Gasoline Stations with Convenience Stores acquisitions in South Carolina: SBA loan data
Since FY2018, SBA lenders have approved 10 7(a) loans to buy an existing business classified as Gasoline Stations with Convenience Stores in South Carolina, totaling $10.6M. The median loan was $792,500. That is 1.5% of the 683 acquisition loans in South Carolina.
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How this compares
The median Gasoline Stations with Convenience Stores loan in South Carolina is in line with the $755,000 median for all South Carolina acquisitions, and 45% 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 4.5% of seasoned South Carolina acquisition loans of any type.
Gasoline Stations with Convenience Stores acquisition loans in South Carolina by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 5 | $3.7M | $734,500 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $480K | $480,000 | |
| FY2022 | 1 | $2.8M | $2,841,000 | |
| FY2023 | 1 | $993K | $992,800 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $1.9M | $1,860,000 | |
| FY2026 | 1 | $735K | $735,000 |
How often do these acquisition loans fail?
Fewer than 20 Gasoline Stations with Convenience Stores in South 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.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 3 | 30.0% | $2.1M | |
| 2 | Citizens Bank | 2 | 20.0% | $1.8M | |
| 3 | Ameris Bank | 1 | 10.0% | $2.8M | |
| 4 | American Pride Bank | 1 | 10.0% | $1.9M | |
| 5 | FDIC - Community Bank & Trust-West Georgia | 1 | 10.0% | $735K |
Top franchise brands
No franchise brands recorded in this combination.
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 South Carolina run?
The median SBA 7(a) loan was $792,500 across 10 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 South Carolina?
TD Bank, National Association (3), Citizens Bank (2), Ameris Bank (1), American Pride Bank (1), FDIC - Community Bank & Trust-West Georgia (1).
How often do Gasoline Stations with Convenience Stores acquisition loans fail in South Carolina?
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 South Carolina?
3 of the 10 loans (30%) involved a franchise brand.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All South Carolina 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 10% of the count. Industry is the NAICS code the lender recorded. See the methodology.