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.
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.
Not enough public hardware stores loan history in Michigan to rank lenders yet. See hardware stores lenders nationwide →
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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DealRoom 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. DealRoom 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 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:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.