Financing a convenience stores acquisition in Michigan

State:

The SBA 7(a) lenders funding the most convenience stores 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 convenience stores in Michigan

$450K

Typical loan

range $350K–$480K

$500K

Est. purchase price

≈ loan ÷ 90%

$66,875

Cash to close

$50,000 down + fees

$5,823/mo

Typical payment

~9.5% · 10yr

$80,357/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

99 days

Typical time to fund

Lenders competing

more = leverage

6.98%

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 in convenience stores · Michigan

Ranked by funded convenience stores acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.

1.95 loans · $67M · New York, NYFull record →

6+ funded Convenience Stores 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.

NPKKG LLC in Fulton, MI — $439K (2024) · purchase · Grasshopper Bank National Association
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$329K (75%)
Approval → funding
9 days
Approved
4/22/2024
First disbursed
5/1/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
7
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$487K
Est. down payment (10%)
$49K
Est. cash at closing
$65K
Monthly payment
$6,103
Annual debt service
$73K
Cash flow needed (1.25×)
$92K
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 Grasshopper Bank National Association · Lender record →
Your business? Claim this record · Request removal
5 Rivers Party Store, LLC in Detroit, MI — $450K (2021) · purchase · Commonwealth Business Bank
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$405K (90%)
Approval → funding
173 days
Approved
7/7/2021
First disbursed
12/27/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
2
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$500K
Est. down payment (10%)
$50K
Est. cash at closing
$67K
Monthly payment
$4,828
Annual debt service
$58K
Cash flow needed (1.25×)
$72K
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 Commonwealth Business Bank · Lender record →
Your business? Claim this record · Request removal
Lucky Discount Liquor, LLC in Coldwater, MI — $530K (2020) · purchase · Southern Michigan Bank & Trust
Program
7a General
Rate at approval
6.25% variable
Term
180 mo (15 yrs)
SBA guaranteed
$398K (75%)
Approval → funding
103 days
Approved
12/19/2019
First disbursed
3/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
3
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$589K
Est. down payment (10%)
$59K
Est. cash at closing
$79K
Monthly payment
$4,544
Annual debt service
$55K
Cash flow needed (1.25×)
$68K
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 Southern Michigan Bank & Trust · Lender record →
Your business? Claim this record · Request removal
SKP Coldwater, LLC in Coldwater, MI — $480K (2020) · purchase · Southern Michigan Bank & Trust
Program
7a General
Rate at approval
6.25% fixed
Term
240 mo (20 yrs)
SBA guaranteed
$360K (75%)
Approval → funding
99 days
Approved
4/23/2020
First disbursed
7/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
4
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$533K
Est. down payment (10%)
$53K
Est. cash at closing
$71K
Monthly payment
$3,508
Annual debt service
$42K
Cash flow needed (1.25×)
$53K
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 Southern Michigan Bank & Trust · Lender record →
Your business? Claim this record · Request removal
Badal, LLC in Grand Rapids, MI — $350K (2020) · purchase · Independent Bank
Program
7a General
Rate at approval
5.65% fixed
Term
84 mo (7 yrs)
SBA guaranteed
$263K (75%)
Approval → funding
12 days
Approved
8/19/2020
First disbursed
8/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$389K
Est. down payment (10%)
$39K
Est. cash at closing
$52K
Monthly payment
$5,054
Annual debt service
$61K
Cash flow needed (1.25×)
$76K
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 Independent Bank · Lender record →
Your business? Claim this record · Request removal
Bolda Properties, LLC in Rapid River, MI — $325K (2020) · purchase · Nicolet National Bank
Program
Preferred Lenders Program
Rate at approval
7.25% variable
Term
240 mo (20 yrs)
SBA guaranteed
$244K (75%)
Approval → funding
2 days
Approved
10/1/2019
First disbursed
10/3/2019
Loan status
In liquidation
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
11
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$361K
Est. down payment (10%)
$36K
Est. cash at closing
$48K
Monthly payment
$2,569
Annual debt service
$31K
Cash flow needed (1.25×)
$39K
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 Nicolet National Bank · Lender record →
Your business? Claim this record · Request removal

Financing a convenience stores deal in Michigan? Start with the right lender

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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to convenience stores businesses with a Michigan project address.

Agent summary

How to finance a convenience stores 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. Grasshopper Bank National Association funds the most here. CapBench is not a lender.

$578K typical loan
5 lenders active in Michigan
6+ funded Michigan deals
99 days typical to fund

Buyers buying a convenience stores 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.

Next steps

Pre-qualify this deal Talk to a loan broker All convenience stores lenders

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.
Canonical:: https://www.capbench.com/lenders/industry/convenience-stores/michigan
API:: https://www.capbench.com/api/public/lenders?industry=convenience-stores&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.