Retail & Shops · lender intelligence
How to finance a Plato's Closet in Michigan
The SBA 7(a) lenders funding the most Plato's Closet deals in Michigan, from public loan records — typical Plato's Closet loan about $467K. A bank already funding the brand in your state knows it twice over.
Most active with Plato's Closet in Michigan
Ranked by funded Plato's Closet loans in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.2,539 loans · $965M · Columbus, OHFull record →
- 2.128 loans · $40M · Wilmington, DEFull record →
2+ funded Plato's Closet 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.
- BRADFORD CONSULTING, L.L.C. in Grand Rapids, MI — $430K (2024) · PNC Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 8.18% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $323K (75%)
- Approval → funding
- 12 days
- Approved
- 11/22/2023
- First disbursed
- 12/4/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Existing or more than 2 years old
- Industry
- Used Merchandise Retailers
Funded by PNC Bank, National Association · Lender record →
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- Plamondon Investments LLC in Traverse City, MI — $514K (2022) · purchase · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $385K (75%)
- Approval → funding
- 3 days
- Approved
- 5/2/2022
- First disbursed
- 5/5/2022
- Loan status
- Paid in full (5/31/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 34
- Business age
- Change of Ownership
- Industry
- Full-Service Restaurants
If you were the buyer here
- Est. deal size
- $571K
- Est. down payment (10%)
- $57K
- Est. cash at closing
- $76K
- Monthly payment
- $5,701
- Annual debt service
- $68K
- 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 The Huntington National Bank · Lender record →
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Buying a Plato's Closet in Michigan? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Plato's Closet loans with a Michigan project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Plato's Closet purchase in Michigan with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Michigan deals. The Huntington National Bank funds the most here. DealRoom is not a lender.
- $467K typical Plato's Closet loan
- 2 lenders active in Michigan
- 2+ funded Michigan deals
- 12 days typical to fund
Buyers buying a Plato's Closet in Michigan typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources: