SBA rules · SOP 50 10 8.1

Can an SBA loan finance an RV park, campground or marina?

Yes, recreational vehicle parks, campgrounds, and marinas are eligible for 7(a) and 504 financing provided they meet SBA's transient occupancy and legal compliance rules.

Quoted from SBA SOP 50 10 8.1Every quote checked word for word

In detail

Transient occupancy requirement: For existing businesses, more than 50% of the prior year's revenue must be derived from transients who stay for 30 days or less at a time.
Start-up businesses: If the applicant is a start-up, its projections must demonstrate that more than 50% of revenue will be derived from transients staying for 30 days or less at a time.
Legal and zoning compliance: The business must comply with all zoning and other legal requirements.
What the SOP does not say: The SOP does not impose any separate service or amenity requirements for RV parks, campgrounds, or marinas; eligibility under the rental and leasing rules is determined strictly by the transient revenue threshold and legal compliance.

The source

What the SOP says

“Hotels, motels, recreational vehicle parks, marinas, campgrounds, or similar types of businesses are eligible if more than 50% of the business’s revenue for the prior year is derived from transients who stay for 30 days or less at a time and the business complies with all zoning and other legal requirements. If the Applicant is a Start-Up Business, the Applicant’s projections must show that more than 50% of the business’s revenue will be derived from transients who stay for 30 days or less at a time.

SOP 50 10 8.1, Chapter 1: Primary Applicant Eligibility Requirements > Note (lines 423-431)✓ Verified

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