{"id":3407,"date":"2025-04-16T16:32:06","date_gmt":"2025-04-16T16:32:06","guid":{"rendered":"http:\/\/rvparkiq.com\/industry-insights\/?p=3407"},"modified":"2025-09-25T15:49:48","modified_gmt":"2025-09-25T15:49:48","slug":"financing-options-offered-by-business-finance-depot","status":"publish","type":"post","link":"https:\/\/rvparkiq.com\/industry-insights\/financing-options-offered-by-business-finance-depot\/","title":{"rendered":"Financing Options Offered by Business Finance Depot"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Watch the video to learn how BFD can support your park\u2019s growth!<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">In this video, Paul Bosley, founder of Business Finance Depot (BFD) and a long-time OHI member, shares how BFD can help campground owners secure financing for improvements, new purchases, and more. With expertise in SBA, USDA, and equipment financing, BFD offers flexible solutions tailored to the Outdoor Hospitality Industry.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">BFD provides two main types of financing, depending on your needs:<\/span><\/span><\/span><\/p>\n<p><strong><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">1. For Existing Parks Looking to Improve &amp; Expand:<\/span><\/span><\/span><\/strong><\/p>\n<ul>\n<li><em><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">BFD offers equipment financing, similar to an auto loan, where the collateral is the equipment itself. This works well for financing park model cabins, glamping structures, or any other campground improvements<\/span><\/span><\/span><\/em><\/li>\n<li><em><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Additionally, BFD has an SBA loan program that provides up to $500,000 with no additional collateral required beyond the financed equipment. This loan has a 10-year term with no prepayment penalty. It takes longer to process than equipment leasing, but it comes with better terms<\/span><\/span><\/span><\/em><\/li>\n<li><em><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Equipment leasing can go into the millions, whereas SBA loans max out at $500,000. Your choice depends on your timeline and financing needs<\/span><\/span><\/span><\/em><\/li>\n<\/ul>\n<p><strong><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">2. For Purchasing or Expanding a Campground Significantly:<\/span><\/span><\/span><\/strong><\/p>\n<ul>\n<li><em><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">BFD works with about 30 different national SBA and USDA lenders<\/span><\/span><\/span><\/em><\/li>\n<li><em><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The SBA 7(a) Loan offers up to $5 million and can be used for almost anything \u2013 construction, franchise fees, working capital, and equipment<\/span><\/span><\/span><\/em><\/li>\n<li><em><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The SBA 504 Loan goes up to $10 million and is ideal for real estate purchases<\/span><\/span><\/span><\/em><\/li>\n<li><em><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">USDA loans can provide up to $25 million and are excellent for real estate improvements and construction<\/span><\/span><\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">To reach out to Paul Bosley at Business Finance Depot directly:<br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Email: <a href=\"mailto:Paul@BusinessFinanceDepot.com\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Paul@BusinessFinanceDepot.com<\/b><\/a><br \/>\n<\/span><\/span><\/span><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Website: <a href=\"https:\/\/businessfinancedepot.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>BusinessFinanceDepot.com<\/b><\/a><\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/ohi.org\/ohi-blog\/financing-options-offered-by-business-finance-depot-vlog\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><strong><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source<\/span><\/span><\/span><\/strong><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watch the video to learn how BFD can support your park\u2019s growth! In this video, Paul Bosley, founder of Business Finance Depot (BFD) and a long-time OHI member, shares how BFD can help campground owners secure financing for improvements, new purchases, and more. With expertise in SBA, USDA, and equipment financing, BFD offers flexible solutions tailored to the Outdoor Hospitality Industry. BFD provides two main types of financing, depending on your needs: 1. For Existing Parks Looking to Improve &amp; Expand: BFD offers equipment financing, similar to an auto loan,&hellip;<\/p>\n","protected":false},"author":8,"featured_media":3408,"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\/3407"}],"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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/comments?post=3407"}],"version-history":[{"count":1,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/3407\/revisions"}],"predecessor-version":[{"id":3409,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/3407\/revisions\/3409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/media\/3408"}],"wp:attachment":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/media?parent=3407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/categories?post=3407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/tags?post=3407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}