In general, borrowers shopping for a convenience store loan will be pleased with the number of options available to them. Together with conventional, Sba and a few Cmbs programs.
One of the biggest components to convenience store loans is whether or not the subject property offers gasoline. Basically any convenience store that offers gasoline will be classified as a gas center and borrowers should seek financing under that category. As a side note, we happen to be working with a borrower who had his convenience store loan in process. The over eager loan officer had it wrongly classified as convenience store(not as a gas station). As soon as the estimation company came out to the facility and reported its seeing to the funding bank the loan was immediately declined. This of policy wasted ,000 for the borrower and 3 months of his time.
Sba Loan
C-Store Loans
