2026 Complete Guide • 14,800 monthly searches

Best Loans for Gas Stations & Convenience Stores in 2026

Compare 5 loan types for gas stations and c-stores: SBA, Equipment, Commercial Mortgages, Lines of Credit, and Term Loans. Real costs, approval times, and success stories.

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Loan Types

$25K–$5M

Range

24hrs

Fastest

Lowest ARP

Gas Station Loan Calculator

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Get personalized financing recommendations for your location

💰 Amount Needed

$50K - $2M

$1,360,000

📊 Monthly Revenue

$10K - $500K

$50,000

🏷️ Credit Score

Fair

590

ESTIMATED MONTHLY PAYMENT

$21,116

per month for 10 years

TOTAL COST (PRINCIPAL + INTEREST)

$$2.5M

PRINCIPAL

$$1.4M

INTEREST

$$1.2M

💡 Your Loan Details

Interest Rate (APR)

14%

Loan Term

10 Years (120 months)

Annual Payment

$$253K

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5 Gas Station Loan Types Compared

Each serves different gas station and c-store needs

SBA 7(a) Loan

FLEXIBLE

Amount

$50K–$5M

Rate

6.5–10% APR

Term

10–25 years

Approval

30–90 days

Best for: Acquiring a gas station, buying the property, major canopy/tank upgrades $200K+

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Key Advantages

Lowest rates (6.5–10%)

Long terms

Can finance real estate

Up to $5M

Considerations

Slowest (60–90 days)

Environmental review required

680+ credit

Success Story

Patel Energy, Houston: Used $2.1M SBA loan to acquire a BP station with C-store — now owns property generating $28K/month net.

Commercial Mortgage

VERSATILE

Amount

$500K–$5M+

Rate

6–8% APR

Term

15–25 years

Approval

30–60 days

Best for: Purchasing the real estate under an existing gas station or acquiring a branded location

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Key Advantages

Large amounts available

Long amortization

Property as collateral

Considerations

Complex environmental due diligence

Requires 25–35% down

Success Story

Singh Properties, Dallas: Purchased gas station real estate for $1.6M — property value increased 40% in 3 years.

Equipment Financing

IMMEDIATE

Amount

$25K–$500K

Rate

6–18% APR

Term

2–7 years

Approval

1–5 days

Best for: Fuel dispensers, canopy upgrades, car wash equipment, coolers, POS systems

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Key Advantages

Fast (1–5 days)

Equipment is collateral

600+ credit OK

Considerations

Equipment use only

Personal guarantee

Success Story

Murphy's Gas, Atlanta: Replaced 8 fuel dispensers for $180K — fuel throughput increased 22% and EMV compliance achieved.

Business Line of Credit

FLEXIBLE

Amount

$25K–$500K

Rate

10–30% APR

Term

Revolving

Approval

3–14 days

Best for: C-store remodel, food service addition, EV charging installation, any expansion

View Details

Key Advantages

Pay only on usage

Reusable

Fast access

Considerations

Variable rates

Annual fees

650+ credit

Success Story

Valley Stop, Phoenix: Used $120K LOC for seasonal inventory build — turned 4x in 90 days, saving $18K vs MCA.

Business Term Loan

FAST

Amount

$25K–$500K

Rate

8–30% APR

Term

1–5 years

Approval

3–14 days

Best for: C-store remodel, food service addition, EV charging installation, any expansion

View Details

Key Advantages

Flexible use

Fixed payments

620+ credit OK

Considerations

Higher rates than SBA

Personal guarantee

Success Story

Sunrise Fuel & Food, Sacramento: Used $220K to add hot food service — added $12K/month in new revenue within 60 days.

Which Loan for Your Situation?

Salons & Spas-specific scenarios and recommendations

Gas Station & Convenience Store

Recommended:Business Term Loan

SITUATION OVERVIEW

Open a second location with a term loan.

TYPICAL COSTS

Initial Setup$80K-120K

Equipment & Furniture$120K-180K

Working Capital$50K-100K

TOTAL ESTIMATE$250K-400K

BEST LOAN OPTIONOptimized for this scenario

Business Term Loan

FUNDING SPEED7-14 Days

INTEREST RATE6-11% APR

Designed specifically for salon expansion scenarios with flexible terms and ideal collateral requirements

WHY THIS WORKS BEST

Flexible terms align with business growth timeline

Proven track record for similar business scenarios

Structured to match your revenue growth pattern

Calculate Your Payment

Gas Station & Convenience Store

Recommended:Business Term Loan

SITUATION OVERVIEW

Open a second location with a term loan.

TYPICAL COSTS

Initial Setup$80K-120K

Equipment & Furniture$120K-180K

Working Capital$50K-100K

TOTAL ESTIMATE$250K-400K

BEST LOAN OPTIONOptimized for this scenario

Business Term Loan

FUNDING SPEED7-14 Days

INTEREST RATE6-11% APR

Designed specifically for salon expansion scenarios with flexible terms and ideal collateral requirements

WHY THIS WORKS BEST

Flexible terms align with business growth timeline

Proven track record for similar business scenarios

Structured to match your revenue growth pattern

Calculate Your Payment

Gas Station & Convenience Store

Common questions about financing for salons and spas

What documents do I need to apply for a salon loan?

Typically, you'll need 3-6 months of business bank statements, recent tax returns (personal and business), a valid government ID, and proof of business ownership. Some lenders may also request a business plan or financial projections for larger loans. Equipment financing often requires less documentation since the equipment serves as collateral.

How long does it take to get approved?

Approval times vary by loan type. Equipment financing can be approved in 2-5 business days. Revenue-based financing often provides same-day decisions. Business lines of credit typically take 3-7 days, while traditional term loans may take 7-14 days. Having all your documents ready can significantly speed up the process.

What credit score do I need to qualify?

Credit requirements vary by loan type and lender. Traditional bank loans typically require scores of 680+. SBA loans generally need 650+. Alternative lenders and revenue-based financing can work with scores as low as 500-550, though rates will be higher. Equipment financing is often more flexible since the equipment serves as collateral.

Can I get a loan for a new salon with no business history?

Yes, but your options may be more limited. Startup loans, SBA microloans, and equipment financing are often available to new businesses. Lenders will place more weight on your personal credit score, industry experience, and business plan. Having a strong personal credit history and a detailed business plan with realistic projections will improve your chances.

What can I use the loan funds for?

Most business loans can be used for a variety of purposes including equipment purchases, renovations, inventory, marketing, working capital, and expansion. Equipment financing is specifically tied to equipment purchases. Some SBA loans have specific use requirements. A line of credit offers the most flexibility for ongoing business needs.

Are there any prepayment penalties?

This varies by lender and loan type. Many modern lenders offer loans without prepayment penalties. However, some traditional term loans and SBA loans may have prepayment fees if you pay off the loan early, especially within the first 1-3 years. Always ask about prepayment terms before signing any loan agreement.

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2-7 Day Equipment Loans

$10K-$5M

Funding Range

80-90%

Practice Financing

5% APR

Starting Rate

16,200

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