79 SBA loans have financed Phillips 66 Branded Reseller Agreement locations since 2004, written by 39 different lenders across 9 states. Half were approved for $2.2M or less, the mix is a mix of 7(a) and 504, and 30% went to owners whose business was under two years old.
A lender that has already underwritten this brand knows the unit economics, the build-out costs, and the franchisor. That is worth more to you than a bigger bank starting from scratch.