RV dealer financing with an SBA loan
RV Dealers · NAICS 441210 · Program that usually fits: 7(a) or 504
RV dealer financing from an SBA lender covers the dealership itself: the lot, the service shop and the purchase of an existing dealer. It does not replace floor-plan financing for the inventory, which the SBA won't fund. Lenders will want to see a floor-plan line in place before they close on the real estate.
Who qualifies
Operators buying a dealership, dealers buying or building their own lot, and service-heavy dealers adding bays. Lenders ask for manufacturer agreements, a floor-plan commitment, and for a purchase, three years of seller financials. RV sales are seasonal and cyclical, so lenders stress-test against a slow year.
Which SBA program fits
504 for the lot and building
Finances the real estate and the service shop at a fixed rate with 10% down, leaving the bank and your floor-plan lender to handle inventory.
7(a) for buying a dealership
Covers the business, goodwill, parts inventory and working capital, up to $5 million, with a 25-year term when real estate is included.
7(a) for a service expansion
Adding service bays, lifts and a parts department fits a 10-year 7(a) loan.
What borrowers use the money for
- Buying the dealership real estate
- Buying an existing RV dealership
- Building or expanding a service department
- Parts inventory and working capital
- Refinancing a high-rate loan on the property
Typical loan amounts, down payment and terms
Dealer real-estate projects run $1 million to $5 million; dealership purchases $750,000 to $3 million. Equity is 10% to 15% on a 504 and 10% to 20% on a 7(a). The SBA excludes RV inventory from its loans, so a separate floor-plan line is always part of the structure.
Example: a $1,500,000 loan
At today's maximum variable 7(a) rate of 10.00% over 25 years, the payment would be about $13,631 a month. Most well-qualified borrowers get a lower rate. On a 504 project, the SBA-backed 40% would be fixed at 6.97% (October 2026, 25-year). Try your own numbers.
Today's rate caps
These are the SBA's maximum 7(a) rates with prime at 7.00%. See current SBA 7(a) rates and SBA 504 rates for the full picture.
| Loan amount | Maximum spread | Maximum variable rate today |
|---|---|---|
| $50,000 or less | Prime + 6.5 | 13.50% |
| $50,001 to $250,000 | Prime + 6.0 | 13.00% |
| $250,001 to $350,000 | Prime + 4.5 | 11.50% |
| Over $350,000 | Prime + 3.0 | 10.00% |
Related industries and lenders
Related industries
SBA lenders active nationwide
Questions about RV dealer financings
Can an RV dealer get an SBA loan?
Yes, for the real estate, the business purchase, service equipment and working capital. The SBA doesn't finance RV inventory, so dealers pair an SBA loan with a floor-plan line from a bank or a manufacturer's finance arm.
Does the SBA finance floor plans for RV dealers?
No. Floor-plan financing is excluded. Lenders treat the floor-plan line as a condition of the SBA loan and will review its terms to make sure the dealership's cash flow covers both.
What down payment does RV dealer financing require?
10% on a 504 real-estate project and 10% to 20% on a 7(a) dealership purchase. Land you already own can count toward equity at appraised value.
What term applies to an RV dealership SBA loan?
25 years for real estate on a 504 or a real-estate-heavy 7(a). Business purchases and service equipment run 10 years.
What rate will an RV dealer pay on an SBA loan?
The 504 SBA portion priced in October 2026 at 6.97% fixed over 25 years. A 7(a) loan over $350,000 is capped at prime plus 3, which is 10.00% today.
Sources: SBA 7(a) terms, conditions and maximum variable rates; Federal Reserve H.15 selected interest rates (bank prime loan rate); October 2026 SBA 504 debenture pricing, as published by CDCs; SBA FOIA 7(a) and 504 loan-level data.