Something doesn't look right!

It appears you don't have JavaScript enabled. For the best viewing experience, please enable JavaScript in your browser.

Tall Oaks Campground

general image 1
Location
544 Camp Riamo Road
Farmington, PA
County
Fayette
Description
Business purchase loan
Total Project Cost
$560,000

There’s added value from The Progress Fund that you don’t get at a bank.  That’s worth its weight in gold.

- Eric Martin, owner, Tall Oaks Campground and Wilderness Voyageurs Outfitters

People

I’ve spent 20 years of my professional career avoiding owning campgrounds,” says Eric Martin.  His cycling and rafting company, Wilderness Voyageurs, refers many clients to camps around Ohiopyle, but the idea of managing a 24-hour-a-day operation had no appeal.  Then Eric visited Tall Oaks.  With 143 acres of  mature forest, creek bed and meadow, it was an uncut gem.  And the longtime owners were looking to sell — pronto.

Progress

Eric needed flexible financing, without delay.  “That kind of thing, a bank would have probably freaked out by,” he says.  He called The Progress Fund:  “‘Hey, guys, I think I think I’m going to buy a campground next week.’  They said, ‘Bring it.'”  The Progress Fund helped hone his business plan, then approved $504,000 financing.

Impact

Six weeks after seeing Tall Oaks, Eric was running it while closing the sale.  The loan terms took into account the seasonal cash flow, and allowed further borrowing for camp improvements.  Eric started planning more RV and van sites, yurts and cabins, mountain bike trails and tracks, Frisbee golf and volleyball, plus an enhanced camp store.  Now Tall Oaks is not just a place to stay in the Laurel Highlands, but an attraction all its own.  “I’ve been energized by it more than I ever dreamed I would be.”

View Story as PDF »