Gasoline Stations with Convenience Stores acquisitions in Ohio: SBA loan data
Since FY2018, SBA lenders have approved 21 7(a) loans to buy an existing business classified as Gasoline Stations with Convenience Stores in Ohio, totaling $31.3M. The median loan was $1,203,000. That is 1.2% of the 1,821 acquisition loans in Ohio.
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How this compares
The median Gasoline Stations with Convenience Stores loan in Ohio is 119% higher than the $549,000 median for all Ohio acquisitions, and 16% 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 1.9% of seasoned Ohio acquisition loans of any type.
Gasoline Stations with Convenience Stores acquisition loans in Ohio by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.4M | $1,397,000 | |
| FY2019 | 8 | $10.1M | $1,112,250 | |
| FY2020 | 1 | $605K | $605,000 | |
| FY2021 | 3 | $3.3M | $1,203,000 | |
| FY2022 | 1 | $921K | $921,000 | |
| FY2023 | 1 | $2.7M | $2,700,000 | |
| FY2024 | 1 | $790K | $790,000 | |
| FY2025 | 1 | $1.2M | $1,166,800 | |
| FY2026 | 4 | $10.3M | $2,070,900 |
How often do these acquisition loans fail?
Fewer than 20 Gasoline Stations with Convenience Stores in Ohio 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 | The Huntington National Bank | 6 | 28.6% | $6.1M | |
| 2 | Celtic Bank Corporation | 5 | 23.8% | $11.6M | |
| 3 | Centerstone SBA Lending, Inc. | 1 | 4.8% | $2.7M | |
| 4 | Citizens Bank | 1 | 4.8% | $2.2M | |
| 5 | FCN Bank, National Association | 1 | 4.8% | $2M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Beck Suppliers Inc | 6 | 28.6% | $7.2M | |
| 2 | U.S. Oil (Mobil) | 4 | 19.0% | $5.5M |
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Questions buyers ask
How much do SBA loans for Gasoline Stations with Convenience Stores acquisitions in Ohio run?
The median SBA 7(a) loan was $1,203,000 across 21 loans (FY2018 to FY2026), with the middle half between $860,000 and $1,976,000. 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 Ohio?
The Huntington National Bank (6), Celtic Bank Corporation (5), Centerstone SBA Lending, Inc. (1), Citizens Bank (1), FCN Bank, National Association (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Gasoline Stations with Convenience Stores acquisition loans fail in Ohio?
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 Ohio?
13 of the 21 loans (62%) involved a franchise brand, most often Beck Suppliers Inc (6).
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Related
- All Ohio 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
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- Gasoline Stations with Convenience Stores in Wisconsin
- Gasoline Stations with Convenience Stores in Georgia
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Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.