Crazy Horse Camping, LLC
Crazy Horse Camping, LLC, located in Ashland, Illinois, 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, in the amount of $580,000, approved by Bank of Springfield on March 22, 2024.
SBA 7(a) loan, change of ownership, approved Mar 22, 2024
$580,000 approvedLender: Bank of Springfield20 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $580,000
- SBA-guaranteed amount
- $435,000 (75% of the approval)
- Lender
- Bank of Springfield, Springfield, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 20 years (240 months)
- Estimated maturity
- March 22, 2044 (estimated, approval date plus term)
- Estimated monthly payment
- $4,672 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 24, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 721211, RV (Recreational Vehicle) Parks and Campgrounds
- Project location
- Morgan County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 3% 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 Illinois: $1,796,780.
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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