SBA lending record

FRIENDLY AUTO SALES INC

8845 W 8 MILE RD, Detroit, MI 48221 · Used Car Dealers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$150K

Total SBA financing

Loan on record

FY2024

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$150,000 — FY2024

Gross approval: $150,000
SBA guaranteed: $127,500 (85%)
Status: Current
Rate at approval: 13.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/26/2024
First disbursement: 8/30/2024
Days to fund: 35 days
Collateral: None
Sold on secondary market: Yes
Jobs supported: 8
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Used Car Dealers
NAICS code: 441120
Lender: BayFirst National Bank
Address: 8845 W 8 MILE RD
City: Detroit, 48221
County: Wayne
SBA district office: MICHIGAN DISTRICT OFFICE
Congressional district: 9

The lender

BayFirst National Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding used car dealers — by location, industry.

SBA lenders in Michigan Lenders for used car dealers Used Car Dealers lenders in Michigan

Similar businesses

Comparable used car dealers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Car Wize

Highland Park, MI· ~3 mi

Used Car Dealers

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

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Eazzy Auto Brokers & Leasing

Royal Oak, MI· ~3 mi

Used Car Dealers

$149K
SBA financing: ≈ $291K–$485K
Est. revenue (rough)

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CARITE OF GARDEN CITY

Garden City, MI· ~11 mi

Used Car Dealers

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

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SUBURBAN AUTO SALES 2018, LLC

Madison Heights, MI· ~4 mi

Used Car Dealers

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

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Motor City Auto Connection Inc

Detroit, MI· ~4 mi

Used Car Dealers

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

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Noor Used Car Sales Inc.

Detroit, MI· ~6 mi

Used Car Dealers

$366K
SBA financing: ≈ $718K–$1.2M
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for FRIENDLY AUTO SALES INC in Detroit, MI (Used Car Dealers). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $150K
On record FY2024
8 jobs supported
Industry: Used Car Dealers
Location: Detroit, MI
Lender: BayFirst National Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Used Car Dealers businesses in MI for ~$150k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-18.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/friendly-auto-sales-inc-mi
API:: https://www.capbench.com/api/public/businesses/friendly-auto-sales-inc-mi
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with FRIENDLY AUTO SALES INC.