How to finance a Toro - Authorized Dealer Agreement in Michigan

State:

The SBA 7(a) lenders funding the most Toro - Authorized Dealer Agreement deals in Michigan, from public loan records — typical Toro - Authorized Dealer Agreement loan about $2.6M. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Toro - Authorized Dealer Agreement in Michigan

$1.21M

Typical loan

range $75K–$1.21M

$1.35M

Est. purchase price

≈ loan ÷ 90%

$184,662

Cash to close

$134,667 down + fees

$15,683/mo

Typical payment

~9.5% · 10yr

$216,425/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

Lenders competing

more = leverage

5.75%

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 Toro - Authorized Dealer Agreement in Michigan

Ranked by funded Toro - Authorized Dealer Agreement 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+ funded Toro - Authorized Dealer Agreement 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.

Chippewa Property Holdings LLC in Grand Rapids, MI — $1.2M (2020) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
300 mo (25 yrs)
SBA guaranteed
$909K (75%)
Approved
4/22/2020
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Change of Ownership
Industry
General Rental Centers
If you were the buyer here
Est. deal size
$1.3M
Est. down payment (10%)
$135K
Est. cash at closing
$185K
Monthly payment
$7,625
Annual debt service
$91K
Cash flow needed (1.25×)
$114K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Allen Family Enterprises LLC in Grand Rapids, MI — $75K (2020) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$38K (50%)
Approved
4/22/2020
Loan status
Cancelled
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Existing or more than 2 years old
Industry
General Rental Centers
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

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

Agent summary

How to finance a Toro - Authorized Dealer Agreement 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.

$2.6M typical Toro - Authorized Dealer Agreement loan
1 lenders active in Michigan
2+ funded Michigan deals

Buyers buying a Toro - Authorized Dealer Agreement 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 Toro - Authorized Dealer Agreement lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-07-27.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/toro-authorized-dealer-agreement/michigan
API:: https://www.capbench.com/api/public/lenders?franchise=toro-authorized-dealer-agreement&state=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.