Meet Paul Bosley: The Financial Expert Behind Business Finance Depot
Q: How did you get started in the glamping industry?
Business Finance Depot was selected to be the finance source for the Yogi Bear's Jellystone Parks franchise 9 years ago. I was asked to be the finance instructor of ARVC's National School 3 years later. David Korse contacted me 4 years ago and I agreed to exhibit at the Glamping USA Show 4 years ago. We met Rubin Martinez at the trade show and decided to become a sponsor of the American Glamping Association. Our business in the RV Park and Glamping industries has grown significantly and we are committed long term to the industry.
Q: What is unique about your approach to glamping?
Our company is the only source of every possible business and personal financing method for a startup and existing RV park and glamping business. Each client has their unique project and financial condition so we match each client with the best method of financing.
Q: What’s the most innovative thing your company has done in the last year?
We have focused on creating a presence in every regional RV park and Campground industry association. Our team has divided up the organizations so we are well represented.
Q: How do you incorporate sustainability into your business practices?
Our company is sustainable because we have developed a large pipeline of USDA loans, SBA 7(a) loans, SBA 504 loans, commercial loans and equipment financing. Developing this accounts receivable pipeline which has grown every year insures our future cash flow.
Q: What’s one product, service, or idea you wish existed in the glamping industry?
We are in the beginning process working with an Ai company to create an Ai tool that will create a report on the best financing method for any client after they answer a standard list of questions.
Q: What role do community and collaboration play in your business?
We send an monthly e-newsletter with a focus on good content and industry events that is sent to our database which includes many industry professionals. We also write articles and speak at industry events to share our financing knowledge.
Q: Can you share a story of how your work has positively impacted a customer or community?
Our company has facilitated f $13,578,427 of financing to 25 applicants of RV parks and glamping businesses since being active in the business. We have many more clients who are in the process of financing at this time. I will be happy to provide names of clients.
Q: Can you share a recent success story or milestone your company has achieved?
Our biggest successes are being asked to be speakers and panel members at OHI' national convention and the Glamping Show USA and to be asked to write articles published by Woodall's Campground magazine
Q: What’s the most unexpected lesson you’ve learned in the glamping industry?
I have been very surprised by the rapid growth of the industry since the pandemic. As a result we have added significant resources to growing our presence in this industry.
Q: If you could spend a week at any glamping site in the world, where would it be and why?
My bucket list is to see all National Parks. My favorite 2 national parks to date are Yosemite National Park and the Grand Canyon. We have seen many and have many remaining to see to achieve my goal.
Q: What’s your vision for the future of your company within the glamping industry?
I believe our company will continue to grow at a manageable rate as we have in the past. The key is to have a trained staff to be responsive to needs of potential clients who reach out to us on a regular basis.
Q: What’s the most memorable experience you’ve had with a client or partner?
I have become a friend of one of my clients who I have worked with since 2019 who is finally about to receive funding for a $10M USDA loan. The pandemic brought his project to a halt and significantly increased his construction costs. We both own RV's and camped together last year for a week and plan to camp at his new park when it opens later this summer.
Q: How has being a part of the glamping industry impacted you personally?
I graduated with a BS in Recreation and Parks when I was 22 years old. Fifty years later, I am the owner of an Airstream and spend 1-2 months a year traveling the country. My plan is to remain active in the industry for the rest of my working life and I have no plans to retire.
Q: If you could write a book about your journey in the glamping industry, what would the title be and why?
How Persistence and Being Polite led to my Success!
Q: Is there anything else you would like to share about your experience in the glamping industry?
I have been very active providing financing in the fitness and franchise industries for many years. The people working in the RV park and glamping industry are by far the nicest and most sharing people I have ever met in my professional career.
Q: Share a quote that inspires you in your work, and explain why it resonates with you.
"If you think you can, you can. If you think you can't, your right!" Henry Ford
