How to finance a Uptown Cheapskate in Michigan

State:

Arizona (3)California (2)Colorado (1)Florida (2)Georgia (4)Indiana (1)Kentucky (1)Maryland (1)Minnesota (1)Missouri (2)Nevada (1)North Carolina (2)

The SBA 7(a) lenders funding the most Uptown Cheapskate deals in Michigan, from public loan records — typical Uptown Cheapskate loan about $500K. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Uptown Cheapskate in Michigan

$500K

Typical loan

range $489K–$641K

$556K

Est. purchase price

≈ loan ÷ 90%

$74,306

Cash to close

$55,556 down + fees

$6,470/mo

Typical payment

~9.5% · 10yr

$89,286/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

33 days

Typical time to fund

Lenders competing

more = leverage

8.46%

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 Uptown Cheapskate in Michigan

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

1.149 loans · $135M · Mukwonago, WIFull record →
2.2,539 loans · $965M · Columbus, OHFull record →

6+ funded Uptown Cheapskate 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.

Formally Forward LLC in Muskegon, MI — $651K (2026) · Citizens Bank
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
126 months
SBA guaranteed
$488K (75%)
Approval → funding
33 days
Approved
1/22/2026
First disbursed
2/24/2026
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Startup, Loan Funds will Open Business
Industry
Clothing and Clothing Accessories Retailers
Funded by Citizens Bank · Lender record →
Your business? Claim this record · Request removal
UC LANSING LLC in East Lansing, MI — $641K (2024) · Citizens Bank
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
126 months
SBA guaranteed
$481K (75%)
Approval → funding
42 days
Approved
9/3/2024
First disbursed
10/15/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
12
Business age
New Business or 2 years or less
Industry
Used Merchandise Retailers
Funded by Citizens Bank · Lender record →
Your business? Claim this record · Request removal
New London Corporation in Livonia, MI — $489K (2023) · Citizens Bank
Program
Preferred Lenders Program
Rate at approval
9.75% variable
Term
100 months
SBA guaranteed
$367K (75%)
Approval → funding
7 days
Approved
12/29/2022
First disbursed
1/5/2023
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
20
Business age
Startup, Loan Funds will Open Business
Industry
Used Merchandise Retailers
Funded by Citizens Bank · Lender record →
Your business? Claim this record · Request removal
UC Holland LLC in Holland, MI — $492K (2022) · Citizens Bank
Program
Preferred Lenders Program
Rate at approval
8.25% variable
Term
126 months
SBA guaranteed
$369K (75%)
Approval → funding
134 days
Approved
8/31/2022
First disbursed
1/12/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
Business age
Startup, Loan Funds will Open Business
Industry
Used Merchandise Retailers
Funded by Citizens Bank · Lender record →
Your business? Claim this record · Request removal
UC KENTWOOD, LLC in Kentwood, MI — $500K (2021) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$450K (90%)
Approval → funding
3 days
Approved
9/27/2021
First disbursed
9/30/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
19
Business age
Startup, Loan Funds will Open Business
Industry
Used Merchandise Stores
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
UC KENTWOOD, LLC in Kentwood, MI — $25K (2021) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$19K (75%)
Approval → funding
3 days
Approved
9/27/2021
First disbursed
9/30/2021
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
19
Business age
Startup, Loan Funds will Open Business
Industry
Used Merchandise Stores
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Uptown Cheapskate 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 Uptown Cheapskate loans with a Michigan project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Uptown Cheapskate 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. Citizens Bank funds the most here. CapBench is not a lender.

$500K typical Uptown Cheapskate loan
2 lenders active in Michigan
6+ funded Michigan deals
33 days typical to fund

Buyers buying a Uptown Cheapskate 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 Uptown Cheapskate lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-24.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/uptown-cheapskate/michigan
API:: https://www.capbench.com/api/public/lenders?franchise=uptown-cheapskate&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.