{"id":2417,"date":"2023-03-30T20:09:31","date_gmt":"2023-03-30T20:09:31","guid":{"rendered":"http:\/\/rvparkiq.com\/industry-insights\/?p=2417"},"modified":"2023-03-30T20:09:31","modified_gmt":"2023-03-30T20:09:31","slug":"sba-504-loans-for-your-rv-park-business","status":"publish","type":"post","link":"https:\/\/rvparkiq.com\/industry-insights\/sba-504-loans-for-your-rv-park-business\/","title":{"rendered":"SBA 504 Loans for Your RV Park Business"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\nAdd 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.<\/p>\n<p>A 504 loan has three components:<\/p>\n<ul>\n<li>Equity injection provided by the borrower &#8211; typically 10% of the project but can be 15% &#8211; 20% in certain instances as in the case of start-ups or unique situations<\/li>\n<li>Term loan provided by Bank Five Nine &#8211; typically 50% of the project<\/li>\n<li>Debenture loan provided by a Certified Development Company (CDC) &#8211; typically 40% of the project*<\/li>\n<\/ul>\n<p>SBA 504 loans fund a variety of business needs including:<\/p>\n<ul>\n<li>Purchase, renovate or expand an existing property<\/li>\n<li>Construct a new facility<\/li>\n<li>Refinance existing debt<\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-2418\" src=\"http:\/\/rvparkiq.com\/industry-insights\/wp-content\/uploads\/2023\/03\/Untitled-8.png\" alt=\"\" width=\"649\" height=\"341\" \/><\/p>\n<p>Nick Collins<br \/>\nVP, Business Development Officer &#8211; SBA Specialist<br \/>\n(262) 560-2016 | nick.collins@bankfivenine.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &#8211; typically 10% of the project but can be 15% &#8211; 20% in certain instances as in the case of start-ups or unique situations Term loan provided by Bank Five Nine &#8211; typically 50% of the project Debenture loan provided by a Certified Development Company (CDC) &#8211; typically 40% of&hellip;<\/p>\n","protected":false},"author":7,"featured_media":2418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[21],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/2417"}],"collection":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/comments?post=2417"}],"version-history":[{"count":1,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/2417\/revisions"}],"predecessor-version":[{"id":2419,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/2417\/revisions\/2419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/media\/2418"}],"wp:attachment":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/media?parent=2417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/categories?post=2417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/tags?post=2417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}