Ogden Industries

Guaranteed Lending Specialists recently assisted First National Bank of Oklahoma through multiple USDA Business & Industry (B&I) Guaranteed Loans totaling $4,145,000 for the acquisition and improvements to multiple RV parks across Missouri. 

Borrower has over 10 years of experience across a number of RV parks throughout Missouri and Oklahoma. Buying, renovating, flipping, and operating these parks has allowed the Borrower to build a strong portfolio generating stable cash flows and increasing Equity. Borrower has had tremendous success with the parks by adding value through improvements, amenities, and reliable management, as well as by increasing their online booking presence. 

Purpose of the Loan

This USDA B&I loan provided the Borrower with the capital needed to:

• Finance acquisition, improvements, and Working Capital for speculative RV parks.
• Complete construction and reach stabilization through a generous interest only period.

Strategic Benefits

1. Provide Competitive Financing for a Rural Business
   RV Parks are rural in nature and carry a higher risk due to their upfront costs, hidden infrastructure problems, intensive on-sight management requirements, and exp
2. Maximizing Cash Flow Through Long-Term Financing and Interest Only Period
   The USDA B&I loan structure allowed for 20-year amortization, giving the Borrower the ability to finance at an attractive advance rate while preserving cash flow. The USDA B&I program also allows longer than average interest only periods when deemed reasonable and necessary for stabilization. This long horizon provides the flexibility needed to invest in facility improvements and scale operations over time.

Why USDA B&I?

The USDA Business & Industry Guaranteed Loan Program is a smart tool for rural and semi-rural businesses seeking competitive financing. In this case, it offered:

• Extended terms and amortization to support long-term growth without the risk of a balloon payment
• Reduced equity requirements compared to conventional financing

Building Together

At Guaranteed Lending Specialists, we take a curated approach to help both Lenders and Borrowers navigate the USDA Guaranteed Loan Programs to achieve their individual goals. We bring an expertise across all industries throughout the country.

If your business is expanding through acquisition or development in a rural area, our team is ready to help structure a USDA B&I loan that works for you. Not sure if your project is located in a rural area? Check out our mapping tool here.

Contact us today to explore how Guaranteed Lending Specialists can support your next strategic move.

Guaranteed Lending Specialists

Cole Wackenhuth
Visit glsusda.com to learn more.