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GAS STATION REQUIREMENTS
If the NAICS code begins with 447 (gas station with or without a c-store), a Phase I report is required at minimum.

All USTs, lines and related equipment located on the property must be tested within twelve (12) months prior to loan closing. Any defective equipment must be replaced or repaired prior to closing and seller credits are not acceptable.

An SBA Environmental Indemnification Agreement will need to be executed from any oil company, seller, or subsequent owners of any contaminated property releasing any claims and causes of actions against SBA, CDC and Lender.

In addition, SBA will need to review and approve all Dealer or Jobber agreements.

Indemnification Letter
Effective Rates
October 2014

20 Year Rate: 4.82%
10 Year Rate: 4.69%

FEATURED SUCCESS STORY

Perkins Family Restaurant
Perkins Family Restaurant

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Serving Washington, Oregon & Idaho

(509) 458-8555 or (800) 540-1748
9019 East Appleway, Ste 200
Spokane Valley, WA 99212