Tealford Business Capital in Houma, Louisiana helps Terrebonne Parish, Louisiana gas stations and convenience stores request funding. The parish counted 68 gas stations and 10 convenience stores in 2023. This page covers gas station lenders and lending, funding and financing for pumps and canopies, buying a station and convenience store loans.
At a glance
- Gas stations, Terrebonne Parish, LA
68, 62 with convenience stores (County Business Patterns 2023)
- Convenience stores without fuel
10 (County Business Patterns 2023)
- Gas station employees
498 (County Business Patterns 2023)
Gas Station Lenders and the Station Count in Terrebonne Parish, LA
County Business Patterns counted 68 gasoline stations in Terrebonne Parish, LA in 2023, 62 of them gas stations with convenience stores, with 498 employees and $12.2 million in payroll, about $24,534 per employee (our arithmetic); 42.6% had fewer than five employees (County Business Patterns 2023). Convenience stores without fuel added 10, 78 in all (our arithmetic, adding two codes).
Lenders to stations include banks and credit unions for purchases, fuel suppliers that fund equipment as part of a supply agreement, equipment finance companies for dispensers and canopies, and specialty funders for working capital. Tealford matches a request with funding partners; a partner reviews and decides.
Gas Station Lending: Costs and Supply Agreements Side by Side
- Rate, term and total cost for each piece of equipment.
- Any fuel supply agreement tied to equipment funding, and its length.
- Environmental reports a funder requires for a purchase.
- Whether the lien covers the real estate, the equipment or both.
- What any personal guarantee would reach.
A supplier's equipment program can look inexpensive while binding the station to a supply contract for years. Compare it with independent financing on total cost over the same period.
Gas Station Funding: Terms to Check in the Equipment Agreement
Dispensers, tanks and canopies have long working lives, and funders read their age and compliance status. Read the agreement for who is responsible for maintenance and inspections, what happens if the equipment is removed or upgraded, and whether the funding transfers if the station is sold.
Loan to Buy a Gas Station in Houma, LA, Step by Step
- Agree on price in a letter of intent, with fuel volume and store sales disclosed.
- Get the seller's returns, fuel delivery records and store sales reports.
- Order the environmental reports a funder names.
- Send the request with the purchase price as the amount.
- Compare offers and coordinate permits and licenses before closing.
Gas Station Financing for Dispensers and Canopies
Illustration only, invented figures: four dispensers at $24,500 each, $98,000 in all, financed over 84 months at an invented 9.4% annual rate cost about $1,597 a month (our arithmetic). A $135,000 canopy and lighting replacement financed over 120 months at an invented 9.8% annual rate adds about $1,769 a month.
Equipment financing covers loans and leases for both.
Gas Station Business Loan for a Station Purchase, Worked Through
Illustration only, invented figures: a buyer agrees to $980,000 for a Terrebonne Parish, LA station with its land and store, brings $196,000 and finances the rest over 180 months at an invented 10.3% annual rate. Our arithmetic gives about $8,569 a month. Tealford does not arrange the real estate portion on its own; a purchase that includes land is read by partners that fund business acquisitions with property.
Partners read fuel sales and in-store sales separately, because the two earn on different terms and a funder wants to see each.
Working Capital at a Fuel Station Between Fuel Loads and Sales
A station pays for each fuel delivery on the supplier's terms and recovers it over the days the load sells, while store stock, payroll and card processing fees run alongside. Terrebonne Parish, LA gas stations counted 498 employees in 2023 (County Business Patterns 2023). A revolving line can carry the timing between a fuel payment and the sales that replace it; a one-time need, such as replacing a cooler bank or a point-of-sale system, fits equipment financing or a short working capital loan.
Partners read fuel delivery records beside bank deposits to see how quickly each load turns into cash, so keep both organized before requesting.
Convenience Store Loans and the Records Behind a Request
Convenience stores without fuel stock fast-moving goods and run coolers and point-of-sale systems. Inventory financing or a line covers the stock; equipment financing covers coolers.
- Business tax returns and monthly financial statements.
- Fuel and store sales reports, separately.
- Card processing and bank statements.
- Equipment quotes or a purchase agreement, and any supply agreement.
- Licenses and permits a partner asks to see.
Term loans and the Houma, LA page cover the rest.
By Tealford Business Capital · Updated