Starlite Vintage Resort, LLC
Starlite Vintage Resort, LLC is an RV park and campground in Canon City, Colorado, classified under NAICS 721211 (RV Parks and Campgrounds). The business was financed with an SBA 7(a) loan for a change of ownership of $1.83 million, approved on January 19, 2024, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jan 19, 2024
$1,830,000 approvedLender: Live Oak Banking Company306 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,830,000
- SBA-guaranteed amount
- $1,372,500 (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
- 10.25%, variable
- Term
- 25 years, 6 months (306 months)
- Estimated maturity
- July 19, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $16,882 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 721211, RV (Recreational Vehicle) Parks and Campgrounds
- Project location
- Fremont County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 62% 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 Colorado: $1,608,658.
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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