Southwick Loans in Statesville, NC helps Iredell County gas station and convenience store owners request inventory financing, equipment financing and term loans from funding partners. County Business Patterns counted 87 gasoline stations and 11 convenience stores as employers in the county in 2023. This page covers fuel and store stock, coolers and pumps, buying a station and what partners review.
| Gasoline station employers, Iredell County, NC | 87 (CBP 2023, NAICS 4471) |
|---|---|
| Employees at those stations | 889 (CBP 2023) |
| Stations with under 5 employees | 33.3% (CBP 2023) |
| Convenience store employers | 11 (CBP 2023) |
| Stations with a ZIP 28677 address | 18 (ZBP 2023) |
| Grocery store employers, county | 40 (CBP 2023) |
Fuel and a store sharing one lot
A gas station with a store is really two businesses. Fuel moves in volume, and the fuel supplier may be paid within days of delivery. The store sells snacks, drinks, tobacco, lottery and prepared food, with many suppliers on different terms. Card processing costs sit on top of both.
The result is a business that handles a lot of money but keeps little of it at any moment. Funding needs show up when a fuel load has to be paid before the weekend's sales, when a cooler or dispenser fails, or when an owner wants to buy a second station.
How to get funding for a gas station purchase near Statesville, NC
Buying a station is a heavy lift and often a term loan, sometimes combined with property financing if the land and building are included. A commercial loan for a gas station purchase is reviewed on the station's own history: fuel gallons, inside sales, the supply agreement and the condition of the tanks and equipment.
- Get the seller's last two or three years of financial statements and tax returns.
- Collect fuel volume reports and inside-sales reports, ideally by month.
- Read the fuel supply agreement: its term, brand and any obligations that transfer.
- Ask for environmental and tank records; partners commonly request them.
- Call (704) 266-1084 with the purchase price and what it includes.
Gas station loan requirements and financing requirements partners apply
Gas station financing requirements differ from other retail because of the fuel side. Partners commonly review the items below, though no partner publishes fixed thresholds through us.
- Monthly fuel gallons and inside-store sales
- The fuel supply agreement and any branding terms
- Tank and environmental records
- Bank statements plus card-processor reports
- The lease or deed for the property
- Existing equipment and store debts
Convenience store business loans: stock and equipment
Store inventory may turn over often and can fit inventory financing or a line of credit, especially when a supplier offers a discount for a larger order. Walk-in and reach-in coolers, ice machines, food-service equipment and POS systems go through equipment financing. A convenience store business loan for a remodel or a food-service addition is usually a term loan.
Matching station needs to structures
| Need | Structure |
|---|---|
| Buying an existing station | Term loan |
| Store stock, bulk supplier orders | Inventory financing |
| Coolers, dispensers, POS, food-service gear | Equipment financing |
| Remodel or adding food service | Term loan |
An illustrative stock order, with invented figures
Invented figures, for arithmetic only. A supplier offers a store a better price on a $24,000 order of drinks and packaged goods if it is paid on delivery. At the store's normal pace, the order sells through over about six weeks. Inventory financing repaid as the goods sell lets the store take the larger order; the comparison that matters is the supplier saving against the total financing cost over those six weeks.
Stations and stores in Iredell County, NC by the numbers
County Business Patterns counted 87 gasoline station employers in Iredell County in 2023, with 889 employees, about 10 per station by our arithmetic, and about $23.1 million in annual payroll. Only a third (33.3%) had fewer than five employees. ZIP 28677 held 18 stations. Stand-alone convenience stores without fuel numbered 11 employers, and grocery stores 40.
Nonemployer Statistics counted 5 gasoline stations without employees in 2024, a separate count. Stock-heavy sectors are compared on the retail page; county totals are on the Statesville, NC data page.
By Southwick Loans · Updated
