IS A RIGHT TIMING TO DO GAS STATION BUSINESS?

In Market Conditions - Asked by FRED T. - May 11, 2009
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Answer(s)

Stephen F.
Lender/Mortgage Broker
Maple Shade, NJ

If the numbers work out to show it as a profitable venture and you have the funds to put down and operate the business then I would say yes. Loans are particularly difficult to get for gas stations in the current market due to current SBA regulations. The SBA is trying to change the guidelines which currenlty require seller indemnification and a Phase 2 Environmental to be performed. These are costly and have turned many banks away from doing them. In my experience there are only a few lenders able to lend to gas stations currently.

May 11, 2009
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Jose L.
Broker/Agent
Dallas, TX

Do you know any lenders for gas station?

May 13, 2009
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Gregory G.
Broker/Agent
San Francisco, CA

What area?
http://www.gregorygarver.com

Sep 1, 2009
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