Food & Restaurants · lender intelligence
How to finance a Charleys Philly Steaks in Michigan
The SBA 7(a) lenders funding the most Charleys Philly Steaks deals in Michigan, from public loan records — typical Charleys Philly Steaks loan about $425K. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance Charleys Philly Steaks in Michigan
$540K
Typical loan
range $200K–$540K
$600K
Est. purchase price
≈ loan ÷ 90%
$80,280
Cash to close
$60,022 down + fees
$6,990/mo
Typical payment
~9.5% · 10yr
$96,462/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
44 days
Typical time to fund
2
Lenders competing
more = leverage
11%
Avg rate on record
cap ~9.75%
Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.
Most active with Charleys Philly Steaks in Michigan
Ranked by funded Charleys Philly Steaks loans in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.18 loans · $21M · Farmington Hills, MIFull record →
- 2.103 loans · $64M · Indiana, PAFull record →
2+ funded Charleys Philly Steaks in Michigan deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- EAST DETROIT STEAKS INC in Detroit, MI — $200K (2024) · Community Choice CU
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 11.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $100K (50%)
- Approval → funding
- 44 days
- Approved
- 6/17/2024
- First disbursed
- 7/31/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Community Choice CU · Lender record →
Your business? Claim this record · Request removal
- Mawad Sup 1, Inc. in Sterling Heights, MI — $540K (2023) · First Commonwealth Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $405K (75%)
- Approval → funding
- 36 days
- Approved
- 4/19/2023
- First disbursed
- 5/25/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 21
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by First Commonwealth Bank · Lender record →
Your business? Claim this record · Request removal
Buying a Charleys Philly Steaks in Michigan? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
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Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.
CapBench analysis of public SBA 7(a) lending records; ranked by funded Charleys Philly Steaks loans with a Michigan project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Charleys Philly Steaks purchase in Michigan with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Michigan deals. Community Choice CU funds the most here. CapBench is not a lender.
- $425K typical Charleys Philly Steaks loan
- 2 lenders active in Michigan
- 2+ funded Michigan deals
- 44 days typical to fund
Buyers buying a Charleys Philly Steaks in Michigan typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-23.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- 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.