Why gas stations in Iowa qualify
Gas stations are classified under Gasoline Stations with Convenience Stores, which is an eligible category. That takes industry off the table and leaves the same four things every file is read on: average daily balance against revenue, time in business, negative days and NSFs, and existing positions.
The cash-cycle problem
Immediate receipts, thin fuel margin, with the shop carrying most of the profit.
In Iowa that usually means capital goes to fuel inventory, pump and canopy upgrades, POS, car wash addition, store refresh.
Fuel price swings move deposits sharply without demand changing.
What applies in Iowa
Iowa funds normally on every tier — no extra restrictions apply.
Most of this activity sits around Des Moines, Cedar Rapids and Davenport.
Vermont, North Dakota and South Dakota sit outside the lending area on every product. California and New York carry extra restrictions on the revenue-based tier.
Environmental and tank compliance requirements apply. Licensing is not a funding threshold here, but an expired licence shows up in diligence.
The Iowa economy runs on agriculture and manufacturing, and gas stations here largely track that base rather than the weather.
The published thresholds
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
Questions
Do you fund gas stations in Iowa?
Yes. Gas stations are classified under Gasoline Stations with Convenience Stores, which is an eligible category .
What credit score is needed?
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
How fast can funding arrive?
Same-day decision and next business day funding on a complete file — the application plus three months of business bank statements.
What if revenue is seasonal?
Fuel price swings move deposits sharply without demand changing. Underwriting reads the average and the deposit count, not the peak month.