Lender intelligence
Financing a hardware stores acquisition in Michigan
The SBA 7(a) lenders funding the most hardware 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 hardware stores in Michigan
$2.00M
Typical loan
range $734K–$2.76M
$2.22M
Est. purchase price
≈ loan ÷ 90%
$306,188
Cash to close
$222,378 down + fees
$26,172/mo
Typical payment
~9.75% · 10yr
$361,174/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
32 days
Typical time to fund
3
Lenders competing
more = leverage
5.25%
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 hardware stores · Michigan
Ranked by funded hardware stores acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.47 loans · $39M · Greenville, PAFull record →
3+ funded Hardware 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.
- ALPHA GROUP DEVELOPMENT LLC in Greenville, MI — $2.8M (2021) · purchase · United Bank of Michigan
- Program
- 7a General
- Rate at approval
- 4.25% variable
- Term
- 288 mo (24 yrs)
- SBA guaranteed
- $2.5M (90%)
- Approval → funding
- 54 days
- Approved
- 3/26/2021
- First disbursed
- 5/19/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 49
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $3.1M
- Est. down payment (10%)
- $306K
- Est. cash at closing
- $423K
- Monthly payment
- $15,292
- Annual debt service
- $184K
- Cash flow needed (1.25×)
- $229K
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 United Bank of Michigan
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- Big Rapids Cash & Carry Inc in Big Rapids, MI — $2.0M (2020) · purchase · First National Bank of Pennsylvania
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 184 months
- SBA guaranteed
- $1.5M (75%)
- Approval → funding
- 32 days
- Approved
- 7/30/2020
- First disbursed
- 8/31/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 20
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $2.2M
- Est. down payment (10%)
- $222K
- Est. cash at closing
- $306K
- Monthly payment
- $16,124
- Annual debt service
- $193K
- Cash flow needed (1.25×)
- $242K
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 First National Bank of Pennsylvania · Lender record →
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- Scott Bresson Properties LLC in Portage, MI — $734K (2020) · purchase · Sturgis Bank & Trust Company
- Program
- 7a General
- Rate at approval
- 6% fixed
- Term
- 204 mo (17 yrs)
- SBA guaranteed
- $550K (75%)
- Approval → funding
- 7 days
- Approved
- 3/24/2020
- First disbursed
- 3/31/2020
- Loan status
- Paid in full (9/30/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $815K
- Est. down payment (10%)
- $82K
- Est. cash at closing
- $112K
- Monthly payment
- $5,744
- Annual debt service
- $69K
- Cash flow needed (1.25×)
- $86K
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 Sturgis Bank & Trust Company
Your business? Claim this record · Request removal
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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to hardware stores businesses with a Michigan project address.
Agent summary
How to finance a hardware 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. First National Bank of Pennsylvania funds the most here. CapBench is not a lender.
- $887K typical loan
- 3 lenders active in Michigan
- 3+ funded Michigan deals
- 32 days typical to fund
Buyers buying a hardware 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.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-10-12.
- 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.