Making Mountain Memories, Inc.
Making Mountain Memories, Inc. is located in Marienville, PA, and the SBA lists its industry as RV (Recreational Vehicle) Parks and Campgrounds. It was approved for an SBA 7(a) loan of $740,000 for a change of ownership on December 6, 2024.
SBA 7(a) loan, change of ownership, approved Dec 6, 2024
- Gross approval
- $740,000
- SBA-guaranteed amount
- $555,000 (75% of the approval)
- Lender
- First Commonwealth Bank, Indiana, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 6, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $6,724 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 721211, RV (Recreational Vehicle) Parks and Campgrounds
- Project location
- Forest County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-15
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 14% 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 Pennsylvania: $1,636,965.
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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Same industry in Pennsylvania
- Camp Charles Property LLC, Bangor