Urgent Short Term Loans for Service Station Purchases

Settle on the site as it stands, then refinance once the environmental reports are done

Experts in strategic, short-term finance

Rated 5 out of 5Jason V

Hands down, the best private lenders in the biz
Gino, Alec and Finn are exceptional at what they do. Top tier communication and transparent service.

Rated 5 out of 5Rhowell Dela Rosa

Every settlement has been smooth
Gino and the team at Secured Lending are our go-to when a deal needs to move fast or fall outside bank criteria.

Rated 5 out of 5Rory Mcgrath

Always my top choice for nearly all private lending scenarios
I run and operate a private lending brokerage and have worked with Mark and the team for years.

Rated 5 out of 5Luke Egan

Speed to market on lending advances second to none
The owner is also one of best commentators on LinkedIn calling out poor lending and recovery practices.

Rated 5 out of 5amal maharaj

True professionals in the non bank lending space
Straight forward application and assessment process with clear communication till loan settlement.

Rated 5 out of 5Sam Algeri

Excellent service, quick approvals and seamless settlements
The team at Secured Lending, particularly Gino and Finn, are fantastic to work with.

Rated 5 out of 5sebastian wright

Speed, reliability, transparency
Exceptional team. Exceptional Service. Loved working with the team at Secured Lending.

Rated 5 out of 5Jordan Thomas

Gino & Finn are the best in the business
Quick and painless to deal with, keep up the great work SL team!

Rated 5 out of 5Wayne McCarthy

Always willing to think outside the box to get deals done
We've had a great experience working with Secured Lending.

Rated 5 out of 5JP G

Quick, responsive and reasonable
With all the shady characters in the private lending market, its refreshing to find good people to deal with.

Rated 5 out of 5Joel Togo

Always thorough on assessment and will give you a prompt answer
With clients that are in time sensitive situations, this is crucial.

Rated 5 out of 5David Pruscino

Always professional and supportive
It's a pleasure dealing with the Secured team.

Rated 5 out of 5Monica Monsigneur

A professional and common sense lender who delivers

Rated 5 out of 5Thomas de Fegely

Great options in the private space
Have been dealing with Finn from Secured Lending, he has been very responsive.

Rated 5 out of 5Andrew Soo

A very reliable funding partner
Highly recommended.

Rated 5 out of 5Phil Boyle

Very efficient, responsive
Finn was a great help to assist in a very timely manner.

Finance within

24 hours

Loans from

$250k to $10M

Rates from

9.7% p.a.

Terms

1 to 24 months

Service stations are among the harder properties to finance, because of the fuel tanks underground and the contamination risk that comes with them. When a bank is waiting on an environmental report before it will approve the loan, we can fund the purchase in as little as 24 hours.

We lend on freehold service station sites across Australia, whether they are leased to a fuel brand or run by the owner. We value the site in its current condition. We do not fund remediation or other works on the site.

Why banks hesitate with service stations

The NSW EPA says leaks from tanks and pipework at service stations are a common source of contamination, and that service stations make up the single largest sector of contaminated sites in NSW. In some cases, contamination must be reported to the EPA. Banks often want environmental reports before they lend, and those reports take time.

When service station buyers call us

•The bank is waiting on an environmental report
•You are buying a site from an oil company, with a fuel supply agreement in place
•The fuel brand lease is changing, and the site needs a new tenant or operator
•The current owner's loan is expiring, or your business has an ATO debt to clear
•You want to buy before another property sells

→Buying a contaminated or former industrial site

Settling on a service station

Reports first. Send the contract, any environmental reports and the lease or supply agreement. Indicative terms can be ready within hours.
Valuation. We value the site as it is today, using the environmental reports you provide.
Agreements. We review the fuel supply agreement or brand lease, because its term and rent affect the value.
Settlement. We can settle within a day of the letter of offer being signed.

Reports and contracts to send

•The contract of sale
•Any environmental site assessment and tank integrity reports
•The fuel supply agreement or brand lease
•Trading figures, if you will operate the site
•Your refinance plan

Loan options for a service station

•First mortgage: over the freehold site, valued in its current condition
•Second mortgage: over other property, where contamination limits the loan on the site
•Bridging loans: to complete the purchase while another property is still on the market
•Secured business line of credit: for environmental reports and holding costs

Service station loan terms

Loan feature	Detail
Loan size	$250,000 to $10,000,000
Interest rate	From 9.7% p.a. on a first mortgage, from 11.95% p.a. on a second mortgage
Term	1 to 24 months, interest only
Maximum LVR	70% of the lower of the site's current-condition value and the purchase price
Security	A first or second mortgage over the freehold site, and other property if needed. Never the tanks, pumps or fuel
Settlement	From 24 hours

Refinancing after the reports

Buyers usually refinance to a bank once the environmental reports are complete and the site's condition is known, or sell the site to an investor with a fuel brand lease in place.

“A service station is valued on its location and its fuel lease, and the environmental reports show what contamination is in the soil. Once we have seen them, we value the site in its current condition. The buyer can settle on time instead of waiting weeks for a bank to finish its checks. Send us the reports you have, and we will tell you the same day what we can do.”

Gino Tabila

Associate Director

Frequently Asked Questions

Yes. We value the site in its current condition, taking the environmental reports into account. We never lend on the value the site would have after remediation.

No. The loan is secured by the freehold property: the land and buildings. Tanks, pumps, fuel stock and the brand agreement are never the security.

We need to learn your scenario further. Send us the reports that exist and the contract, and we can tell you within hours whether we can settle on your date.

Yes. A site leased to a fuel brand is valued with its lease or supply agreement in mind. Send us the agreement, because its term and rent affect the value.

No. We fund the purchase, environmental reports and holding costs. Physical works on the site, including tank replacement and remediation, are not part of our loan.

It must be reported in some cases. The NSW EPA says some contamination at service station sites must be reported to it under the Contaminated Land Management Act. Your environmental consultant can tell you whether it applies to your site.

Where the environmental reports already exist, settlement can happen on the same day, depending on your scenario. If the reports are still being prepared, send what exists so the valuation can start.

Yes. We lend for working capital to service station operators, retailers and transport businesses, including stock and staff costs.