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Potts Coastal Services LLC

Kill Devil Hills, NC · All Other Specialty Trade Contractors · NAICS 238990

Potts Coastal Services LLC is an all other specialty trade contractor located in Kill Devil Hills, North Carolina. The company was financed with an SBA 7(a) loan for a change of ownership of $553,500, approved by TowneBank with an approval date of June 18, 2026.

SBA 7(a) loan, change of ownership, approved Jun 18, 2026

$553,500 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$553,500
SBA-guaranteed amount
$415,125 (75% of the approval)
Lender
TowneBank, Portsmouth, VA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
10 years (120 months)
Estimated maturity
June 18, 2036 (estimated, approval date plus term)
Estimated monthly payment
$6,937 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 1, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Dare County, NC
SBA district office
North Carolina District Office
Congressional district
NC-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 12% 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.

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Same industry in North Carolina