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How to finance a iFoam in Michigan
The SBA 7(a) lenders funding the most iFoam deals in Michigan, from public loan records — typical iFoam loan about $629K. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance iFoam in Michigan
$709K
Typical loan
range $709K–$709K
$788K
Est. purchase price
≈ loan ÷ 90%
$108,085
Cash to close
$78,822 down + fees
$9,179/mo
Typical payment
~9.5% · 10yr
$126,670/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
9 days
Typical time to fund
1
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 iFoam in Michigan
Ranked by funded iFoam loans in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.318 loans · $229M · Osage Beach, MOFull record →
2+ funded iFoam 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.
- Urban Farmer Insulation LLC in Madison Heights, MI — $709K (2024) · First Bank of the Lake
- Program
- Preferred Lenders Program
- Rate at approval
- 11% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $532K (75%)
- Approved
- 1/27/2024
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Drywall and Insulation Contractors
Funded by First Bank of the Lake · Lender record →
Your business? Claim this record · Request removal
- Urban Farmer Insulation LLC in Madison Heights, MI — $709K (2024) · First Bank of the Lake
- Program
- Preferred Lenders Program
- Rate at approval
- 11% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $532K (75%)
- Approval → funding
- 9 days
- Approved
- 2/3/2024
- First disbursed
- 2/12/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Drywall and Insulation Contractors
Funded by First Bank of the Lake · Lender record →
Your business? Claim this record · Request removal
Buying a iFoam 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.
Free · No documents · Usually same-day
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 iFoam loans with a Michigan project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a iFoam 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. First Bank of the Lake funds the most here. CapBench is not a lender.
- $629K typical iFoam loan
- 1 lenders active in Michigan
- 2+ funded Michigan deals
- 9 days typical to fund
Buyers buying a iFoam 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 2026-06-22.
- 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.