Lender intelligence
Financing a used car dealers acquisition in Michigan
The SBA 7(a) lenders funding the most used 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 used car dealers · Michigan
Ranked by funded used 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+ funded Used 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.
- Luxury Motors Auto Sales, Inc in Detroit, MI — $400K (2025) · purchase · Newtek Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 10.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $300K (75%)
- Approved
- 3/3/2025
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- Business age
- Change of Ownership
- Industry
- Used Car Dealers
If you were the buyer here
- Est. deal size
- $444K
- Est. down payment (10%)
- $44K
- Est. cash at closing
- $59K
- Monthly payment
- $5,397
- Annual debt service
- $65K
- Cash flow needed (1.25×)
- $81K
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
- C & E Enterprises of Marquette, Inc. in Marquette, MI — $768K (2020) · purchase · IncredibleBank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $576K (75%)
- Approval → funding
- 87 days
- Approved
- 9/4/2020
- First disbursed
- 11/30/2020
- 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
- 18
- Business age
- Change of Ownership
- Industry
- Used Car Dealers
If you were the buyer here
- Est. deal size
- $853K
- Est. down payment (10%)
- $85K
- Est. cash at closing
- $117K
- Monthly payment
- $4,602
- Annual debt service
- $55K
- Cash flow needed (1.25×)
- $69K
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 →
Your business? Claim this record · Request removal
Financing a used car dealers deal in Michigan? Start with the right lender
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to used car dealers businesses with a Michigan project address.
Agent summary
How to finance a used 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.
- $614K typical loan
- 2 lenders active in Michigan
- 2+ funded Michigan deals
- 87 days typical to fund
Buyers buying a used 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: