Requests from Laurinburg, North Carolina fuel stations and convenience stores go through Stonebend Capital Group to funding partners. This page covers dispensers and canopies, fuel-volume records, buying a station or store, store equipment and Scotland County counts.
At a glance
- Gasoline stations, Scotland County, NC
25 gasoline station employer establishments, Scotland County, NC (CBP 2023)
- Gasoline stations, ZIP 28352
18 gasoline station employer establishments with a ZIP 28352 address (ZBP 2023)
- Convenience stores, Scotland County, NC
6 convenience store employer establishments without fuel, Scotland County, NC (CBP 2023)
Gas Station Financing for a Canopy, Dispensers or a Tank-Monitoring Upgrade
Gas station financing pays for the fuel side of the business: dispensers that take current card readers, canopy repairs and lighting, tank-monitoring systems and other site work. These are large purchases with a long life, and equipment loans or term loans spread them over several years.
Gasoline stations numbered 25 employer establishments in Scotland County, NC in 2023, with 184 paid employees (County Business Patterns), and 18 of them had a ZIP 28352 address. The equipment financing page covers the store side as well.
Gas Station Lenders and the Fuel-Volume Records They Review
Gas station lenders look at fuel volume as well as store sales: gallons sold per month, the margin per gallon, the fuel supply agreement and its term, and how in-store sales compare with fuel sales. Monthly fuel reports, supplier invoices, card processing statements and bank statements carry that information.
Lenders also ask about the property: whether the business owns or leases it, the age of the tanks and any environmental reports. Having those ready helps a request move.
How to Buy a Gas Station Business: Fuel Contracts, Tanks and the Store Itself
Buying a gas station business means buying the store, the fuel operation and, often, the real estate. The buyer should read the fuel supply agreement, since it may run for years and set prices and volumes; check the tanks' age and compliance records; and review the store's sales and stock.
A term loan can cover part of a business purchase; real estate is financed separately and is not arranged here. An environmental review of the site is commonly part of a station purchase, and lenders may require one.
How to Buy a Convenience Store and Finance the Inventory That Comes With It
A convenience store sale usually includes stock, counted near closing and priced at cost. The buyer needs money for the purchase and for keeping shelves full afterward. An inventory loan or a line of credit can cover the stock, while a term loan covers the business itself.
Lenders read the seller's sales, the stock count and the lease. The inventory financing page explains how stock secures the loan that buys it.
Convenience Store Funding for Reach-In Coolers, Shelving and a New Register
Convenience store funding for the store side pays for reach-in and walk-in coolers, beverage and ice equipment, shelving and gondolas, a point-of-sale system and security cameras. Each can be financed as equipment, or several can be combined into a store remodel on a term loan.
Grocery stores numbered 12 employer establishments in Scotland County, NC in 2023, a count that includes 6 convenience stores, and 24 of the 25 gasoline stations had convenience stores (CBP). The short-term loan article works through a cooler-and-stock example.
Scotland County, NC Fuel Station and Convenience Store Counts
County Business Patterns counted 25 gasoline stations in Scotland County, NC in 2023, 24 of them with convenience stores, and 6 convenience stores without fuel, two codes that together come to 31 (our sum). Gasoline stations were the county's fourth-largest four-digit industry by employer establishments, after restaurants and other eating places, religious organizations and offices of physicians.
Of the 25 stations, 8 had fewer than five employees; all 6 convenience stores without fuel did. The 25 stations had 184 paid employees and about $3.4 million in annual payroll.
An Invented Dispenser Upgrade at a Laurinburg, NC Station
Illustration only, invented figures: a Laurinburg, NC station replaces 4 dispensers at $21,500 each, $86,000 in all (our arithmetic), to take current card readers.
Spread across 72 months at an invented annual rate of 9.75%, the dispensers would cost about $1,582 a month (our arithmetic). Installation, site work and permits may add to the cost; ask the lender whether it finances them along with the dispensers.
Tank, Environmental and Supplier Questions to Settle Early
Questions about tanks, environmental history and the fuel supplier tend to come up in any station request, so they are worth settling early. Ask the current owner or landlord for tank records and any environmental reports, and read the fuel supply agreement for its term, volume commitments and what happens on a sale.
Regulatory requirements for tanks and fuel sales are set by state and federal agencies; confirm them with those agencies or a professional advisor. Lenders want to know the answers, but they do not provide them.
Read more on the blog about which papers to gather before applying.
By Stonebend Capital Group · Updated
