Business Financing for Georgia Gas Stations

The main reasons that lenders and traditional banks are so reluctant to offer financing to Georgia gas stations is one of the fundamental reasons your business is likely to get approved for business financing from Greenbox Capital. The business income for gas stations is not predictable, and it is looked at as a cash business, this is why banks shy away from granting loans for this industry. Typically, for banks, gas stations have too much risk; unless there is excellent credit, long and profitable operating history, and collateral to back it up. On the flip side, one of the chief reasons that Greenbox Capital offers business financing to gas stations is because of the high amount of cash. Strong cash flow, stability, and potential for success are major factors when approving funding. A low credit score and lack of collateral is not a detriment to merchant cash advances from Greenbox Capital for Georgia Gas Stations.

Greenbox Capital financing solutions are built to fit Georgia gas station models. Cash funding is based on your future cash and credit card sales for the company. Our requirements are simple and few; the business needs to have been open and in operation for a minimum of six months and revenue must average a minimum of $7,500 a month for the last three months. Following those requirements, you may qualify for an advance equal to 70% to 100% of your monthly revenue.photo-gas-station

Turn Your Future Sales Into Instant Cash

Georgia gas stations with fairly high credit card transaction volume may obtain $5,000 to $250,000 in as fast as 24 hours depending on the needs at hand. The funding product is Merchant Cash Advance1. This is also commonly referred to as “credit card receivable funding”, this is because the funder purchases the borrower’s future sales. Payback is fully-automated, and the majority of business owners claim they don’t even “feel” the repayments with each transaction. However, if your sales or credit transactions are not that strong, our advisors may set you up with collateral (aka assets) backed financing. This may qualify you for a cheaper rate!

As an alternative lender, our mission is to help small businesses throughout the US, Puerto Rico and Canada grow and succeed; we have the expertise to provide affordable funding programs to Georgia gas stations. Our easy payback options are designed to fit seamlessly into your company’s operations with next to no administrative work for yourself. You may choose split-funding or our Automated Clearing House payback models (ACH). Fixed ACH payments are deducted either every day or weekly from your business bank account. This is ideal for the gas station owner who keeps a close eye on cash flow. Always knowing how much is owed helps to manage cash flow. Then, once you have paid back 50% of the advance, Greenbox Capital may renew the advance as well as increase the amount. If your gas station qualifies for Business Line of Credit you may renew the advance without having paid back 50%. This keeps cash ready for fast access when it is needed.

Along with a line of credit, different programs include Early Pay-off at 30, 60, or even 90 days from the date you received funding to receive a discount for pay-off. For every 30 days that the funding is paid early, the merchant may receive a rate reduction. Our Escrow Program gives gas stations the ability to receive funding prior to paying off existing cash advances with other lenders. A 3 Stip Business Cash Advance requires a voided check, driver’s license, and verification of a bank account. Gas stations can then receive up to $30,000. Visit 3 Stip Business Cash Advance for more details.

Growth Trends for Georgia Gas Stations

Georgia based gas stations are becoming more and more profitable, but for survival, they must be able to adapt quickly to ever changing demands of consumers. The most influential trend among gas stations is the transformation into convenient marts, as well as food services. Working capital financing can support your goals to expand operations, acquire additional locations, or even purchase a franchise. Your opportunities are endless with business financing. However, along with the motivation to grow, there are daily operational requirements of running a gas station. Not only must payroll be met and inventory on hand, but your Georgia operation is vulnerable to environmental issues. Quick and easy access to cash for your gas station can mean the difference between a massive and destructive setback, to just a minor slowdown because of an emergency; such as a hurricane.

Whether your plan is to grow right now or get your business in order before launching strategic initiatives, access to working capital is the way to achieve your business goals.  

¹ Greenbox Capital Merchant Cash Advances may not be available in all regions of the United States or Canada.

For a free consultation, please complete our application or contact our Merchant Account Service Team.