As published in Toledo Business Journal - July 1, 2021

Nelson Shaffer and Dan Saad, Citizens National Bank (back) and Joan and Randy Faneuff, Leafy Oaks Campground (front)

Nelson Shaffer and Dan Saad, Citizens National Bank (back)
and Joan and Randy Faneuff, Leafy Oaks Campground (front)

Financing support set to lower operating costs

Leafy Oaks Campground located in Clyde recently obtained financing and additional financial service support from Citizens National Bank.

Joan and Randy Faneuff became the family owners of the Leafy Oaks Campground over 18 years ago; a long-term campground originally named Camp Seneca in the 1960s. A long enough time for children to return as adults with children of their own who will share more laughs, develop more friendships, and create more memories, according to the Faneuffs.

Located in Clyde, Ohio (about an hour east of Toledo), Leafy Oaks Campground offers overnight, weekly, monthly and seasonal camping. The campground is comprised of 60 scenic and 24 wooded acres with a swimming pond and fishing lake, and offers many amenities such as RV sites with full or partial hookups, outdoor recreation facilities, premium tent sites, fishing lake, camp store, playground, shelter houses, swimming pond, rental cabins, wooded hiking trails, laundry facilities, and more.

With scheduled activities every weekend, there is always something fun happening which makes Leafy Oaks Campground so family friendly, according to the Faneuffs. Whether it’s Father Day Weekend, Independence Weekend, Christmas in July, fishing tournaments, beach parties, Mad Science Weekend, or live music, there is definitely a great time and fun waiting on the campground. The business can be contacted for reservations online at www.leafyoaks.com or via phone at 419-639-2887.

Financing

Nelson Shaffer and Dan Saad of Citizens National Bank (CNB) were recently able to save the campground a significant amount of money by reducing the interest rate on the campground loan and reducing its merchant services expenses, according to the bank. Furthermore, CNB was able to secure additional financing for the construction of a replacement bridge that leads into the campground. The Faneuffs shared that they are looking forward to working with Shaffer and Saad at Citizens National Bank for future financial support.

CNB shared additional information about some of the financial service support that the bank provides. The bank is able to offer point of sale (POS) terminals, as well as mobile credit card processing solutions, and many more specialty card options for various business types, according to Saad.

“As an approved administrator of SBA loan programs, we offer a variety of options through the SBA allowing qualified businesses to obtain financing using SBA 7(a) and SBA 504 loans,” stated Saad. In addition, “…as an alternative to purchasing equipment, CNB can assist businesses with equipment lease financing options to get them the equipment they need to maximize sales and manage costs,” explained Saad.

CNB’s legal lending limit is $16 million, however, for larger loans, they may be financed through participation arrangements with other banks.