NEW YORK · NAICS NAICS 447 and 457 families
New York gas station and c-store deals split between high-volume metro sites and corridor properties along I-87 and I-90, with very different demand and traffic models. 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 408 gas station and c-store projects across New York between FY2010 and FY2026, moving $131.6 million in approved capital at an average ticket of $322,000. That volume places New York at #10 of 38 states measured for gas station and c-store SBA activity, or 1.0% of national gas station and c-store dollars. The 7(a) program carried 95.3% of the loan count, with 504 taking the balance, and 51 approvals have hit the pipeline since FY2024.
| Disbursed loans (FY2010–FY2026) | 408 |
| Approved volume | $131.6 million |
| Average loan size | $322,000 |
| 7(a) share | 95.3% |
| Approvals since FY2024 | 51 |
| State rank by loan count | #10 of 38 |
Among the 318 seasoned loans in this segment (approvals FY2010–FY2021), 10.7% 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 above the national benchmark for this asset class, which is a factor lenders weigh in their credit decision.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 10.7% adverse-resolution rate against the national gas station and c-store benchmark of 4.3% tells credit committees to scrutinize revenue projections and coverage assumptions closely on New York deals in this class. A rigorous third-party feasibility study — built on documented demand, defensible pricing, and stressed coverage — carries meaningful weight in that underwriting conversation, particularly at an average loan size of $322,000 across 408 loans.
Every New York 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.
New York projects 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, while SBA 7(a) covers acquisitions, working capital, and equipment. From July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
The I-87 and I-90 corridors and dense metro sites split the class into two distinct demand models.
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.
Compare neighboring markets: New Mexico, North Carolina, Texas.
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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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