Deerbrook Lenders hands each store request to a funding partner, and that partner reviews it and sets any terms.
Three invented cases for a station store: a floor scrubber and a bean-to-cup coffee machine on a 42-month term loan, phone accessories and car-care stock for a new aisle on 60 days of inventory financing, and the same stock through a merchant cash advance taken from store card sales. The coffee machine's water line is property work.
At a glance
- Gasoline stations (NAICS 4471), Jackson County, MS
73 employer establishments (CBP 2023)
- Gasoline stations with fewer than five employees
30 of the 73, or 41.1% (CBP 2023)
- Convenience stores (NAICS 445120), Jackson County, MS
10 employer establishments (CBP 2023)
- Gasoline stations with a ZIP 39567 address
8 employer establishments (ZBP 2023)
A floor scrubber and a coffee bar for a Pascagoula, MS gas station store: a term loan
An invented case: a gas station store in Pascagoula, MS replaces mopping with a battery walk-behind floor scrubber at $7,940 and sets up a coffee bar around a bean-to-cup machine at $6,350, an invented $14,290.
On a 42-month term loan at 11.75% a year, the invented pair costs the store $416.62 a month. Spread over three and a half years, the invented payments come to $17,498.04, interest of $3,208.04 included.
The coffee machine needs a water line and may need a drain or a new outlet. Plumbing and wiring for it count as work on the building and stay outside this site; the request lists the coffee machine and the scrubber.
A funding partner may ask for the vendor quotes and the store's bank statements. Equipment financing is another route for machines with serial numbers, and the partner decides which product, if any, it offers.
Phone accessories and car-care stock for a new aisle: inventory financing at a Jackson County, MS convenience store
In a second invented case, a Jackson County, MS station store adds an aisle of phone chargers, cables and cases at $4,860 and car-care goods such as wiper blades, washer fluid, air fresheners and tire gauges at $3,290, an invented opening order of an $8,150.
With inventory financing at 14.95% a year, held 60 days while the aisle sells through, the invented order costs about $200.29 in simple daily interest. The stock itself may serve as the collateral, and a partner may ask for the vendor invoice.
A new category is a one-time cost on top of regular reorders, which is why the example finances it on its own. Small accessories hold their value only by selling, so a partner may also look at the store's card sales before it decides.
The same aisle of stock through a merchant cash advance at a Pascagoula, MS gas station
The same invented $8,150 order could come from a merchant cash advance instead. With a 1.22 factor, the store owes the funding source $9,943.00, a fixed cost of $1,793.00 in this invented case.
If the provider takes a 9% holdback from $1,395 of store card sales a day, the invented daily amount is $125.55, and the $9,943.00 is cleared after about 80 days of card sales.
Set against the inventory financing above, the invented advance costs $1,592.71 more for the same stock. The advance moves with card sales rather than a calendar, which is the trade a store weighs; an advance is not a loan, and the provider sets its own terms.
Gasoline stations and convenience stores in Jackson County, MS: staff sizes and ZIP 39567
County Business Patterns 2023 counted 73 gasoline stations with a payroll in Jackson County, MS (NAICS 4471). Their 562 employees work out to about 7.7 per station, and the 2023 annual payroll was $13.5 million.
A staff under five was the size at 30 of the 73 stations (41.1%). The same file listed 10 convenience stores (NAICS 445120), 7 of them with a staff under five.
In ZIP 39567, the 2023 ZIP Code Business Patterns file placed 8 gasoline stations and 3 convenience stores by street address.
Nonemployer Statistics 2024 keeps a separate count for businesses with no paid employees: 7 gasoline stations and 13 convenience retailers and vending machine operators in Jackson County, MS. The county and ZIP 39567 totals for all trades are on the Pascagoula, MS page, and restaurants and motels share this group on the industries page.
Fuel side and building work outside a Pascagoula, MS gas station request
Fuel dispensers, underground tanks, canopies, car wash bays and any walk-in cooler are site and building work outside this site. Buying a station or its land is outside this site as well.
Inside the store, equipment that plugs in or rolls, store stock, the coffee bar machine and payroll are business costs a gas station request can name, and the funding partner decides on each one.
By Deerbrook Lenders · Updated
