“I highly recommend Placer Funding, Inc. to those seeking a loan for a gas station.  After several months of discussions with banks and bankers, which were not willing to approve a loan for my construction project, I contacted Placer Funding.  Placer Funding’s counseling, understanding my goals, my project, their detailed underwriting process, the team work, and their follow through were the reasons for success in obtaining the cooperation of a willing bank to fund my loan and complete my Arco ampm project.”

C. Kim, President & CEO - 2/10/2011

"In 2008 I was approached by BP Arco about purchasing my site.  They made me raze and rebuild my site in order to sell me the land, and I decided it was worth it.  I have never built a new station from scratch before; my experience has been full of running stores that were already built.  I had no clue on where to start or how to approach the project.  The biggest problem that I faced was finding financing for the project.  I sent 20 -30 copies of all my financial data to various banks, lenders and brokers, who led me along with promises of “We’re working on it,” only to turn up with nothing.  This went on for 2 years.  Everyday was stressful, talking to various lenders, sending reports, data, taking up all my time and leaving me with headaches and less time to focus on my business. 

I then met with Placer Funding and my whole life changed.  They took charge of the entire project, from finding various lenders, to helping us decide on how to proceed with construction.  Edward Pascoe has full knowledge of the gasoline industry and even had a store himself years ago.  He knew the situation I was in and was even able to break down my costs and show me if the project was worthwhile or not.  Any questions I had were fully answered, any time I wanted to talk directly to them, someone always picked up the phone.  They found me the construction loan needed to build my store, and then found me the long-term financing at the best rates and terms for my permanent loan.  There was a small fee for the work they did for me, but it was well worth it.  Their entire staff is excellent, saving me time, my health from all the stress of building my first store, and a lot of money in the long run from the terrific rates and terms on my loan.  My store is now built and looking back at 2.5 years of struggles of talking to banks and lenders, stress from trying to figure out how to build a new store, finding Placer Funding and getting their help was the most important business decision I have ever made." 

Joe Basra, Basra Associates Inc., Multi-site BP/Arco Am/Pm Dealer – 7/12/2011