Financing a custom computer programming services acquisition in Michigan

State:

The SBA 7(a) lenders funding the most custom computer programming services 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 custom computer programming services in Michigan

$800K

Typical loan

range $332K–$5.00M

$889K

Est. purchase price

≈ loan ÷ 90%

$121,889

Cash to close

$88,889 down + fees

$10,352/mo

Typical payment

~9.5% · 10yr

$142,858/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

53 days

Typical time to fund

Lenders competing

more = leverage

6.02%

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 custom computer programming services · Michigan

Ranked by funded custom computer programming services acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.

Not enough public custom computer programming services loan history in Michigan to rank lenders yet. See custom computer programming services lenders nationwide →

3+ funded Custom Computer Programming Services 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.

SimuQuest, Inc. in Ann Arbor, MI — $800K (2021) · purchase · Bank of Ann Arbor
Program
7a General
Rate at approval
5.75% variable
Term
84 mo (7 yrs)
SBA guaranteed
$720K (90%)
Approved
3/16/2021
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
13
Business age
Change of Ownership
Industry
Custom Computer Programming Services
If you were the buyer here
Est. deal size
$889K
Est. down payment (10%)
$89K
Est. cash at closing
$122K
Monthly payment
$11,591
Annual debt service
$139K
Cash flow needed (1.25×)
$174K
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 Bank of Ann Arbor · Lender record →
Your business? Claim this record · Request removal
Grand Apps Development in Grand Rapids, MI — $332K (2021) · purchase · CenTrust Bank, A Division of SmartBiz Bank National Association
Program
7a General
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$249K (75%)
Approval → funding
53 days
Approved
10/8/2020
First disbursed
11/30/2020
Loan status
Paid in full (10/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
6
Business age
Change of Ownership
Industry
Custom Computer Programming Services
If you were the buyer here
Est. deal size
$369K
Est. down payment (10%)
$37K
Est. cash at closing
$49K
Monthly payment
$3,686
Annual debt service
$44K
Cash flow needed (1.25×)
$55K
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 CenTrust Bank, A Division of SmartBiz Bank National Association · Lender record →
Your business? Claim this record · Request removal
BMK Solutions, LLC in Romulus, MI — $5.0M (2020) · purchase · Bank of Ann Arbor
Program
7a General
Rate at approval
6.3% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$3.8M (75%)
Approval → funding
37 days
Approved
1/23/2020
First disbursed
2/29/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
47
Business age
Change of Ownership
Industry
Custom Computer Programming Services
If you were the buyer here
Est. deal size
$5.6M
Est. down payment (10%)
$556K
Est. cash at closing
$769K
Monthly payment
$56,267
Annual debt service
$675K
Cash flow needed (1.25×)
$844K
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 Bank of Ann Arbor · Lender record →
Your business? Claim this record · Request removal

Financing a custom computer programming services 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 custom computer programming services businesses with a Michigan project address.

Agent summary

How to finance a custom computer programming services 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. CapBench is not a lender.

$543K typical loan
2 lenders active in Michigan
3+ funded Michigan deals
53 days typical to fund

Buyers buying a custom computer programming services 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 custom computer programming services lenders

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.
Canonical:: https://www.capbench.com/lenders/industry/custom-computer-programming-services/michigan
API:: https://www.capbench.com/api/public/lenders?industry=custom-computer-programming-services
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.