Rockreach Funding Group in Rocky Mount, North Carolina provides this loan calculator for station and convenience store owners pricing a purchase or an upgrade. Type in the amount, the annual rate and the number of months to see the monthly payment, the total interest and the total paid. Only your own figures go in; real rates and terms come from funding partners after review.
Gas Station Loan Calculator: How the Arithmetic Runs for Rocky Mount, NC Owners
The calculator does one piece of arithmetic: given an amount, an annual rate and a number of months, what is the fixed monthly payment and what does the loan cost in total? It does not value a station, predict a rate or say whether a partner will lend.
- Amount: the price or quote minus your down payment.
- Rate: the annual rate in an offer, or a figure you want to test.
- Term: how many monthly payments the offer schedules.
Run it twice for every offer: once at the offered term and once shorter. The gap in total interest shows what the longer schedule costs; the gap in the monthly payment shows what it saves each month.
Oil and Gas Business Loans and Fuel Retail in Edgecombe County, NC
The fuel retailers this calculator is built for numbered 25 employers in Edgecombe County, NC in 2023, with 135 workers between them (County Business Patterns, NAICS 4471). Oil and gas business loans in the drilling and pipeline sense are a different field; for a fuel retailer, the loans that matter are for buying a station, pumps and tanks, the store and its stock. Gas station financing covers each.
A station loan is read against fuel and inside sales together. Card processing statements split the two, and a partner may ask for gallons sold by month as well, so keep those records with the figures you enter here.
How to Get a Loan to Buy a Gas Station as an Edgecombe County, NC Owner
- Get the seller's tax returns, bank statements and card processing statements, and check that they agree.
- Get the fuel supply agreement and find out whether it transfers to a buyer.
- Read the lease, or price the land separately if it is for sale; real estate mortgages are outside what Rockreach arranges.
- Get environmental reports on the tanks.
- Use the calculator to test the payment against the station's past earnings.
Getting a business loan to buy an existing business lists the seller records in more detail.
How to Get a Loan for a Gas Station Upgrade in Rocky Mount, NC
An upgrade is a smaller loan on a shorter schedule. Illustration only, invented figures: $85,000 for dispensers and card readers over 60 months at an annual rate of 9% gives a payment of about $1,764.46 a month (our arithmetic). Enter the same figures above to check it.
Ask the fuel supplier whether it contributes to equipment upgrades under the supply agreement; any contribution lowers the amount to enter.
How to Get a Business Loan for a Gas Station: A Station Purchase Worked by Hand
Illustration only, invented figures: a buyer finances $520,000 for a station business and equipment at an annual rate of 10%. Over 180 months the payment is about $5,587.95 a month and total interest about $485,830.39; over 120 months the payment rises to about $6,871.84 and total interest falls to about $304,620.60 (our arithmetic).
- Monthly rate: the annual rate divided by 12.
- Payment: amount times the monthly rate, divided by one minus (1 plus the monthly rate) raised to the minus number of months.
- Total paid: the payment times the number of months.
- Total interest: total paid minus the amount.
Set the payment against the station's own monthly earnings after the owner's pay. If it does not fit with room to spare at the offered term, a longer term or a larger down payment is the conversation to have.
By Rockreach Funding Group · Updated
