Mintmead Funding, a small-business funding service in Louisville, Kentucky, explains gas station loans for Jefferson County owners: commercial loans to buy a station, equipment financing for pumps and canopies, fuel and store stock, convenience store funding and the county's figures for stations and convenience stores.
At a glance
- Gas stations, Jefferson County, KY
209 employers (CBP 2023)
- Convenience stores without fuel
68 employers (CBP 2023)
- Stations under 5 employees
31.1% (CBP 2023)
- Convenience stores under 5 employees
86.8% (CBP 2023)
Commercial loan for a gas station
A commercial loan for a gas station is a term loan for a large one-time cost: buying a station, rebuilding a store, adding a canopy. Fuel loads and store stock are short-term costs that fit inventory financing or a line. Pumps, payment terminals, coolers and car wash equipment fit equipment financing.
Fuel Stations and Stand-Alone Convenience Stores, Jefferson County, KY
Gasoline stations counted 209 employer establishments in Jefferson County in 2023, with 1,757 employees; 31.1% had fewer than five employees (County Business Patterns 2023, NAICS 4471). Convenience stores without fuel counted 68, 86.8% of them under five employees (NAICS 445120).
By our arithmetic, stations averaged about 8.4 employees each and convenience stores about 2.3. Nonemployer Statistics, a separate program, counted 12 stations and 61 convenience stores without paid employees in 2024.
How to get a loan to buy a gas station? What Louisville, KY owners should check
- Get the seller's tax returns, fuel volume and in-store sales by month.
- Separate the price into land and building, equipment, fuel and store inventory, and goodwill.
- Get environmental reports on the tanks and the site.
- Read the fuel supply agreement and whether it transfers.
- Decide how much of your own money goes in.
A partner reviews all of it, and the environmental history of the site can matter as much as the sales.
How to get a loan for a gas station? How it plays out in Louisville, KY
For an operating station, the request is about one cost at a time: a pump replacement, a store remodel, a cooler wall, a stock-up. Describe the cost, bring the quote and the station's bank statements, and the request goes to partners that handle that kind of cost.
Gas station equipment financing, explained for Louisville, KY owners
Pumps and dispensers, payment terminals, canopy lighting, coolers, ice machines and car wash bays can each secure their own financing. Equipment that has to meet changing payment-card standards is a candidate for a lease; long-lived fixtures can be bought outright. Ask whether installation is part of the amount financed.
Illustration only, invented figures: replacing two dispensers at $22,000 each, $44,000 in all, financed at 11% over 60 months gives a payment of about $957 a month by our arithmetic, about $57,400 over the term.
Convenience store funding for owners in Jefferson County, KY
A convenience store without fuel funds stock, coolers and security systems, and its sales come in daily. A line of credit drawn for stock and paid down from sales fits that pattern. Card-heavy stores may also be offered merchant cash advances, which are not loans; compare one in total dollars before signing.
Fuel deliveries and card deposits at a Louisville, KY station
A station's bank statements carry two rhythms: large debits to the fuel supplier tied to each delivery, and daily card and cash deposits from pump and store sales. Set twelve months of both side by side, with the delivery schedule, and a partner can see the widest gap between paying for a load and collecting the sales that cover it. That gap, not monthly sales, is what a line for fuel should be sized to.
County Business Patterns 2023 shows $53.3 million in annual payroll across the county's 209 gas station employers, about $30,311 per employee by our arithmetic. ZIP 40207 held 8 stations. Nonemployer Statistics 2024, a separate program, put receipts for the 12 stations without paid employees at $706,000 in all.
Splitting a Jefferson County, KY station price: invented figures
Illustration only, invented figures: a station sells for $1,250,000, split as land and building $800,000, pumps, tanks, coolers and terminals $220,000, fuel and store stock $80,000, goodwill $150,000. The buyer puts in $250,000, and a term loan covers $1,000,000 at 10% over 240 months: about $9,650 a month by our arithmetic, about $115,803 a year. Each part of the split may be read differently: the equipment can secure equipment financing, the stock can be counted at closing, and goodwill is not a physical asset at all.
Gas station business loan: what Louisville, KY owners weigh
Line up the payment against the station's slowest month, the total cost in dollars, what secures the loan and whether the fuel supplier has a claim on equipment it supplied. Gas stations sit inside the broader retail store business loans page, and grocers have their own page. Other trades are listed on the industries hub.
By Mintmead Funding · Updated