Education & Childcare · lender intelligence

How to finance a Code Ninjas in Michigan

State:

The SBA 7(a) lenders funding the most Code Ninjas deals in Michigan, from public loan records — typical Code Ninjas loan about $245K. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Code Ninjas in Michigan

$309K

Typical loan

range $30K–$319K

$343K

Est. purchase price

≈ loan ÷ 90%

$45,906

Cash to close

$34,322 down + fees

$4,255/mo

Typical payment

~11% · 10yr

$58,719/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

131 days

Typical time to fund

Lenders competing

more = leverage

6.79%

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 Code Ninjas in Michigan

Ranked by funded Code Ninjas loans in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.

1.2,539 loans · $965M · Columbus, OHFull record →
2.149 loans · $135M · Mukwonago, WIFull record →

6+ funded Code Ninjas 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.

Syntax Unicorn LLC in Troy, MI — $309K (2022) · Citizens Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
97 months
SBA guaranteed
$232K (75%)
Approval → funding
21 days
Approved
2/14/2022
First disbursed
3/7/2022
Loan status
Failed — $241K charged off (3/11/2026)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
13
Business age
Startup, Loan Funds will Open Business
Industry
Other Individual and Family Services
Funded by Citizens Bank · Lender record →
Your business? Claim this record · Request removal
Michigan Ninjas, LLC in Macomb, MI — $319K (2020) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
7.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$239K (75%)
Approved
10/18/2019
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
16
Business age
Startup, Loan Funds will Open Business
Industry
All Other Miscellaneous Schools and Instruction
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Michigan Ninjas, LLC in Macomb, MI — $319K (2020) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
7.5% variable
Term
58 months
SBA guaranteed
$239K (75%)
Approval → funding
10 days
Approved
11/20/2019
First disbursed
11/30/2019
Loan status
In workout — SBA bought the guarantee
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
16
Business age
Startup, Loan Funds will Open Business
Industry
All Other Miscellaneous Schools and Instruction
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Canton Coding, LLC in Canton, MI — $253K (2020) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$190K (75%)
Approval → funding
131 days
Approved
4/22/2020
First disbursed
8/31/2020
Loan status
Paid in full (1/31/2022)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
14
Business age
Startup, Loan Funds will Open Business
Industry
All Other Miscellaneous Schools and Instruction
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Canton Coding, LLC in Canton, MI — $30K (2020) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$15K (50%)
Approval → funding
286 days
Approved
4/22/2020
First disbursed
2/2/2021
Loan status
Paid in full (8/31/2025)
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
14
Business age
Startup, Loan Funds will Open Business
Industry
All Other Miscellaneous Schools and Instruction
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Michigan Ninjas, LLC in Macomb, MI — $25K (2020) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
7.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$13K (50%)
Approved
11/20/2019
Loan status
Cancelled
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
16
Business age
Startup, Loan Funds will Open Business
Industry
All Other Miscellaneous Schools and Instruction
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Code Ninjas 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.

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

CapBench analysis of public SBA 7(a) lending records; ranked by funded Code Ninjas loans with a Michigan project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Code Ninjas 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. The Huntington National Bank funds the most here. CapBench is not a lender.

$245K typical Code Ninjas loan
2 lenders active in Michigan
6+ funded Michigan deals
131 days typical to fund

Buyers buying a Code Ninjas 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.

Next steps

Pre-qualify this deal Talk to a loan broker All Code Ninjas lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/code-ninjas/michigan
API:: https://www.capbench.com/api/public/lenders?franchise=code-ninjas
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.