Getting an SBA Loan for RV Parks and Campgrounds

Looking for business loans for rv parks and campgrounds? An SBA loan may be just what you've been looking for. This $158,900 rv parks and campgrounds loan was issued by a Vermont bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Passumpsic Savings Bank, out of Saint Johnsbury, Vermont. The loan was granted and they received $158,900 to help grow their Greensboro Bend, Vermont business.

SBA Loan Borrower

COMPANY TYPE: RV PARKS AND CAMPGROUNDS
GREENSBORO BEND, VT 05842

SBA Loan Lender

PASSUMPSIC SAVINGS BANK
497 RAILROAD ST
SAINT JOHNSBURY, VT 05819

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721211 - RV Parks and Campgrounds

Loan Approval Date

8/30/2005

Loan Approval Gross Amount

$158,900

Loan Approval from the SBA

Of the total $158,900 loan amount, the SBA guaranteed $119,175.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the borrowed money would help generate 2 new jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Greensboro Bend or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Microlending as a Small Business Funding Source

SBA 7A Banks for Saint Johnsbury, Vermont Loans

SBA Vermont Lenders