RV (Recreational Vehicle) Parks and Campgrounds: SBA business acquisition loan data
100 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as RV (Recreational Vehicle) Parks and Campgrounds (NAICS 721211), totaling $106M. Median loan $825,750, 28% higher than the all-acquisition median.
Terms signed in the LOI shape the purchase agreement that follows.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $1,322,750 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.2% of all SBA-financed business purchases, ranking #95 of 300 industries tracked.
- Geography. Michigan leads with 12 loans; the top five states account for 37% of the industry's acquisitions.
- Jobs. Lenders reported 443 jobs supported across these loans, about 4.4 per acquisition, a rough proxy for the size of business changing hands.
RV (Recreational Vehicle) Parks and Campgrounds acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 8 | $4.6M | $452,450 | |
| FY2019 | 6 | $4.7M | $832,000 | |
| FY2020 | 15 | $10M | $507,000 | |
| FY2021 | 18 | $13.6M | $665,000 | |
| FY2022 | 9 | $12.3M | $1,137,000 | |
| FY2023 | 6 | $9.4M | $1,375,000 | |
| FY2024 | 12 | $14.5M | $545,000 | |
| FY2025 | 15 | $19.7M | $982,000 | |
| FY2026 | 11 | $17.1M | $1,278,000 |
How often do these acquisition loans fail?
Of the 47 RV (Recreational Vehicle) Parks and Campgrounds acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 26 have already been paid in full.
For comparison, RV (Recreational Vehicle) Parks and Campgrounds has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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.
The purchase agreement decides what you bought, not the loan approval.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Michigan | 12 | 12.0% | $7.2M | |
| 2 | New York | 8 | 8.0% | $6.4M | |
| 3 | Texas | 6 | 6.0% | $7.9M | |
| 4 | Missouri | 6 | 6.0% | $6.6M | |
| 5 | Pennsylvania | 5 | 5.0% | $5.3M | |
| 6 | Florida | 4 | 4.0% | $10.7M | |
| 7 | Arizona | 4 | 4.0% | $7.2M | |
| 8 | Minnesota | 4 | 4.0% | $2.4M | |
| 9 | Wisconsin | 4 | 4.0% | $1.3M | |
| 10 | South Carolina | 3 | 3.0% | $8.9M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 20 | 20.0% | $35.7M | |
| 2 | Ameris Bank | 8 | 8.0% | $6M | |
| 3 | Celtic Bank Corporation | 5 | 5.0% | $3.3M | |
| 4 | The Huntington National Bank | 4 | 4.0% | $4.2M | |
| 5 | Citizens Bank | 4 | 4.0% | $3.9M | |
| 6 | Old National Bank | 4 | 4.0% | $2.5M | |
| 7 | America First Federal Credit Union | 3 | 3.0% | $5.9M | |
| 8 | Bank Five Nine | 2 | 2.0% | $5M | |
| 9 | Beacon Bank and Trust | 2 | 2.0% | $2.2M | |
| 10 | Pineland Bank | 2 | 2.0% | $1.8M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands in RV (Recreational Vehicle) Parks and Campgrounds
6% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Kampgrounds of America | 5 | 83.3% | $7.9M |
Questions buyers ask
How much is a typical SBA loan to buy a business in RV (Recreational Vehicle) Parks and Campgrounds?
Median $825,750 across 100 acquisition loans (FY2018 to FY2026); the middle half ran $367,125 to $1,322,750. That is 28% higher than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most RV (Recreational Vehicle) Parks and Campgrounds acquisitions?
Live Oak Banking Company (20), Ameris Bank (8), Celtic Bank Corporation (5), The Huntington National Bank (4), Citizens Bank (4).
Are businesses in RV (Recreational Vehicle) Parks and Campgrounds often franchised?
Sometimes. 6% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Kampgrounds of America.
How risky are SBA loans for buying a business in RV (Recreational Vehicle) Parks and Campgrounds?
Of 47 seasoned loans (FY2018 to FY2021), none charged off, against the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for RV (Recreational Vehicle) Parks and Campgrounds acquisitions?
Median term 25 years, average initial rate 7.17% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
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