Gas Station Funding
There are over 150,000 gas stations in the United States, the majority of which are owned by individuals, families, and independent owners. Stand out from your competition, stay up to date with environmental standards, and fuel your gas station’s growth with up to $500,000 in funding from Greenbox Capital® in just 24 hours.
Fast, Easy Gas Station Funding When You Need It
Gas stations typically process a high volume of transactions, but traditional lenders consider gas station funding to be “high risk” due to factors such as unpredictable income, thin margins, and the prevalence of cash transactions. That means getting the gas station funding you need from a traditional lender can be difficult.
With a streamlined online application, faster turnaround, and flexible approval requirements, Greenbox Capital can approve more gas station funding than traditional lenders. Businesses with a high volume of cash or credit card transactions, such as gas stations, are ideal candidates for funding from alternative lenders, and we can often approve your gas station loan in as little as one business day. Greenbox Capital offers a number of different types of small business funding to help grow your gas station, with funding from as low as $3,000 up to $500,000, and we fund all types of gas stations, including independent gas stations, gas and convenience retail, truck stops, service stations, and more.
How To Use Gas Station Funding
There are no restrictions on how you can use gas station funding from Greenbox Capital. Gas station funding is typically best used for supporting growth initiatives that will increase your revenue, such as:
- Repairing or upgrading infrastructure
- Adding charging stations for electric vehicles
- Upgrading equipment to offer more services
- Expanding to offer a convenience store, food services, car wash, or service center
- Purchasing inventory for your convenience store or retail outlet
- Expanding to another location
- Renovating your existing location to offer an updated, modern appearance
- Improving security
Alternative gas station funding can also help when you need a quick influx of working capital to meet the unique challenges of running a gas station, such as:
- Maintaining environmental standards and keeping up with regulatory changes
- Fluctuating oil prices and strict supplier agreements
- Lukewarm customer loyalty
- High competition from other local gas stations
How Gas Station Funding Works
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1
Apply
Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
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2
Choose Funding
A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.
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3
Get Funded
Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
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4
Set Repayment
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.
Will You Qualify for Gas Station Funding?
Exact qualification requirements depend on the type of gas station funding you are seeking. Approval for gas station funding from Greenbox Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
Gas Station Funding Q&A
I’m heading into my heavy season and need to stock up on inventory. What type of alternative funding is available?
A merchant cash advance may be a suitable funding option for purchasing inventory for your gas station. One of our Funding Advisors can assist you in selecting the best funding for your goals.
What do I need to do to qualify for a small business loan?
We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
How do I get funding for a gas station?
You can get funding for a gas station from traditional lenders like the SBA or a bank, as well as from alternative lenders like Greenbox Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score—and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances. Contact one of our Funding Advisors to learn more.
I want to add a car wash to my gas station and need to get funding to support this project. How soon can I get funding from you?
Once you submit our simple application, you can be approved and funded within 24 hours. Talk with one of our friendly Funding Advisors to review all your available funding options.
Why should I consider an alternative lender for my gas station funding?
Most traditional banks consider gas stations to be high-risk and will not fund them. As an alternative lender, we have different approval requirements, and can approve more funding for “high risk” industries. We can provide you with the funds you need to cover project expenses, labor, materials and more, often in less than 24 hours.
