Sturgeon Valley Campground
Sturgeon Valley Campground, located in Wolverine, Michigan, operates in the RV (Recreational Vehicle) Parks and Campgrounds industry. The business was financed with an SBA 7(a) loan for a change of ownership of $585,000, approved on July 10, 2025, through 4Front Credit Union.
SBA 7(a) loan, change of ownership, approved Jul 10, 2025
$585,000 approvedLender: 4Front Credit Union20 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $585,000
- SBA-guaranteed amount
- $438,750 (75% of the approval)
- Lender
- 4Front Credit Union, Traverse City, MI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.5%, variable
- Term
- 20 years (240 months)
- Estimated maturity
- July 10, 2045 (estimated, approval date plus term)
- Estimated monthly payment
- $5,077 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Individual
- NAICS
- 721211, RV (Recreational Vehicle) Parks and Campgrounds
- Project location
- Cheboygan County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 7% 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 Michigan: $1,645,728.
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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