Financing a sporting goods stores acquisition in Michigan

State:

Arizona (2)California (3)Colorado (7)Connecticut (2)Florida (8)Georgia (2)Idaho (1)Illinois (1)Indiana (1)Kansas (2)Massachusetts (2)Minnesota (8)

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

$473K

Typical loan

range $118K–$640K

$525K

Est. purchase price

≈ loan ÷ 90%

$70,219

Cash to close

$52,500 down + fees

$6,114/mo

Typical payment

~9.5% · 10yr

$84,373/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

30 days

Typical time to fund

Lenders competing

more = leverage

5.75%

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 sporting goods stores · Michigan

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

Not enough public sporting goods stores loan history in Michigan to rank lenders yet. See sporting goods stores lenders nationwide →

4+ funded Sporting Goods 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.

K&R Armory LLC in Bay City, MI — $640K (2022) · purchase · 1st State Bank
Program
Preferred Lenders Program
Rate at approval
5.75% fixed
Term
60 mo (5 yrs)
SBA guaranteed
$480K (75%)
Approved
3/15/2022
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
16
Business age
Change of Ownership
Industry
Sporting Goods Stores
If you were the buyer here
Est. deal size
$711K
Est. down payment (10%)
$71K
Est. cash at closing
$95K
Monthly payment
$12,299
Annual debt service
$148K
Cash flow needed (1.25×)
$184K
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 1st State Bank · Lender record →
Your business? Claim this record · Request removal
Big Tine, LLC in Traverse City, MI — $473K (2021) · purchase · 4Front Credit Union
Program
7a General
Rate at approval
5.25% variable
Term
240 mo (20 yrs)
SBA guaranteed
$425K (90%)
Approval → funding
13 days
Approved
7/16/2021
First disbursed
7/29/2021
Loan status
Delinquent
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
4
Business age
Change of Ownership
Industry
Sporting Goods Stores
If you were the buyer here
Est. deal size
$525K
Est. down payment (10%)
$53K
Est. cash at closing
$70K
Monthly payment
$3,184
Annual debt service
$38K
Cash flow needed (1.25×)
$48K
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 4Front Credit Union · Lender record →
Your business? Claim this record · Request removal
Schutter Bicycles LLC in Zeeland, MI — $118K (2020) · purchase · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6% variable
Term
84 mo (7 yrs)
SBA guaranteed
$59K (50%)
Approval → funding
30 days
Approved
10/31/2019
First disbursed
11/30/2019
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
1
Business age
Change of Ownership
Industry
Sporting Goods Stores
If you were the buyer here
Est. deal size
$131K
Est. down payment (10%)
$13K
Est. cash at closing
$17K
Monthly payment
$1,728
Annual debt service
$21K
Cash flow needed (1.25×)
$26K
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 Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Schutter Bicycles LLC in Zeeland, MI — $25K (2020) · purchase · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6% variable
Term
94 months
SBA guaranteed
$13K (50%)
Approval → funding
92 days
Approved
10/31/2019
First disbursed
1/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
1
Business age
Change of Ownership
Industry
Sporting Goods Stores
If you were the buyer here
Est. deal size
$28K
Est. down payment (10%)
$3K
Est. cash at closing
$4K
Monthly payment
$334
Annual debt service
$4K
Cash flow needed (1.25×)
$5K
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 Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

Financing a sporting goods 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 sporting goods stores businesses with a Michigan project address.

Agent summary

How to finance a sporting goods 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. CapBench is not a lender.

$581K typical loan
3 lenders active in Michigan
4+ funded Michigan deals
30 days typical to fund

Buyers buying a sporting goods 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 sporting goods stores 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/industry/sporting-goods-stores/michigan
API:: https://www.capbench.com/api/public/lenders?industry=sporting-goods-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.