Main Street Registry

Innovative Turf Solutions LLC

Charlotte, NC · All Other Specialty Trade Contractors · NAICS 238990

Innovative Turf Solutions LLC is a business in Charlotte, North Carolina, classified under NAICS 238990 (All Other Specialty Trade Contractors). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $578,500, approved on April 19, 2024, through American Momentum Bank.

SBA 7(a) loan, change of ownership, approved Apr 19, 2024

$578,500 approvedLender: American Momentum Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$578,500
SBA-guaranteed amount
$433,875 (75% of the approval)
Lender
American Momentum Bank, College Station, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
April 19, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,051 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 3, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Mecklenburg County, NC
SBA district office
North Carolina District Office
Congressional district
NC-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 13% of acquisition loans in All Other Specialty Trade Contractors on this site.
  • Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in North Carolina