Lender intelligence
Financing a new car dealers acquisition in Michigan
The SBA 7(a) lenders funding the most new car dealers 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 new car dealers · Michigan
Ranked by funded new car dealers acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.3,264 loans · $846M · Miami, FLFull record →
- 2.88 loans · $96M · Muncie, INFull record →
- 3.168 loans · $205M · Fishers, INFull record →
5+ funded New Car Dealers 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.
- JOHNSON AUTOMOTIVE GROUP MICHIGAN, LLC in Benton Harbor, MI — $1.5M (2026) · purchase · First Merchants Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approved
- 1/29/2026
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 27
- Business age
- Change of Ownership
- Industry
- New Car Dealers
If you were the buyer here
- Est. deal size
- $1.7M
- Est. down payment (10%)
- $168K
- Est. cash at closing
- $231K
- Monthly payment
- $17,389
- Annual debt service
- $209K
- Cash flow needed (1.25×)
- $261K
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 Merchants Bank · Lender record →
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- Sarah Jones Ford of St. Ignace, LLC in Grand Rapids, MI — $3.0M (2025) · purchase · Newtek Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 10.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $2.3M (75%)
- Approved
- 9/11/2025
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 25
- Business age
- Change of Ownership
- Industry
- New Car Dealers
If you were the buyer here
- Est. deal size
- $3.3M
- Est. down payment (10%)
- $333K
- Est. cash at closing
- $460K
- Monthly payment
- $40,480
- Annual debt service
- $486K
- Cash flow needed (1.25×)
- $607K
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 Newtek Bank, National Association · Lender record →
Your business? Claim this record · Request removal
- Sarah Jones Ford of St. Ignace, LLC in Grand Rapids, MI — $2.0M (2025) · purchase · Newtek Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 10.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.5M (75%)
- Approval → funding
- 19 days
- Approved
- 9/11/2025
- First disbursed
- 9/30/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 25
- Business age
- Change of Ownership
- Industry
- New Car Dealers
If you were the buyer here
- Est. deal size
- $2.2M
- Est. down payment (10%)
- $222K
- Est. cash at closing
- $306K
- Monthly payment
- $18,884
- Annual debt service
- $227K
- Cash flow needed (1.25×)
- $283K
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 Newtek Bank, National Association · Lender record →
Your business? Claim this record · Request removal
- Redzone Auto LLC in West Bloomfield, MI — $1.4M (2025) · purchase · First Internet Bank of Indiana
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 49 days
- Approved
- 3/27/2025
- First disbursed
- 5/15/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 10
- Business age
- Change of Ownership
- Industry
- New Car Dealers
If you were the buyer here
- Est. deal size
- $1.6M
- Est. down payment (10%)
- $158K
- Est. cash at closing
- $216K
- Monthly payment
- $18,949
- Annual debt service
- $227K
- Cash flow needed (1.25×)
- $284K
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 Internet Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
- Vicksburg Chrysler Dodge Jeep Ram in Vicksburg, MI — $3.8M (2021) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 192 mo (16 yrs)
- SBA guaranteed
- $3.4M (90%)
- Approval → funding
- 24 days
- Approved
- 2/1/2021
- First disbursed
- 2/25/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 34
- Business age
- Change of Ownership
- Industry
- New Car Dealers
If you were the buyer here
- Est. deal size
- $4.2M
- Est. down payment (10%)
- $417K
- Est. cash at closing
- $576K
- Monthly payment
- $29,411
- Annual debt service
- $353K
- Cash flow needed (1.25×)
- $441K
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 Live Oak Banking Company · 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 new car dealers businesses with a Michigan project address.
Agent summary
How to finance a new car dealers 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. Newtek Bank, National Association funds the most here. DealRoom is not a lender.
- $2.2M typical loan
- 4 lenders active in Michigan
- 5+ funded Michigan deals
- 24 days typical to fund
Buyers buying a new car dealers 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.