Irvine, CA – February 28, 2016
Business Loan Capital, an Irvine based private commercial lending firm, has just released its newest lending product to the market, gas station financing. BLC made the announcement recently and will immediately begin offering SBA 504 and conventional loan programs on Gas Stations and C-Stores throughout the US. The addition of this unique property type to its list of already diverse loan programs further positions BLC as the commercial real estate lender of choice for small business loan applicants across the nation.
There are an estimated 120,000 branded gas stations nationwide with over 82% of those containing C-stores. The vast majority of branded stations are owned and operated as independent retailers by small business owners. According to the National Association of Convenience Stores, 58% of the retail gas stations in the US are owned by an individual or family that owns a single store, with many more owning multiple locations. In the latest January 2016 survey, these small business gas station operators employ over 915,000 jobs across the country.
Business Loan Capital has an established history of effectively servicing the needs of small business owners as evidenced by its year over year growth in fundings. Recently, BLC met the needs of the market again by implementing their commercial conventional loan program, serving the non-SBA purchase and refinancing needs of small business owners. “These new products are, once again, BLC answering the needs of our referral sources and representatives of the small business community,” said Fred Mills President and CEO. Business Loan Capital continually demonstrates the desire and ability to serve and provide capital to the owner occupied commercial real estate market.
For more information, contact David Manser, BLC’s Director of Commercial Lending at (877) 774-4240.