Local Voices
Northeast Financial - Gas Station Financing
Gas Station Financing
This is Steven Spiridigliozzi with Northeast Financial here to tell you about what we offer for Gas Stations. We are a US Commercial Lender with a focus on New England, NY, NJ, and PA. At Northeast Financial we work with an array of property types and one in particular is Gas Stations. Northeast Financial is one of the only commercial lenders that will work with gas station in the area. If you get turned down by your banks then we are your financial sources for you, because when banks say “NO”, were here to help.
Here is what Northeast Financial has to offer you for your Gas Station:
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-On the Property:
• Loans must be secured by real estate
• No Business only financing
• Brand or non-brand is acceptable
• We can do owner operated or investor
• Gas stations with convenient store is ok
• Full service available
• SBA and Non-SBA
• No start-ups, Only established businesses
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-Program requirements:
• Minimum Commercial loan size is $250,000
• 15,20,25, and 30 year amortizations
• Full Doc.
• Fixed and variable rate options
• Purchase loans, and refinances
• 2 year seasoning for a refinance
• Minimum 620 credit score
• Full recourse guarantee required
-Documents Required:
• 3 year business and personal tax return
• Personal financial statement dated within the past 60 days
• Business interim financial statements
• Supplier agreement
• Franchise agreement
• Phase 1 / phase 2
• AR/AP schedules
• Purchase agreement if applicable
If you are interested in purchasing or refinancing a Gas Station or have any other questions please don’t hesitate to call me, Office: (845)208-1011 or email me at steve@northeast-mortgage.com. I am looking forward to hearing from you.