10/06/2026
There are a lot of overpriced campgrounds on the market today. Sellers need to factor in the cost of borrowing for their buyers when pricing their campgrounds for sale. Cash flow showing up in the seller's tax returns must be sufficient for the debt service requirements when an SBA loan is used for the business acquisition.
I’ve been in this business since 1968, when I started on my family’s campground, and I’ve operated through double-digit interest rates. So, when people say a 5% Treasury is “high,” my first reaction is that we’ve seen worse. But the rate itself matters less than its direction — and the...