SBA 504 Gas Station Loan Data
SBA 504 loans are widely used to finance gas station acquisitions, real estate, and equipment upgrades.
Explore real loan volume, average deal size, and lending trends to see how fuel station owners are using SBA financing across the U.S.
Gas Stations
Market Analysis
A comprehensive look at SBA 504 lending activity for Gasoline Stations (NAICS 457110 & 457120), covering loan volume, geography, lender participation, and borrower profile from FY2023 through FY2026 (as of 12/31/2025).
Number of Loans by Fiscal Year
Dollar Volume by Fiscal Year
Key Takeaway
Gas station 504 lending is on a strong upward trajectory — loan counts jumped from 89 in FY2023 to 108 in FY2024, and dollar volume has climbed steadily each year to $182.8M in FY2025. Average loan sizes are growing too, signaling larger-ticket projects coming through the pipeline.
SBA 504 Approval Amount Brackets
Loan Term & Business Profile
Loan Term Length
Business Maturity
Key Takeaway
Unlike many small business industries, gas station 504 loans cluster in the $1M–$5M range — 190 of 317 loans (60%) fall in this bracket. The average loan is nearly $1.5M, reflecting the capital intensity of fuel station real estate and equipment. Notably, 47% of borrowers are either startups, new businesses, or change-of-ownership deals — a much more dynamic market than dental practices, where 90% are established operators.
Top 15 States by Loan Count
Top 15 States by Dollar Volume
Top Counties
| County | State | Loans |
|---|---|---|
| San Bernardino | CA | 18 |
| Tulare | CA | 10 |
| Kern | CA | 8 |
| Los Angeles | CA | 7 |
| San Diego | CA | 6 |
| San Joaquin | CA | 4 |
| Fresno | CA | 4 |
| Maricopa | AZ | 4 |
| Riverside | CA | 4 |
| Santa Clara | CA | 4 |
| Gwinnett | GA | 4 |
| Shasta | CA | 4 |
Key Takeaway
California absolutely dominates — 99 loans ($194.2M) representing 41% of total dollar volume. The footprint is heavily Central Valley and Inland Empire: San Bernardino (18), Tulare (10), Kern (8), San Joaquin (4), and Fresno (4) combine for 44 loans. Georgia and Texas are the top non-California markets, and Washington punches above its weight with just 12 loans but $30M in volume (avg $2.5M per deal).
| CDC Name | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| Mortgage Capital Development Corp | 46 | $92,153,000 | $2,003,326 |
| Florida Business Development Corp | 19 | $26,064,000 | $1,371,789 |
| Advantage Certified Development | 18 | $49,385,000 | $2,743,611 |
| Mountain West Small Business Finance | 12 | $11,946,000 | $995,500 |
| Florida First Capital Finance | 11 | $11,450,000 | $1,040,909 |
| WBD, Inc. | 11 | $10,331,000 | $939,182 |
| Empire State Certified Development | 10 | $10,824,000 | $1,082,400 |
| Greater Sacramento Certified Dev | 10 | $13,282,000 | $1,328,200 |
| California Statewide Certified | 9 | $16,134,000 | $1,792,667 |
| North Texas Certified Development | 8 | $9,431,000 | $1,178,875 |
Key Takeaway
Mortgage Capital Development Corp is the clear #1 — 46 loans and $92M in volume, more than double the next closest CDC. Advantage Certified Development shows the highest average loan size at $2.74M, suggesting they specialize in larger fuel station projects. Between MCDC, Greater Sacramento, and California Statewide, California-based CDCs alone originated 65 of the top 100 gas station 504 loans.
| Lender | Loans | 504 Volume |
|---|---|---|
| East West Bank | 12 | $24,195,000 |
| Celtic Bank Corporation | 12 | $35,159,000 |
| Banner Bank | 8 | $12,004,000 |
| CalPrivate Bank | 7 | $8,273,000 |
| Plumas Bank | 6 | $9,388,000 |
| Tri Counties Bank | 6 | $9,177,000 |
| Open Bank | 6 | $11,555,000 |
| Bank of Stockton | 5 | $14,343,000 |
| Wells Fargo Bank, N.A. | 5 | $6,396,000 |
| M&T Bank Corporation | 5 | $2,185,000 |
Key Takeaway
This is a community and regional bank market. East West Bank and Celtic Bank lead in loan count, but Celtic has the highest volume at $35.2M — averaging nearly $2.9M per deal. Notice the heavy California footprint: Plumas Bank, Tri Counties Bank, Bank of Stockton, and Open Bank are all regional California lenders. Only two of the top 10 (Wells Fargo and M&T) are major national banks, underscoring the importance of local lender relationships in this industry.
Dollar volume has grown 63% from FY2023 to FY2025 ($112M → $183M). Loan counts are up 20% over the same period. Gas stations are one of the most active and expanding segments in the SBA 504 portfolio.
With an average 504 loan of $1.49M and total project sizes averaging $3.86M, gas station deals are 4× larger than a typical dental practice. This is a market for lenders who can handle mid-size commercial real estate transactions.
Nearly half of all borrowers (47%) are startups, new businesses, or change-of-ownership deals — a stark contrast to established-operator industries. This creates opportunity for lenders comfortable with acquisition financing and first-time owner-operators.