Greendale Funding of Gallatin, Tennessee helps Sumner County, TN gas station and convenience store owners request inventory financing for fuel and stock, equipment financing for pumps and coolers, and term loans to buy or rebuild a station. The county counted 79 gasoline station and 15 convenience store employers in 2023. Partners review and decide.
At a glance
- Gasoline station employers, Sumner County, TN
79 (CBP 2023, NAICS 4471)
- Convenience store employers, Sumner County, TN
15 (CBP 2023, NAICS 445120)
- Stations under five employees
51.9% (CBP 2023)
How to get a business loan for a gas station in Gallatin, TN?
Split the request by what it buys. Fuel and store stock are inventory financing; pumps, tanks monitoring, coolers and point-of-sale systems are equipment financing; buying, rebuilding or adding a car wash is a term loan. Stations that are mostly a store share the questions on the retail funding page.
| NAICS group | Employers | Employees | Annual payroll | Under 5 employees | In ZIP 37066 |
|---|---|---|---|---|---|
| Gasoline stations (4471) | 79 | 522 | $15.9 million | 51.9% | 29 |
| Convenience stores (445120) | 15 | 25 | $0.9 million | 93.3% | 8 |
Together the two codes counted 94 employers (our sum: 79 + 15). Gasoline stations averaged 6.6 employees each by our arithmetic; the convenience-store employee count carries a high Census noise flag, so no average is given for it.
Can you get a loan for a gas station?
Yes, partners fund stations, and a station request can be large and document-heavy. Expect questions about fuel volume, the fuel supply agreement, store sales, the age of tanks and dispensers, and environmental records for the site.
Business loans for a convenience store
Convenience stores without fuel turn stock fast and in small amounts. Of the county's 15 employers, 14 had fewer than five employees (CBP 2023). A line of credit fits supplier invoices; coolers and shelving are equipment.
Gas station financing around Gallatin, TN
Illustration only, invented figures: a station orders a 9,000-gallon load at $2.80 a gallon, $25,200 due on delivery. If it sells 1,500 gallons a day, the load is gone in six days (our arithmetic: 9,000 / 1,500), and receipts from the load come in over that week, most by card. The funding question is the few days between paying for the load and settling the cards.
How to get a loan to build a gas station? A short answer for Gallatin, TN
A new build is a land, construction and equipment request in one, and partners read the site, the fuel supply agreement, the builder's estimate and the owner's operating history. Zoning and environmental approvals come first; a loan's payments should start after opening.
For approvals in the city, the planning commission guide lists questions to ask.
Convenience store loans: a Gallatin, TN primer
- Store sales by month and fuel gallons by month, if any
- The fuel supply agreement and its term
- Lease or deed, and remaining term
- Equipment ages: dispensers, coolers, POS
Other retail and service businesses are on the industry overview.
A station's weekly cash view
Fuel loads, card settlements, store deliveries and payroll each run on their own calendar. Write eight weeks forward with each one dated. The days between paying for a load and settling the cards are the gap; store stock and payroll add to it.
- Fuel deliveries and their payment terms
- Card settlement days
- Store supplier invoices
- Payroll dates
- Loan and equipment payments
Records a partner reads for a gas station request in Gallatin, TN
- Fuel gallons and store sales by month for two years
- The fuel supply agreement
- Bank and card-processing statements
- Equipment list: dispensers, tanks monitoring, coolers, POS
- Lease or deed and environmental records for the site
Owners buying a station should ask the seller for the same list before making an offer.
Sumner County, TN fuel stations by ZIP and by payroll
ZIP Code Business Patterns placed 29 of the county's 79 gasoline stations in ZIP 37066 in 2023, 36.7% by our arithmetic. County Business Patterns counted $15.9 million in annual payroll across the stations' 522 employees, about $30,500 per employee by our arithmetic, and 38 of the 79 had five or more employees (79 minus the 41 under five).
Nonemployer Statistics counted 10 gasoline stations without payroll in 2024; it is a separate program and is not added to the employer count.
Card settlement timing at a Gallatin, TN fuel counter
Illustration only, invented figures: a station sells $9,000 of fuel and store goods a day, 85% on cards. If the processor settles two business days later, about $15,300 of sales is in transit at any time (our arithmetic: $9,000 x 0.85 x 2). A weekend adds days before settlement, which is why the weekly cash view dates each one.
Processing fees come off each settlement, so read the processor's statements for the net amount deposited and set those dates against the fuel supplier's invoices.
By Greendale Funding · Updated