SBA Loans for Campgrounds

On September 27, the Small Business Jobs Act of 2010 was signed into law by President Obama. This resulted in a dramatic increase in the amount of SBA loans being provided to small businesses. In the fourth quarter of 2010, more than 10.3 billion dollars in loan guarantees had been approved. The bad news is that this level of activity used up all of the 505 million allocated in the bill to reduce loan fees. Read more information about SBA loan activity in the last quarter of 2010 here.

In spite of this, SBA loans, and particularly the 504 loan program are excellent options for campgrounds and other small businesses. A good summary of the SBA loan program can be found here.