Gas station funding can accelerate your business, grow your customer base and improve your bottom line. If you choose to invest in your service station, you can continue to please your customers while making crucial developments to your current space. You won’t find the right financing opportunities everywhere, but the ideal source for gas station business loans will help keep your business moving along.

        Finding the Right Gas Station Loans

If you’ve never considered a small business loan, you might wonder where to find service station lending. There are three major sources you can choose from when you’re seeking

funding. Each has its own benefits and downsides. Banks and the Small Business Administration are two popular ways to get gas station loans. Even though they both provide large-scale loans, they also have high rejection rates, especially when working with small businesses. Also, the SBA has stringent guidelines on how you can use gas station business loans.

 In many cases, the best way to secure gas station loans is through alternative lenders. These sources have quick, easy applications and can provide you with immediate access to cash. They do not prevent poor cash flow from getting in the way of securing gas station loans, so they have higher acceptance rates than banks and the SBA.

      Smart Ways to Use Service Station Financing:

 

-Business Expansion

 If you think your business could benefit from some extra fuel pumps or parking spots, you can use service station loans to add onto your business. As a result of this physical growth, you can expect an increase in the amount of drivers filling up your space.

 

-Hire Service Attendants

 If you’ve noticed an increase in the number of customers coming to your gas station, you might want to bring on more employees. No matter if your business is a full- or self-service station, you

can always benefit from adding more workers to your operations. Gas station loans can provide you with the funding to pay your employees and offer them high quality benefits that will keep them happy on the job.

 

-Equipment Financing

 If your current gasoline equipment is showing its age, you might want to use this financing to purchase new nozzles, hoses, or pumps. Plus, many gas stations today have auto repair shop garages and drive through car washes to offer additional services. Using gas station loans for purchasing specialized equipment is a smart investment for your repair shop and automated car wash parts of your business.

 

-Purchase Inventory

 Gas stations, whether combined with a convenience store or not, will often require an infusion of capital in order to keep up on inventory requirements. A bridge loan can cover the upfront costs of stocking up on inventory and offer a quick and easy solution during peak times of the year.

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   Why Choose A1 Financial for Your Gas Station Business Loan?

  -Simple application process (60 secs only)

  -Business loans of up to $15 million

  -Receive funds within 24 hours

  -No hidden fees

  -Early payoff discounts

    (ask ahead if it's your plan, for best results)

  -Flexible loan term options

 

   Gas Station Industry Analysis

The oil and gasoline industry are consistently successful, as most people need to fill up their tanks a few times a week.

According to the U.S. Energy Information Administration, the nation consumed about 7.5 billion barrels of petroleum in the year 2018.

Even as many Americans have begun to rely on ridesharing apps instead of owning vehicles, the oil industry has remained consistent. Uber and Lyft drivers need gas too! New Jersey is currently the last state that requires all gas stations to be full-service. The state of Oregon passed a law that allows drivers to pump their own gas in early 2018, according to the

Washington Post. However, highly populated areas in this state, such as Portland, Salem, and Eugene, still require gas station attendants to pump gas for drivers. This industry has been around for over a century, since the first gas-run cars joined the mainstream. This market is unwavering, no matter the cost

of gas prices. That’s why it’s the right time to invest in gas

station loans to grow your business.

 

    Accelerate Your Business with Fast Funding from A1

When you invest in gas station business loans, you have the opportunity to improve the reach of your business. An alternative lender like A1 can provide you with the right gas station loans to fit the many needs and demands impacting your market. We provide you with fast access to cash so you can work on growing your business right away. If you own several businesses, you can work with A1 to secure different types of loans, including auto repair shop loans and convenience store loans. Don’t let strict rules from banks and the SBA keep you from improving your gas station business. Click to apply now, get funded tomorrow.