Automotive · lender intelligence
How to finance a Snap-On in Michigan
The SBA 7(a) lenders funding the most Snap-On deals in Michigan, from public loan records — typical Snap-On loan about $150K. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance Snap-On in Michigan
$25K
Typical loan
range $25K–$25K
$28K
Est. purchase price
≈ loan ÷ 90%
$3,578
Cash to close
$2,778 down + fees
$373/mo
Typical payment
~13% · 10yr
$5,147/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
29 days
Typical time to fund
1
Lenders competing
more = leverage
10.75%
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 Snap-On in Michigan
Ranked by funded Snap-On 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 →
1+ funded Snap-On 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.
- Ben's Tool Box LLC in Mount Clemens, MI — $25K (2023) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $13K (50%)
- Approval → funding
- 29 days
- Approved
- 8/9/2023
- First disbursed
- 9/7/2023
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Motor Vehicle Supplies and New Parts Merchant Wholesalers
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Buying a Snap-On 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 Snap-On loans with a Michigan project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Snap-On 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.
- $150K typical Snap-On loan
- 1 lenders active in Michigan
- 1+ funded Michigan deals
- 29 days typical to fund
Buyers buying a Snap-On 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 2026-06-17.
- 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.