Lender intelligence
Financing a gift, novelty, and souvenir retailers acquisition in Michigan
The SBA 7(a) lenders funding the most gift, novelty, and souvenir retailers 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 gift, novelty, and souvenir retailers · Michigan
Ranked by funded gift, novelty, and souvenir retailers acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.9 loans · $5M · Wausau, WIFull record →
- 2.10 loans · $3M · Traverse City, MIFull record →
4+ funded Gift, Novelty, and Souvenir Retailers 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.
- The Copper Loon L.L.C. in Copper Harbor, MI — $720K (2023) · purchase · IncredibleBank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.75% variable
- Term
- 174 months
- SBA guaranteed
- $540K (75%)
- Approval → funding
- 49 days
- Approved
- 7/28/2023
- First disbursed
- 9/15/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 6
- Business age
- Change of Ownership
- Industry
- Gift, Novelty, and Souvenir Retailers
If you were the buyer here
- Est. deal size
- $800K
- Est. down payment (10%)
- $80K
- Est. cash at closing
- $110K
- Monthly payment
- $7,744
- Annual debt service
- $93K
- Cash flow needed (1.25×)
- $116K
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 IncredibleBank · Lender record →
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- Huffman Enterprises, LLC in Charlevoix, MI — $518K (2023) · purchase · 4Front Credit Union
- Program
- 7a General
- Rate at approval
- 8.95% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $388K (75%)
- Approval → funding
- 6 days
- Approved
- 1/31/2023
- First disbursed
- 2/6/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Gift, Novelty, and Souvenir Retailers
If you were the buyer here
- Est. deal size
- $575K
- Est. down payment (10%)
- $58K
- Est. cash at closing
- $77K
- Monthly payment
- $6,541
- Annual debt service
- $78K
- Cash flow needed (1.25×)
- $98K
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
- Spirit Dreams, Inc. in Grand Rapids, MI — $670K (2022) · purchase · United Bank of Michigan
- Program
- 7a General
- Rate at approval
- 5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $503K (75%)
- Approval → funding
- 23 days
- Approved
- 6/22/2022
- First disbursed
- 7/15/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Gift, Novelty, and Souvenir Retailers
If you were the buyer here
- Est. deal size
- $744K
- Est. down payment (10%)
- $74K
- Est. cash at closing
- $100K
- Monthly payment
- $7,106
- Annual debt service
- $85K
- Cash flow needed (1.25×)
- $107K
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
Your business? Claim this record · Request removal
- UP Trading and Exclusive Moose LLC in Newberry, MI — $287K (2022) · purchase · Central Savings Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6.25% fixed
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $144K (50%)
- Approval → funding
- 30 days
- Approved
- 8/28/2022
- First disbursed
- 9/27/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Gift, Novelty, and Souvenir Retailers
If you were the buyer here
- Est. deal size
- $319K
- Est. down payment (10%)
- $32K
- Est. cash at closing
- $43K
- Monthly payment
- $2,098
- Annual debt service
- $25K
- Cash flow needed (1.25×)
- $31K
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 Central Savings Bank
Your business? Claim this record · Request removal
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to gift, novelty, and souvenir retailers businesses with a Michigan project address.
Agent summary
How to finance a gift, novelty, and souvenir retailers 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. IncredibleBank funds the most here. DealRoom is not a lender.
- $305K typical loan
- 4 lenders active in Michigan
- 4+ funded Michigan deals
- 30 days typical to fund
Buyers buying a gift, novelty, and souvenir retailers 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.
Next steps
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.