Industries › Retail Trade › Gasoline Stations
NAICS 447Subsector0.4% of all approvals
SBA loans for gasoline stations
7(a) and 504 approvals to businesses SBA classifies under NAICS 447, with the lenders and states behind them.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 1,386 loans to businesses in gasoline stations (NAICS 447) in FY2021 to FY2025, worth $1.93bn: 1,202 under 7(a) and 184 under 504.
That is 0.4% of all approvals. Set against the 109,174 establishments the Census Bureau counts in the industry, it comes to 12.7 approvals per 1,000 establishments; across all industries the figure is 41.0.
In FY2025 there were 10 approvals, down 17% on FY2024. The median 7(a) approval was $1.1M, against $190K for all industries, and 62.1% of approvals went to franchise businesses.
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 2.8% as charged off, below the 6.6% for all industries.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Volume by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 6 | $11.8M | $928K | 0 | — | 6 | 26 |
| FY2025 | 10 | $14.9M | $1.1M | 0 | — | 10 | 54 |
| FY2024 | 12 | $12.0M | $707K | 0 | — | 12 | 59 |
| FY2023 | 26 | $25.2M | $399K | 0 | — | 26 | 126 |
| FY2022 | 173 | $239M | $1.0M | 68 | $65.4M | 241 | 1,940 |
| FY2021 | 981 | $1.45bn | $1.1M | 116 | $121M | 1,097 | 7,592 |
| FY2020 | 611 | $867M | $1.1M | 86 | $63.4M | 697 | 4,460 |
| FY2019 | 627 | $713M | $870K | 76 | $58.8M | 703 | 4,634 |
| FY2018 | 598 | $713M | $874K | 79 | $59.1M | 677 | 4,308 |
| FY2017 | 690 | $777M | $923K | 99 | $65.6M | 789 | 4,968 |
| FY2016 | 684 | $742M | $850K | 61 | $50.4M | 745 | 5,110 |
SBA records the NAICS code in force when a loan was approved. The 2022 NAICS revision renumbered parts of retail trade and information, so some lines of business appear under one code before FY2023 and another after. FY2016–FY2020 approvals under this code: 3,611.
Within this subsector
| NAICS | Industry group | Approvals, FY2021–FY2025 | Share |
|---|---|---|---|
| 4471 | Gasoline Stations | 1,386 | 100.0% |
Lenders most active in this industry
By number of approvals, FY2021–FY2025; 285 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Metro City BankDoraville, GA | 80 | $119M | 5.8% | |
| 2 | Celtic Bank CorporationSalt Lake City, UT | 61 | $116M | 4.4% | |
| 3 | Wallis BankWallis, TX | 50 | $98.7M | 3.6% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 50 | $91.3M | 3.6% | |
| 5 | Commonwealth Business BankLos Angeles, CA | 41 | $66.1M | 3.0% | |
| 6 | Byline BankChicago, IL | 38 | $46.0M | 2.7% | |
| 7 | TD Bank, National AssociationWilmington, DE | 38 | $9.2M | 2.7% | |
| 8 | The Huntington National BankColumbus, OH | 33 | $36.5M | 2.4% | |
| 9 | Open BankLos Angeles, CA | 31 | $70.1M | 2.2% | |
| 10 | PCB BankLos Angeles, CA | 30 | $70.2M | 2.2% | |
| 11 | Citizens BankElizabethton, TN | 29 | $37.4M | 2.1% | |
| 12 | Enterprise Bank & TrustClayton, MO | 23 | $35.9M | 1.7% | |
| 13 | HomeTrust BankAsheville, NC | 22 | $22.7M | 1.6% | |
| 14 | The MINT National BankKingwood, TX | 21 | $38.4M | 1.5% | |
| 15 | Bank of HopeLos Angeles, CA | 19 | $46.4M | 1.4% | |
| 16 | T Bank, National AssociationDallas, TX | 19 | $43.9M | 1.4% | |
| 17 | Bank of the OrientSan Francisco, CA | 16 | $26.4M | 1.2% | |
| 18 | Hanmi BankLos Angeles, CA | 15 | $33.6M | 1.1% | |
| 19 | Merchants Bank of IndianaCarmel, IN | 15 | $19.1M | 1.1% | |
| 20 | Embassy National BankLawrenceville, GA | 15 | $18.6M | 1.1% |
States
| # | State of the business | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Texas | 269 | $458M | 19.4% | |
| 2 | California | 218 | $449M | 15.7% | |
| 3 | Georgia | 130 | $178M | 9.4% | |
| 4 | Washington | 103 | $213M | 7.4% | |
| 5 | Illinois | 63 | $75.7M | 4.5% | |
| 6 | Wisconsin | 57 | $65.3M | 4.1% | |
| 7 | Minnesota | 48 | $31.3M | 3.5% | |
| 8 | Florida | 42 | $45.1M | 3.0% | |
| 9 | New York | 31 | $18.0M | 2.2% | |
| 10 | Indiana | 29 | $22.3M | 2.1% | |
| 11 | North Carolina | 28 | $30.0M | 2.0% | |
| 12 | Arizona | 27 | $43.0M | 1.9% | |
| 13 | Ohio | 25 | $24.6M | 1.8% | |
| 14 | Tennessee | 18 | $18.6M | 1.3% | |
| 15 | Michigan | 17 | $16.5M | 1.2% |
Franchise brands
62.1% of approvals carried a franchise code.
