Gasoline Stations with Convenience Stores acquisitions in Texas: SBA loan data

How Gasoline Stations with Convenience Stores in Texas compares

The median for loans to buy gas stations in Texas is $1,507,000, well above the $870,000 median for all Texas acquisitions, in line with 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 $928,250 to $2,310,500, 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 6.97%, below the 7.76% national average.

Seasoned loans were charged off at 0.8%, well below the 4.8% rate for all Texas acquisitions, in line with the 0.9% rate for Gasoline Stations with Convenience Stores acquisitions nationwide and well below the 3.5% rate for all acquisition loans.

Loan size distribution

Most loans to buy gas stations in Texas (72%) were $1M or more, and the largest single band is $1M to under $2M at 38%, against 19% of all acquisition loans.

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

Lender concentration

Metro City Bank made 23% of loans to buy gas stations in Texas, and the top three lenders together made 38%. 23 of the 49 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.

Recent activity

In FY2025 and FY2026 combined, 72 loans to buy gas stations in Texas were approved. That is 112% more than the 34 approved in FY2023 and FY2024. The median was $1,910,500, above the $1,507,000 median across all years.

Gasoline Stations with Convenience Stores acquisition loans in Texas by year

How often do these acquisition loans fail?

Of the 122 Gasoline Stations with Convenience Stores in Texas acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 0.8% by loan count and 0.4% by dollars. 76 have already been paid in full.

For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Gasoline Stations with Convenience Stores in Texas is 77% lower than the acquisition-loan average. 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 Texas 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 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
• Gasoline Stations with Convenience Stores in Oklahoma
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Small samples move a lot: each loan in this combination is 0% of the count. Industry is the NAICS code the lender recorded. See the methodology.