What is PGB Petroleum?
Headquartered in Isle of Palms, South Carolina, PGB Petroleum operates as a specialized entity within the convenience stores, gas stations, and liquor stores sector. With a workforce of 20 to 49 employees and annual revenue streams between 5M and 10M, the organization serves as a critical node in local retail infrastructure. The company's business model focuses on high-traffic retail locations, providing essential consumer goods and fuel services to the regional market. Its ability to maintain consistent revenue growth while navigating the complexities of the retail energy sector highlights its operational efficiency and market resilience.
How much funding has PGB Petroleum raised?
PGB Petroleum has raised a total of $363K across 2 funding rounds:
Debt
$150K
Debt
$213K
Debt (2020): $150K with participation from PPP
Debt (2021): $213K led by PPP
Key Investors in PGB Petroleum
PPP
Public-Private Partnership
What's next for PGB Petroleum?
With the infusion of $213K, PGB Petroleum is well-positioned to execute its next phase of strategic expansion. The company is expected to prioritize the modernization of its existing retail footprint and the optimization of its supply chain logistics. Given the late-stage nature of this financing, the focus will likely shift toward enhancing operational margins and exploring potential consolidation opportunities within the South Carolina retail market. By maintaining a disciplined approach to debt management, PGB Petroleum aims to solidify its market share and improve service delivery across its portfolio of convenience and fuel assets.
See full PGB Petroleum company page
