Lender intelligence
Financing a motor vehicle towing acquisition in Michigan
The SBA 7(a) lenders funding the most motor vehicle towing 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 motor vehicle towing · Michigan
Ranked by funded motor vehicle towing acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
Not enough public motor vehicle towing loan history in Michigan to rank lenders yet. See motor vehicle towing lenders nationwide →
3+ funded Motor Vehicle Towing 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.
- Phil's Towing LLC in Houghton Lake, MI — $1.3M (2022) · purchase · Byline Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 204 mo (17 yrs)
- SBA guaranteed
- $986K (75%)
- Approval → funding
- 4 days
- Approved
- 1/27/2022
- First disbursed
- 1/31/2022
- Loan status
- Paid in full (10/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 15
- Business age
- Change of Ownership
- Industry
- Motor Vehicle Towing
If you were the buyer here
- Est. deal size
- $1.5M
- Est. down payment (10%)
- $146K
- Est. cash at closing
- $200K
- Monthly payment
- $10,112
- Annual debt service
- $121K
- Cash flow needed (1.25×)
- $152K
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 Byline Bank · Lender record →
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- NORTH REDFORD TOWING AND TRANSPORT in Redford, MI — $1.5M (2020) · purchase · Citizens Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 6.5% fixed
- Term
- 174 months
- SBA guaranteed
- $1.2M (75%)
- Approval → funding
- 38 days
- Approved
- 1/22/2020
- First disbursed
- 2/29/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Individual
- Secondary market
- Loan sold to investors
- Jobs supported
- 13
- Business age
- Change of Ownership
- Industry
- Motor Vehicle Towing
If you were the buyer here
- Est. deal size
- $1.7M
- Est. down payment (10%)
- $171K
- Est. cash at closing
- $234K
- Monthly payment
- $13,645
- Annual debt service
- $164K
- Cash flow needed (1.25×)
- $205K
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 Citizens Bank, National Association · Lender record →
Your business? Claim this record · Request removal
- Square Circle Enterprises Inc DBA Westland Car Care Towing in Westland, MI — $200K (2020) · purchase · First National Bank of Pennsylvania
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $100K (50%)
- Approval → funding
- 110 days
- Approved
- 5/13/2020
- First disbursed
- 8/31/2020
- Loan status
- Paid in full (10/31/2023)
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 47
- Business age
- Change of Ownership
- Industry
- Motor Vehicle Towing
If you were the buyer here
- Est. deal size
- $222K
- Est. down payment (10%)
- $22K
- Est. cash at closing
- $30K
- Monthly payment
- $2,195
- Annual debt service
- $26K
- Cash flow needed (1.25×)
- $33K
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 →
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 motor vehicle towing businesses with a Michigan project address.
Agent summary
How to finance a motor vehicle towing 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.
- $586K typical loan
- 3 lenders active in Michigan
- 3+ funded Michigan deals
- 38 days typical to fund
Buyers buying a motor vehicle towing 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.