NATIONWIDE GAS STATION / CONVENIENCE STORE / TRUCK STOP FINANCE

Please Note: As of January 2008, Independence Bank is currently lending to service station loans in the New England area only. Please check back periodically for changes in our service station lending areas.

Designed specifically for the service station owner:

• Purchase a Location
• Remodel
• New Construction
• Consolidate Debt / Refinance

Why Independence Bank for your gas station loan?
Here is what you need to qualify

Michael Sammartino has been our Director of Service Station financing for the past five years. You can call Michael directly and have confidence that he totally understands every aspect of the service station and convenience store business!

CALL MICHAEL SAMMARTINO TODAY AT:
1-888-824-8873, extension 318

Since 1996, we have been providing financing to the service station & convenience store industries. We are not brokers, so you save time and money! We are an FDIC insured bank that finances gas stations. We know and like this business. We offer the financial products necessary to help the operator grow:

• Simple pre-approval
• Quick closing: typically 30 days from receipt of full application & appraisal & environmental reports
• 70% loan to value
• Fixed rates available to qualified individuals with excellent credit
• Always have access to decision makers
• Working capital, improvement funds, and inventory funds always included in your loan

CALL MICHAEL SAMMARTINO, DIRECTOR OF SERVICE STATION LENDING

Toll free: 1-888-824-8873, extension 318
Direct line: 401.471.6318
Fax line: 401.884.9551
msammartino@independence-bank.com

WHY INDEPENDENCE BANK FOR YOUR GAS STATION LOAN?

• We are a Bank that loves this business, and has experience in your industry, saving you time and money.
• Most Banks won’t touch a service station- leaving you with no choice but to go with a broker who costs you lots of fees-not anymore! Just call Independence Bank.
• Chances are that your local Bank (that you hold your business accounts with) will tell you “Yes” when you ask them to finance your purchase of a service station property. And then, after you submit all the documentation they drag their feet, and eventually say no. Why? They do not want to take the time to do the proper due diligence it takes to lend to your industry. In fact, most of the decision makers probably know from the beginning that their bank won’t finance service stations! Don’t waste your valuable time. Independence Bank can pre-qualify your purchase quickly.
• We have financed several million dollars worth of service stations over the past nine years. Our customers are happy, and always refer us to their friends and associates
• We can finance anywhere in the United States, and you can bank electronically with us from your office computer- we offer some of the most competitive interest rates in the country- so ask us how to bank with us- it’s easy!
• and the most important reason… WE GET THE LOAN DONE. Period.

Here is what you need to qualify

• 25-30% Down Payment (can be less for existing owners with equity in their business. In addition, Seller Notes often qualify towards equity)
• Good Credit
• 70% Loan to Value, or additional collateral will be requested
• US Citizen or Legal Permanent Resident Status
• No Criminal Offenses
• Management Experience in the Industry
• Minimum Loan amount is $450,000