Turf Recyclers USA LLC
Turf Recyclers USA LLC is a business in Rockland, Massachusetts, classified under the industry of recyclable material merchant wholesalers. The company financed real estate or equipment through an SBA 504 loan approved on May 1, 2024, with MountainOne Bank as the lending bank and Bay Colony Development Corporation as the certified development company, with an SBA portion of $1,290,000.
SBA 504 loan, approved May 1, 2024
$1,290,000 SBA portionCDC: Bay Colony Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,290,000
- Bank portion
- $1,904,011
- Estimated project size
- $3,548,901 (estimated)
- Estimated owner equity
- $354,890 (estimated, about 10% of the project)
- Bank lender
- MountainOne Bank, North Adams, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 1, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 423930, Recyclable Material Merchant Wholesalers
- Project location
- Plymouth County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-8
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Average expansion loan in Recyclable Material Merchant Wholesalers: $2,389,263.
- Average expansion loan in Massachusetts: $2,009,683.
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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