Gasoline Stations and Fuel Dealers

Businesses and organizations in the Gasoline Stations and Fuel Dealers industry (NAICS code 4471, part of the Retail Trade sector) received 51,429 PPP loans totaling $2.40B during the COVID-19 pandemic.

The average loan for this industry was $46,729 — below the national PPP average of approximately $67,000. This reflects the small business character of most participants in this industry, typically sole proprietors and micro-businesses with modest payroll obligations.

97.7% of loans in this industry were forgiven — totaling $2.38B. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include TERRIBLE HERBST, INC. of SOUTH LAS VEGAS, NV ($8,045,575); EASTERN PROPANE GAS, INC. of ROCHESTER, NH ($7,416,002); and WILSON OIL INC of LONGVIEW, WA ($5,553,567).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Retail Trade sector — selling merchandise to the general public for personal or household consumption. — businesses in NAICS 4471 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.