Flat Creek Farms RV Resort LLC
Flat Creek Farms RV Resort LLC is an RV park and campground located in Robinson, Texas. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.35 million, approved on November 14, 2024, by lender Bank Five Nine.
SBA 7(a) loan, change of ownership, approved Nov 14, 2024
$3,350,000 approvedLender: Bank Five Nine25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,350,000
- SBA-guaranteed amount
- $2,512,500 (75% of the approval)
- Lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 14, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $28,113 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 721211, RV (Recreational Vehicle) Parks and Campgrounds
- Project location
- Mclennan County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 86% 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 Texas: $1,944,682.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Texas
- GRCC Limited Liability Company, Colorado City