Buying a Kampgrounds of America franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Kampgrounds of America (classified mostly as RV (Recreational Vehicle) Parks and Campgrounds), totaling $10.1M. The median loan was $1,665,250, 158% higher than the $645,250 median for all SBA-financed acquisitions.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Kampgrounds of America resale loans landed between $1,250,000 and $2,195,625.
- Lender experience exists. Live Oak Banking Company alone has financed 2 Kampgrounds of America resales.
- Guaranty. The SBA guaranteed 78% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Kampgrounds of America resale
The median SBA 7(a) loan for a Kampgrounds of America resale was $1,665,250 across 6 loans (FY2018 to FY2026). Live Oak Banking Company, America First Federal Credit Union and Celtic Bank Corporation have financed the most Kampgrounds of America resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Kampgrounds of America acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $3.3M | $1,652,500 | |
| FY2021 | 1 | $2M | $1,987,500 | |
| FY2022 | 3 | $4.8M | $1,343,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Kampgrounds of America acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
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Lenders financing Kampgrounds of America resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 2 | 33.3% | $4.6M | |
| 2 | America First Federal Credit Union | 1 | 16.7% | $2M | |
| 3 | Celtic Bank Corporation | 1 | 16.7% | $1.3M | |
| 4 | FDIC - Community Bank & Trust-West Georgia | 1 | 16.7% | $1.2M | |
| 5 | Texas Capital Bank | 1 | 16.7% | $946K |
States where Kampgrounds of America units are bought
Seller note standby terms and third-party consents are reviewed before closing.
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How lenders classify Kampgrounds of America
Lenders code each loan to a NAICS industry. For Kampgrounds of America the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | RV (Recreational Vehicle) Parks and Campgrounds | 5 | 83.3% | $7.9M | |
| 2 | Lessors of Miniwarehouses and Self-Storage Units | 1 | 16.7% | $2.3M |
Questions buyers ask
How much do buyers borrow to buy a Kampgrounds of America franchise?
The median SBA 7(a) loan for a Kampgrounds of America resale was $1,665,250 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $1,250,000 to $2,195,625. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Kampgrounds of America acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Kampgrounds of America (2, 33% of the total). America First Federal Credit Union, Celtic Bank Corporation, FDIC - Community Bank & Trust-West Georgia follow.
What interest rate and term do Kampgrounds of America acquisition loans carry?
The average initial rate at approval was 6.00% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 25 years.
Is a Kampgrounds of America resale riskier than other SBA-financed acquisitions?
Too few Kampgrounds of America acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Kampgrounds of America units being bought with SBA loans?
Pennsylvania (1), Nebraska (1), Utah (1), Minnesota (1), New York (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
The purchase agreement decides what you bought, not the loan approval.
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Related
- All RV (Recreational Vehicle) Parks and Campgrounds acquisitions
- Pennsylvania acquisitions
- Nebraska acquisitions
- Utah acquisitions
- Live Oak Banking Company
- America First Federal Credit Union
- Celtic Bank Corporation
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Kampgrounds of America" (franchise code S2672). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.