate; the national rate for seasoned acquisition loans is 3.5%.

Loan size distribution

Most loans to buy gas stations in North Carolina (52%) were $1M or more, and the largest single band is $350K to under $1M at 48%, against 33% of all acquisition loans.

Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.

Lender concentration

Citizens Bank made 44% of loans to buy gas stations in North Carolina, and the top three lenders together made 60%. 1 of the 12 lenders involved made three or more. Only 1 lender has repeat experience here. That is a rough guide to how many banks have seen this kind of deal before.

Recent activity

In FY2025 and FY2026 combined, 6 loans to buy gas stations in North Carolina were approved. Fewer than 10 loans were approved in FY2023 and FY2024, so no change is computed. The median was $865,000, slightly below the $1,000,000 median across all years.

Gasoline Stations with Convenience Stores acquisition loans in North Carolina by year

How often do these acquisition loans fail?

Fewer than 20 Gasoline Stations with Convenience Stores in North Carolina 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.

Related

• All North Carolina acquisitions
• 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
• Hotels and Motels in North Carolina
• Full-Service Restaurants in North Carolina
• Limited-Service Restaurants in North Carolina
• All Other Specialty Trade Contractors in North Carolina
• Offices of Certified Public Accountants in North Carolina
• Plumbing, Heating, and Air-Conditioning Contractors in North Carolina
• Child Care Services in North Carolina
• General Automotive Repair in North Carolina

Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.