NATIONAL ASSOCIATION OF TRUCKSTOP OWNERS

"We are delighted that Phoenix has entered into an exclusive contract to provide merchant banking services to all members of NATSO."

Dewey Clower, President
Phoenix Financial Services to arrange financing for NATSO members

TRUCK STOP and
TRAVEL PLAZA FINANCING

Phoenix Financial Services enjoys close working relationships with several major lenders for Truck Stops and Travel Plazas. Phoenix is pleased to announce that it has access to comprehensive loan programs for existing truck stops and travel plazas. Our strategy is: "To Secure the Best Financing Terms for Our Clients."

You may qualify for one of these exciting and competitive loan programs. Please call for your evaluation.

FINANCING AVAILABLE!

Many businesses were seriously impacted by changes in the banking industry. Truck Stops and Travel Plazas found it difficult to secure needed financing for pumps and tanks, canopies, equipment, real estate, working capital, and more.

Phoenix Financial Services assisted a major Wall Street company to establish a national financing program for the Truck Stop/Travel Plaza industry. Phoenix has working relationships with several major lenders to the industry. You may qualify for their competitive rates and terms.

At Phoenix, each applicant's financial status is carefully reviewed to determine their needs. We conduct an in-depth financial evaluation of each applicant to determine their potential for successful financing.

A comprehensive Loan Application package, in business plan format, is professionally prepared for each client. It provides lenders with all information required to complete their underwriting evaluation. This facilitates speedy loan approvals for our clients.

We work closely with our client in the preparation of their loan applications, and with lenders in securing competitive financing terms. We can help sort out the many claims of lenders to select the most favorable financing solution. Here is how!

TRAVEL PLAZA FINANCING

Take another look at your financing needs. Don't delay those important expansion and restructuring projects unnecessarily.

The truck stop/travel plaza industry went from a lack of lenders interested in providing financing three years ago, to an abundance of lenders now fighting for business. Your problem has gone from being unable to get a loan, to being besieged by several lenders touting that they're the best. How do you select the best lender? This is where Phoenix can help you!

Phoenix has extensive experience in both the investment banking and the travel plaza industries. We will act as your investment banker. We will prepare your loan application package and then market your loan to competing lenders to secure the most competitive rates and terms. We provide professional, courteous service and clients are assured of complete confidentiality.

Contact Phoenix Financial Services to arrange for an evaluation of your financial needs. We look forward to serving you.

Sample of Cash Flow Lenders'
Competitive Loan Terms

LOAN TERM

10-20 years, fully amortizing with no balloon through the life of the loan. Eliminates the risk and associated expense of getting an extension or a new loan.

ASSUMABLE LOANS

Loans are assumable by creditworthy buyers or successors. You have the ability to sell your travel plaza to a qualified buyer with your financing already in place!

NO PERSONAL GUARANTEES

Most of our lenders do not require qualified borrowers to provide a personal guarantee. By understanding petroleum marketing related business, our lenders are comfortable with the creditworthiness of an operator's business. Therefore, qualified owners are not required to put at risk their personal assets for loans on their businesses.

FIXED RATE FINANCING

Lenders provide long-term fixed rate financing which will lower monthly payments and provide peace of mind that the monthly debt service payments will remain the same through the life of the loan. Owners will be able to make long-term operating decisions regardless of changing interest rates, volatile fuel margins and short-term operating results.

INTEREST RATE

The interest rate is fixed at the beginning of the loan (for the life of the loan). The rate is determined by long-term U.S. Treasury Notes +3.0% to 4.0%. This would be equivalent to approximately 8.85% to 9.85% based upon the 10/01/00 treasury market rates.

LOAN AMOUNT

The loan amount is based upon cash flow and the business valuation. Financing is available to qualified applicants from $100,000 to $50,000,000.

USE OF PROCEEDS

Lenders will generally provide proceeds to be used for any legitimate business purpose, including:
  1. Acquisition financing
  2. Development of new facilities or new profit centers
  3. Purchase new equipment
  4. Reorganizations (partnership buyouts or stock purchases)
  5. Renovations, expansion, remodeling, and improvements
  6. Leasehold improvements
  7. Refinancing Existing Debt

TIME TO CLOSING

Typically 45 to 60 days.