Lender intelligence
Financing a barber shops acquisition in Michigan
The SBA 7(a) lenders funding the most barber shops acquisitions in Michigan, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Deal economics— what it takes to buy & finance barber shops in Michigan
$150K
Typical loan
range $150K–$150K
$166K
Est. purchase price
≈ loan ÷ 90%
$21,409
Cash to close
$16,622 down + fees
$2,212/mo
Typical payment
~12.75% · 10yr
$30,526/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
20 days
Typical time to fund
1
Lenders competing
more = leverage
6%
Avg rate on record
cap ~10.00%
Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.
Most active in barber shops · Michigan
Ranked by funded barber shops acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.1 loans · $0M · Mason, MIFull record →
1+ funded Barber Shops 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.
- Family Barbershop of Dewitt LLC in Dewitt, MI — $150K (2023) · purchase · The Dart Bank
- Program
- 7a General
- Rate at approval
- 6% fixed
- Term
- 180 mo (15 yrs)
- SBA guaranteed
- $127K (85%)
- Approval → funding
- 20 days
- Approved
- 11/10/2022
- First disbursed
- 11/30/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Change of Ownership
- Industry
- Barber Shops
If you were the buyer here
- Est. deal size
- $166K
- Est. down payment (10%)
- $17K
- Est. cash at closing
- $21K
- Monthly payment
- $1,262
- Annual debt service
- $15K
- Cash flow needed (1.25×)
- $19K
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 Dart Bank · Lender record →
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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to barber shops businesses with a Michigan project address.
Agent summary
How to finance a barber shops acquisition in Michigan with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Michigan deals. The Dart Bank funds the most here. CapBench is not a lender.
- $210K typical loan
- 1 lenders active in Michigan
- 1+ funded Michigan deals
- 20 days typical to fund
Buyers buying a barber shops in Michigan typically pre-qualify, then ask CapBench to introduce a lender active 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 2026-10-13.
- 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.