YB Family LLC
YB Family LLC is an RV park and campground business in Hammond, New York, listed under NAICS code 721211. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,000,000, approved on February 27, 2025 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Feb 27, 2025
$1,000,000 approvedLender: Live Oak Banking Company303 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (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
- 9.7%, variable
- Term
- 25 years, 3 months (303 months)
- Estimated maturity
- May 27, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $8,856 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 721211, RV (Recreational Vehicle) Parks and Campgrounds
- Project location
- Saint Lawrence County, NY
- SBA district office
- Syracuse District Office
- Congressional district
- NY-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 41% 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 New York: $1,771,512.
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 New York
- Brook N Wood Family Campground Group LLC, Elizaville