Retail business funding for a Lawrenceburg, TN gas station store covers the store side: equipment such as a frozen drink machine or a freezer case, shelf stock, and the payroll and bills between deliveries. Fuel equipment and fuel purchases stay outside this site. Requests reach Wrenway Funding by phone or form and go on to independent funding partners for a decision.
Store machines fit an equipment loan, extra stock from a delivery change fits a line or inventory financing, and the request is clearer when the store's inside sales are shown apart from fuel sales.
Gas station financing for a frozen drink machine and a novelty freezer case in Lawrence County, TN: one equipment loan
A frozen drink machine and a novelty freezer case by the register are freestanding store equipment: both plug in, both can be moved, and both can serve as collateral for an equipment loan. Putting them on one loan means one payment and one set of papers.
Illustration only, invented figures: a Lawrence County, TN station store prices a two-barrel frozen drink machine at $11,640 and a novelty freezer case at $6,980, $18,620 together. Carried on one loan for 48 months at 11.75% a year, the pair costs $488.05 a month, and the 48 payments come to $23,426.40.
How a loan differs from an equipment finance agreement or a lease is laid out on the equipment financing page. A syrup supplier that offers its own machine program is one more quote to set against these figures.
Deliveries cut from weekly to every other week: retail business funding for the extra stock on a Lawrenceburg, TN store's shelves
A distributor can change a store's route from a weekly delivery to one every other week. The store then buys two weeks of stock at once, and the shelves and back room hold more of it.
Illustration only, invented figures: a Lawrenceburg, TN convenience store's weekly order runs $4,860. On the new schedule, each delivery is $9,720, so every two weeks the store pays for the second week's stock seven days sooner than before. Carrying that $4,860 on a line at 13.35% a year for those seven days costs $12.44 per delivery, or $323.44 over 26 deliveries in a year (simple daily interest, our arithmetic).
A working capital loan is the alternative when the store would rather cover the first larger delivery with fixed payments. Inventory financing is built for stock bought to resell and is paid down as it sells.
Convenience store financing starts with the store's own numbers: inside sales apart from fuel on a Lawrence County, TN statement
At a station store, card settlements from the pumps and the register can land in the same bank account. A request for store funding is clearer when the store's own sales are visible on their own:
- Register reports by department (packaged drinks, snacks, frozen drinks, grocery) by week or month
- Card processor statements, split by terminal or merchant account where the store has more than one
- Distributor invoices showing what the store buys and how it pays for deliveries
- Bank statements covering the same months as the register reports
A funding partner may ask for some of these, along with time in business and a credit check. The fuel side of the business is not part of a request through this site; showing inside sales on their own keeps the request about the store.
Register cash, a credit line or equipment financing: a Lawrenceburg, TN station store's three choices in one table
For the invented $18,620 drink machine and freezer case above, the three choices compare like this:
| Choice | Cash out at purchase | Monthly cost | Who holds title |
|---|---|---|---|
| Register cash | $18,620 | None | The store |
| Credit line draw | None (drawn on the line) | Interest on the balance until it is repaid | The store; the line stays drawn until it is paid down |
| Equipment loan, 48 months | Any down payment the partner sets | $488.05 | The store, with the partner's lien until payoff |
Paying cash avoids interest but takes the money away from stock and payroll. A line draw keeps the payment flexible but uses the line for months. The equipment loan fixes the payment to the machines' own schedule. The station store industry page has the county counts, and the blog lists the other posts.
By Wrenway Funding · Updated
