Cornerstone South Waste & Recycling LLC
Cornerstone South Waste & Recycling LLC is a solid waste collection business in Charlotte, North Carolina, classified under NAICS 562111. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2.32 million, approved by The Bancorp Bank National Association on September 9, 2026.
SBA 7(a) loan, change of ownership, approved Sep 9, 2026
$2,320,000 approvedLender: The Bancorp Bank National Association182 months termCommitted, not fully disbursedLoan details
- Gross approval
- $2,320,000
- SBA-guaranteed amount
- $1,740,000 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 15 years, 2 months (182 months)
- Estimated maturity
- November 9, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $21,711 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 562111, Solid Waste Collection
- Project location
- Mecklenburg County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 90% of acquisition loans in Solid Waste Collection on this site.
- Average acquisition loan in Solid Waste Collection: $1,466,890.
- Average acquisition loan in North Carolina: $1,952,444.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in North Carolina
- Cornerstone Waste & Recycling LLC, Stokesdale