Step 5.5.1 Revolving Business Credit Lines: Gas & Fleet Management (Continued)
These revolving business credit lines are gas & fleet management companies that report to the business credit reporting agencies.
Module 5: Revolving Business Credit Lines
Step 5.5.1: Gas & Fleet Management (Continued)
Gas & Fleet Management (Continued)
Sinclair Oil Gas Card
Description: Sinclair Oil Corporation has been helping western America drive with confidence for over 80 years.
Reports to: Dun & Bradstreet
Approval Requirements: You have two options: The commercial account gas card can be used only with Sinclair stations. The Commercial Fleet account has more control over the cards, limits can be set, and you can use it at any gas station. With strong business credit reports you don't need to supply a personal guarantor. For newer businesses with little to no credit history a personal guarantor will be required.
Payment Terms: Revolving
CLICK HERE to Apply
Speedway SuperAmerica
Description: Speedway SuperAmerica LLC is a gasoline and convenience store company with about 1,600 locations. Your business can earn an 8% rebate on all gas and merchandise purchased at Speedway, SuperAmerica, and Rich Oil locations for the first 60 days.
Reports to: Dun & Bradstreet and Experian Business
Approval Requirements: Must be at least 1 year in business. However, if you are in business less than a year then you'll need to supply a personal guarantor. When asked what your expected monthly usage will be, give them a low dollar amount, usually less than $200 per month. That will greatly affect the approval decision.
Payment Terms: Revolving
CLICK HERE to Apply
76 Fleet Fuel Card
Description: The 76 Fleet Card Program is the perfect way to keep your drivers on the road. The card can be used at all 7,400 Conoco, 76 or Phillips 66 locations, or you can use universal acceptance at over 80% of all fueling locations. Basically anywhere Wright Express is accepted. This card has all the reporting and control functions you could possibly need along with rebates and other savings.
Reports to: Dun & Bradstreet, Experian Business & Equifax Small Business
Approval Requirements: You will need to supply 2-3 trade references, 1 bank reference and a DUNS Rating of 75 or greater. They may pull other business credit files but if you have minimal business credit history you may have to supply a personal guarantor. This can be avoided if you supply 2 years of company financials.
Payment Terms: Revolving
CLICK HERE to Apply
Sunoco Corporate Card
Description: This no-fee card helps smaller fleets control their fuel costs by eliminating unwanted purchases and supplying transaction-level purchases.
Reports to: Dun & Bradstreet, Experian Business & Equifax Small Business
Approval Requirements: You will need to supply your company EIN number, 3-4 trade references and your D-U-N-S Number. With established business credit history and good trade references you will not need to supply a personal guarantor. If your company has little to no credit history then you will need to supply one.
Payment Terms: Revolving
CLICK HERE to Apply
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Task to Complete
Select the revolving business credit accounts you qualify for and want to apply with.
