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Business loans to buy an RV park

Compare lenders and loan types to find the right fit for a campground purchase.

Best for small businesses

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  • Required time in business: 6+ months
  • Required monthly revenue: $20k+
  • Min credit score: 550+

For a variety of finance options

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  • Required time in business: 6+ months
  • Required monthly revenue: $10k+
  • Min credit score: No credit needed

Best for business line of credit

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  • Required time in business: 1+ years
  • Required monthly revenue: Average of at least $3,000
  • Min credit score: 660

Buying an RV park costs around $100,000 to $2,000,000, as reported by Campground Solutions. Typical turnaround time for large, commercial loans can take a few months, and if you’re buying an existing RV park, the appraisal process can take between two to three weeks.

Big banks are likely your best bet in getting a large enough loan to purchase a campground, but there are also online lenders that can lend a few million.

3 types of financing to buy an RV campground

If you have existing RV parks in your business portfolio, your chance of approval for your next campground purchase is better, since it’s generally considered a high-risk investment by a lender. Your accountant can help you draw up comprehensive business statements to help improve your chance of approval and a decent rate.

Here are three financing methods to consider when you’re looking to buy an RV park:

1. Commercial loan

  • Typical turnaround time: Three months
  • Secured by the property
  • Suited for real estate
  • Typically customized for your business
  • New businesses can struggle to qualify

Commercial loans are often used for real estate purchases. These loans can be taken out by individuals, partnerships, or on behalf of an existing business. RV parks may be considered specialized, and may be viewed as high-risk. So you may have to plan for a high down payment requirement — possibly around 25% to 30% of the property’s value.

2. Small business loan

  • Typical turnaround time: Few business days or longer
  • Many types of business loans, including SBA loans
  • May be smaller amounts than commercial loans

You may be able to use an, fixed-term business loan to start an RV park or buy an existing RV park. Lenders often require that you provide evidence of your financial situation, details of your relevant management experience and a business plan that shows revenue and cash flow forecasts.

3. Unsecured personal loan

  • Typical turnaround time: Same-day or few business days
  • May be easier to qualify for compared to business loans
  • Maximum amounts may not be enough

It may be a longshot, but if you’ve found a campground that’s not too pricey — $100,000 or less — a personal loan may suit you just fine. Or maybe you’re just looking to buy the land for a future campground. Personal loans are versatile and can be used for anything, but most lenders don’t offer personal loans over $100,000. While personal loans don’t offer the highest loan amounts on this list, they may be easier to qualify for to get the ball rolling.

How much does it cost to buy an RV park?

Of course, this answer varies. It depends on whether you’re buying an existing campground, or the land to construct a park on later.

Small RV parks in less popular areas could cost as little as $100,000 while the most successful RV parks can cost over $2 million to purchase.

Additionally, how large of a park you can buy may depend on your state, as some towns, cities or counties have minimum requirements. More requirements crop up if you’re franchising, an example being Kampgrounds of American (KOA), which requires you to have at least 10 acres of land.

Beyond the purchase price of the property and business, determine if you need money for immediate improvements and repairs. With this in mind, consult with your accountant or business advisor to determine a budget and fair price for your RV park.

What other RV costs or improvements can I finance?

When you own an RV park, you’ll have to maintain some facilities. A business line of credit may be useful for things like:

  • Upkeep of accommodations, such as restrooms
  • Repair and upkeep of guest facilities, such as tennis courts or club houses
  • Covering upkeep and expenses during slow seasons

Read our guide on how a business line of credit works and its benefits for more information.

Compare business loans to finance a campground

Name Product Filter Values Min. Amount Max. Amount APR Requirements
Lendio business loans
Finder Score: 4.8 / 5: ★★★★★
Lendio business loans
Varies by lender
Operate business in US or Canada for 6 months or more, have a business bank account, minimum 500 personal credit score, at least $20,000 in monthly revenue
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
Olympus Business Capital
Finder Score: 3.8 / 5: ★★★★★
Olympus Business Capital
Not stated
Been in business for 6 months registered with the state, active and open bank account in business name, have $10,000 of revenue each month
No credit needed. Funding up to $100k with a variety of finance options to best fit your business needs.
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American Express® Business Line of Credit
Finder Score: 4.4 / 5: ★★★★★
American Express® Business Line of Credit
Minimum FICO score of at least 660 at the time of application, have started your business at least a year ago, and an average monthly revenue of at least $3,000
Access lines of credit for your small business even if you aren't currently an Amex customer.
Finder Score: 4.9 / 5: ★★★★★
Rates start at 1% per month
500+ FICO score, $200,000 annual revenue, 6 months in business, most recent business bank statements
Same day approval
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Fundera business loans
Finder Score: 4.9 / 5: ★★★★★
Fundera business loans
Varies based on lenders
$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months
Get connected with short-term funding, SBA loans, lines of credit and more.

Documentation to apply for a business loan

The documents you need to apply for the loan depend on the type of loan you choose and whether or not you have a current RV park business.

Documents to prepare can include:

  • Balance sheets
  • Business bank statements
  • Business licenses and permits
  • Business plan and financial projections
  • Information regarding personal and business debts
  • Profit and loss statements
  • Personal bank statements
  • Personal resume, often optional
  • Personal valid ID
  • Tax returns

Bottom line

Buying a campground or RV park may have its difficulties, such as having varying regulations across states, finding the right property and ultimately getting financing. However, once you have a down payment, you may be able to find a business loan to finance your purchase.

Interested in other ventures? Check our guide on business loans on buying an existing business.

Written by

Bethany Hickey

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full profile

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2 Responses

    Default Gravatar
    AudraAugust 19, 2019

    Trying to purchase a campground and need financing

      Default Gravatar
      nikkiangcoAugust 20, 2019

      Hi Audra,

      Thanks for your message. It’s nice to hear you are purchasing a campground. The information above shows how you can do just that! To start comparing lenders, go to the part that says “Business loans to consider when buying an RV park” and enter your credit score and state.

      Click the GO TO SITE button to be brought to the main provider’s webpage or click MORE INFO to read through the lender via a Finder review page. Once you have a deposit ready, you can proceed with your application. As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this helps. Feel free to reach out to us again for further assistance.


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