Black Creek RV Park Holdings, LLC
Black Creek RV Park Holdings, LLC, located in Freeport, Florida, operates in the RV (Recreational Vehicle) Parks and Campgrounds industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $4,725,000, approved by Live Oak Banking Company on October 27, 2023.
SBA 7(a) loan, change of ownership, approved Oct 27, 2023
$4,725,000 approvedLender: Live Oak Banking Company26 years termPaid in fullLoan details
- Gross approval
- $4,725,000
- SBA-guaranteed amount
- $3,543,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.99%, variable
- Term
- 26 years (312 months)
- Estimated maturity
- October 27, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $39,219 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 17, 2023
- Loan status
- Paid in full
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 721211, RV (Recreational Vehicle) Parks and Campgrounds
- Project location
- Walton County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 97% of acquisition loans in RV (Recreational Vehicle) Parks and Campgrounds on this site.
- Average acquisition loan in RV (Recreational Vehicle) Parks and Campgrounds: $1,687,172.
- Average acquisition loan in Florida: $1,808,559.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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