Gasoline Stations with Convenience Stores acquisitions in Utah: 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 Utah, totaling $23.7M. The median loan was $1,128,750. That is 2.5% of the 708 acquisition loans in Utah.
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 Utah is 83% higher than the $617,950 median for all Utah acquisitions, and 21% 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 4.8% of seasoned Utah acquisition loans of any type.
Gasoline Stations with Convenience Stores acquisition loans in Utah by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $9.4M | $1,110,000 | |
| FY2019 | 1 | $1.3M | $1,308,100 | |
| FY2020 | 3 | $2.9M | $471,000 | |
| FY2021 | 2 | $890K | $444,950 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 4 | $6.6M | $1,633,250 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 3 | $2.6M | $729,700 |
How often do these acquisition loans fail?
Fewer than 20 Gasoline Stations with Convenience Stores in Utah 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.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Continental Bank | 4 | 22.2% | $1.8M | |
| 2 | America First Federal Credit Union | 3 | 16.7% | $4M | |
| 3 | Open Bank | 2 | 11.1% | $3.9M | |
| 4 | Citizens Bank | 2 | 11.1% | $3.6M | |
| 5 | Bank of Utah | 2 | 11.1% | $1.8M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Jackson Food Stores | 4 | 22.2% | $8.7M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Questions buyers ask
How much do SBA loans for Gasoline Stations with Convenience Stores acquisitions in Utah run?
The median SBA 7(a) loan was $1,128,750 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 Utah?
Continental Bank (4), America First Federal Credit Union (3), Open Bank (2), Citizens Bank (2), Bank of Utah (2).
How often do Gasoline Stations with Convenience Stores acquisition loans fail in Utah?
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 Utah?
12 of the 18 loans (67%) involved a franchise brand, most often Jackson Food Stores (4).
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Utah acquisitions
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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.