Cornerstone Waste & Recycling LLC
Cornerstone Waste & Recycling LLC is a solid waste collection business located in Stokesdale, NC, operating in the industry classified under NAICS code 562111. The company was financed with an SBA 7(a) loan for a change of ownership of $1,283,000, approved on November 13, 2025 by The Fidelity Bank.
SBA 7(a) loan, change of ownership, approved Nov 13, 2025
$1,283,000 approvedLender: The Fidelity Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,283,000
- SBA-guaranteed amount
- $962,250 (75% of the approval)
- Lender
- The Fidelity Bank, Fuquay Varina, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $16,427 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 25, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 562111, Solid Waste Collection
- Project location
- Rockingham County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 43% 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 South Waste & Recycling LLC, Charlotte