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Chevron | 33 | 2.4% | |
| 2 | AM/PM Mini-Mart Agreement | 26 | 1.9% | |
| 3 | SEI Fuel Services, Inc | 23 | 1.7% | |
| 4 | U.S. Oil | 22 | 1.6% | |
| 5 | Classic Star Group | 21 | 1.5% | |
| 6 | Sunoco, LLC | 21 | 1.5% | |
| 7 | World Fuel Services, Inc Wholesale Supply Agreement | 17 | 1.2% | |
| 8 | Phillips 66 Branded Reseller Agreement | 16 | 1.2% | |
| 9 | World Fuel Services Inc. | 15 | 1.1% | |
| 10 | Christensen Inc. dba Powell Product Sales Agreement | 14 | 1.0% |
Approval sizes
- $50,000 or less5.1%70
- $50,001 to $150,0003.2%45
- $150,001 to $350,0007.6%105
- $350,001 to $1 million32.0%444
- $1 million to $2 million28.3%392
- Over $2 million23.8%330
Age of the businesses
- Existing, more than 2 years old44.0%610
- New business, 2 years or less21.1%293
- Startup, loan funds will open the business13.4%186
- Change of ownership21.4%296
- Not answered0.1%1
Charge-offs against all industries
| Loans approved FY2010–FY2021 | This industry, 7(a) | All 7(a) | This industry, 504 | All 504 |
|---|---|---|---|---|
| Approvals in these years | 8,476 | 639,905 | 1,243 | 85,591 |
| Cancelled or never disbursed | 1,447 | 79,313 | 246 | 12,514 |
| Disbursed loans | 7,029 | 560,592 | 997 | 73,077 |
| Paid in full | 5,263 | 435,813 | 526 | 35,491 |
| Charged off | 194 | 36,891 | 24 | 905 |
| Still outstanding (status exempt from disclosure) | 1,572 | 87,888 | 447 | 36,681 |
| Charged off, share of disbursed loans | 2.8% | 6.6% | 2.4% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.8% | 2.5% | 1.6% | 0.9% |
| Dollars charged off | $56.5M | $5.70bn | $11.0M | $499M |
Against all industries
| FY2021–FY2025 | NAICS 447 | All industries |
|---|---|---|
| Median 7(a) approval | $1.1M | $190K |
| Median 504 approval | $806K | $657K |
| Average approval | $1.4M | $573K |
| Approvals per 1,000 establishments | 12.7 | 41.0 |
| Approvals to franchise businesses | 62.1% | 11.2% |
| Jobs supported per approval, as reported | 7.0 | 10.5 |
Questions and answers
Which lenders make the most SBA loans for gasoline stations?
By approvals in FY2021 to FY2025: Metro City Bank (80), Celtic Bank Corporation (61), Wallis Bank (50), Readycap Lending, LLC (50), Commonwealth Business Bank (41). 285 lenders had at least one.
How large are typical SBA loans for gasoline stations?
The median 7(a) approval was $1.1M and the median 504 approval $806K; the average across both programs was $1.4M.
What share of SBA loans for gasoline stations are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 2.8% are recorded as charged off, against 6.6% for all industries; for 504 loans, 2.4% against 1.2%.
Which states have the most SBA loans for gasoline stations?
Texas (269), California (218), Georgia (130), Washington (103), Illinois (63).
Is SBA lending for gasoline stations rising?
Approvals in the three latest complete fiscal years total 48, against 2,035 in the three before: falling (-98%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error