Lender intelligence
Financing a convenience stores acquisition in Michigan
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.
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
We'll point you to the SBA lenders already funding your industry in your state — and help you make them compete on rate and speed.
Free · No documents · Usually same-day
DealRoom 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. DealRoom 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 DealRoom to introduce a lender active 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 2026-06-16.
- Sources: