GEORGIA · NAICS NAICS 447 and 457 families
Georgia gas station and c-store deals run on some of the heaviest interstate volumes in the Southeast along the I-75, I-85, I-95, and I-20 corridors. Studies translate fuel volume, inside-sales mix, foodservice capture, and brand standards into defensible projections, and align the Phase I environmental file with lender and SBA expectations.
FEASIBILITY TRIGGER
Gas stations are special-purpose under SOP 50 10 8, so a third-party feasibility study is normally required, Phase I environmental due diligence applies, and elevated equity is the norm.
SBA 7(a) and 504 lenders funded 967 gas station and c-store projects across Georgia between FY2010 and FY2026, moving $1.00 billion in approved capital at an average ticket of $1.0 million. That volume places Georgia at #4 of 38 states measured for gas station and c-store SBA activity, or 7.4% of national gas station and c-store dollars. The 7(a) program carried 94.2% of the loan count, with 504 taking the balance, and 68 approvals have hit the pipeline since FY2024.
| Disbursed loans (FY2010–FY2026) | 967 |
| Approved volume | $1.00 billion |
| Average loan size | $1.0 million |
| 7(a) share | 94.2% |
| Approvals since FY2024 | 68 |
| State rank by loan count | #4 of 38 |
Among the 827 seasoned loans in this segment (approvals FY2010–FY2021), 1.6% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for gas station and c-store is 4.3%, against 7.3% across all industries. That performance runs below the national benchmark for this asset class, a credit-positive signal for lenders.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 1.6% adverse-resolution rate below the national gas station and c-store benchmark of 4.3% supports the credit story for well-underwritten Georgia projects in this class. Across 967 SBA loans averaging $1.0 million, that track record does not eliminate the need for a third-party feasibility study, but it means a rigorous study reinforces rather than defends the projections.
Every Georgia gas stations and c-stores project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Georgia projects most often fit SBA 504 where owner-occupied real estate anchors the deal, with the 50/40/10 structure delivering up to 90 percent financing at a fixed debenture rate. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Gasoline stations with convenience stores rank among Georgia's top five SBA categories over the past decade, a direct product of the I-75, I-85, I-95, and I-20 corridors carrying some of the heaviest interstate volumes in the Southeast, and the class is a primary driver of the state's second-largest-in-the-nation average loan size.
For a national view of this asset class, see our gas station and c-store SBA feasibility overview, and read our related analysis in the gas station and c-store lending research on our blog. Lenders and CDCs can order an SBA gas station feasibility study tested against SBA’s Appendix 7 environmental rules.
Fifteen-minute scoping call, written proposal inside one business day, firm fixed fee before you sign.
Book a MeetingOur SBA feasibility study consultants prepare fuel, convenience store and travel center studies for lenders, CDCs and sponsors. See pricing, methodology or request a fixed fee quote.
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