Anticipated Changes to the SBA Rulebook

On April 11th, 2023, the Small Business Administration (SBA) released their final rule, which includes eligibility and procedural changes that make SBA 504 financing even more obtainable. The SBA aims to make the SBA 504 loan available to more small businesses by relaxing eligibility criteria, reducing required documentation and implementing an updated credit policy. They anticipate the changes to go into effect, May 12, 2023. Changes are subject to SBA’s release of guidance and procedural notices. Highlights of changes: No more Franchise Directory Simplified Affiliation Rules Affiliation is now generally…

Pearl Lake Beach RV Resort Sold, Reopens to Public

Pearl Lake Beach RV Resort in South Beloit, IL will be open to the public for the first time in four years beginning next month. The 207-acre beach, campground and RV resort was sold earlier this month and the new owner says he wants the community to enjoy it as much as he does. “The water is crystal blue,” said new owner, Lance Beatch, a former investment banker who spent a decade of his career acquiring campgrounds and RV resorts. This is an exceptional asset with what I call an…

Jetstream Completes Renovation of 234-Site RV Park in Pearland, Texas

Jetstream Communities, an affiliate of locally based firm CityStreet Residential Partners, has completed renovations at Jetstream RV Resort — Pearland, a 234-site park located on the southern outskirts of Houston. The 20-acre development includes four fully furnished houses that are available for rent. Renovations primarily focused on spaces that house amenities, which include a pool, clubhouses, fitness center, business center,  arcade, dog park, outdoor dining and gaming areas, a beer garden and onsite laundry facilities. Source

Luray RV Resort on Shenandoah Announces Property Expansion and Upgrades

Luray RV Resort on Shenandoah River, formerly known as Outlanders River Camp, is excited to announce the expansion of its campgrounds from 73 to a total of 350 campsites as well as the addition of community-centered amenities like an amphitheater, resort-like pool and cabanas, recreational center with pickleball, basketball, mountain bike track, corn hole and RC car track. In addition to the growth of the property, the expansion will add 45 new jobs to Page County’s local economy. These jobs will include seasonal, entry-level, and managerial positions that will serve…

City of Benton, AR to Purchase 511 Acres for $7.6 Million for RV Park, Sports Complex

The City of Benton will purchase 511 acres along the Saline River at a cost of $7.6 million, paid over a 10-year period, city officials announced Thursday. We didn’t go all the way back in the records, but certainly in modern times, this is the biggest purchase.” This land purchase is the largest single land acquisition in the city’s history, said Matt Thibault, marketing official for the city. Plans for the property, called Benton Thomas Park in a concept plan released by the city Thursday, include soccer fields, an RV…

New York Campgrounds are Making Improvements for the 2023 Camping Season

Campground Owners of New York, which hosts CampNewYork.com, highlights new, expanding and improving campgrounds across The Empire State Independently owned and operated campgrounds in New York are making improvements in preparation for the 2023 camping season. “Most independently owned and operated campgrounds make improvements of some kind each year,” said Donald G. Bennett, Jr., President and CEO of Campground Owners of New York (CONY), a trade association that operates CampNewYork.com, a travel planning website of approximately 200 campgrounds and RV parks in New York State. “Improvements range from new campsites…

Huron to Acquire Mobile Home Park

Driven to remedy several issues at an unsightly RV/mobile home park, which poses many safety concerns and health hazards, Huron officials took some decisive action. During Tuesday’s city council meeting, staff members announced they’ll commit $900,000 to purchase what’s known as Oster’s mobile home park at Cleveland and Rye Beach (U.S. 6) roads beside LEMmy’s. The site totals about 2.5 acres. The actual owners are several trustees. Oster’s mobile home park has created challenges for the city, in terms of ongoing code and zoning infractions, utility disconnections and regular safety…

SBA 504 Loans for Your RV Park Business

Add stability and predictability to your RV Park business by locking a portion of your real estate financing into a long-term, fixed-rate product using an SBA 504 loan. A 504 loan has three components: Equity injection provided by the borrower – typically 10% of the project but can be 15% – 20% in certain instances as in the case of start-ups or unique situations Term loan provided by Bank Five Nine – typically 50% of the project Debenture loan provided by a Certified Development Company (CDC) – typically 40% of…

Rocky Mountain NP’s Only Year-Round Campground Closes Until Summer 2024 for Renovations

Rocky Mountain National Park’s biggest established campground needs an update. Moraine Park Campground was built in the 1960s, and it has served hundreds of thousands of campers since then — without any update to its water and utility infrastructure. Increased visitor usage, evolving trends in recreation, the need to improve access for all campers and deferred maintenance for critical water and utility systems have all created a need to rehabilitate the Moraine Park Campground and nearby areas.” That ends this year, when federal funding from the Great American Outdoors Act…