SBA & USDA Loan Services for RV Parks & Campgrounds

RV Park & Campground Financing Solutions

SBA & USDA Loans to Acquire, Expand & Refinance Your Campground

Bruce Hurta offers SBA and USDA financing for business owners in the RV Park and Campground Industry. With many years of providing specialty financing on the hospitality industry, we understand the financing needs of campground operators. When traditional bank financing is not readily available to operators in this industry, loan guaranties by the U.S. Small Business Administration and the U.S. Department of Agriculture make financing more readily available. With lower down payment requirements and longer repayment terms than conventional bank loans, the SBA and USDA small business loan programs may be used to finance:

Business acquisition
Partner buyout
Business expansion
New construction
Refinance business debt for longer repayment terms

SBA 7(a) Loans for RV Park & Campground Owners

Flexible SBA 7(a) Loan Terms Designed for Small Business Owners

Thousands of small business owners choose the SBA 7(a) loan each year. This popular program features flexible eligibility requirements and credit criteria.

An SBA 7(a) loan could work for you if:

You operate for-profit in the United States, or its possessions/territories
Your net worth is under $15 million
You don’t have an average two-year net income over $5 million

Terms to fit your needs:

Borrow up to $5 million.
All 7(a) loans are fully amortized with no balloons or call dates.
Loans for working capital, machinery, and equipment have a maturity of 5-10 years, up to the useful life of the equipment. Real estate loans have a maturity of up to 25 years
Rates are based on a spread over the Prime Lending Rate. Rates vary depending on the specific strengths of the transaction.

Use Your SBA 7(a) Loan for These RV Park & Campground Needs

Expansion/renovation

New construction/purchase of land/ buildings

Purchase of equipment, fixtures, lease-hold improvements

Working capital

Debt refinance

Business acquisition

Terms:

Borrow up to $25 million.
All 7(a) loans are fully amortized with no balloons or call dates.
Loans for working capital, machinery, and equipment have a maturity of 5-10 years, up to the useful life of the equipment. Real estate loans have a maturity of up to 25 years
Rates are based on a spread over the Prime Lending Rate. Rates vary depending on the specific strengths of the transaction.

USDA Business & Industry (B&I) Loans for Campground Operators

USDA B&I Loans — Financing RV Parks in Rural Communities

You can improve your community and we’re here to help. The USDA’s Business and Industry Loan Guarantee Program’s (B & I) is designed to create employment and improve the economy in rural communities.

Eligibility Requirements:

Any legal entity including individuals, public and private organizations and federally recognized Indian tribal groups located in an eligible rural area. There is no size restriction on the business
For existing businesses: a minimum of 10% tangible balance sheet equity is required at the time of issuance of the Loan Note Guarantee
Equity is determined in accordance with Generally Accepted Accounting Principles (GAAP).