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November 14, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Wichita, Business Loans > Business Loan Center, LLC Wichita Business Loans > Recreational Vehicle Parks And Campsites Loan | ||||
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Oregon Small Business Funding
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Get an SBA Loan for RV Parks and CampgroundsLooking for bank loans for rv parks and campgrounds? The SBA may be the answer. This $315,000 rv parks and campgrounds loan was issued by a Kansas bank. This company knew how to go about getting a business bank loan. Based in Gold Beach, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Business Loan Center, LLC, based in Wichita, Kansas. SBA Loan Borrower COMPANY TYPE: RECREATIONAL VEHICLE PARKS AND CAMPSITES SBA Loan Lender BUSINESS LOAN CENTER, LLC This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending history and are well trained in SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7033 - Recreational Vehicle Parks and Campsites NAICS Code 721211 - RV Parks and Campgrounds Loan Approval Date 4/26/2002 Loan Approval Gross Amount $315,000 Loan Approval from the SBA Of the total $315,000 loan amount, the SBA guaranteed $236,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Small Business Banks in Wichita, Kansas Browse All Business Loan Sources for Kansas
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