Luray, VA Entrepreneur Gets SBA Loan to Buy Jellystone Park & Campgrounds Franchise

Need money to buy a Jellystone Park & Campgrounds franchise? United Bank has a history of making these loans and they are guaranteed by the SBA.

Jellystone Park & Campgrounds franchise loans are available to Luray, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Bank, based in Mondovi, Wisconsin, issued an SBA franchise loan for a Jellystone Park & Campgrounds franchise in 2004. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

YOGI BEAR'S JELLYSTONE PARK
LURAY, VA 22835

SBA Loan Lender

UNITED BANK
203 E MAIN ST
MONDOVI, WI 54755

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

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

5/4/2004

Loan Approval Gross Amount

$1,335,000

Loan Approval from the SBA

Of the total $1,335,000 loan amount, the SBA guaranteed $1,001,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jellystone Park & Campgrounds franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $1,335,000. How would you spend $1,335,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Advice on Getting a Small Business Loan

Banks in Mondovi, Wisconsin

SBA Lenders in Wisconsin