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Hardware Retailers: SBA acquisition loans in Michigan
7 SBA-financed business acquisitions in Michigan classified as Hardware Retailers, FY2024–FY2026. Median loan $704K. See which lenders did them.
- Acquisitions financed
- 7
- Total approved
- $4.9M
- Median loan
- $704K
- Middle half of loans
- $333K to $1.1M
- Median starting rate
- 9.50%
- Median term
- 10 yrs
How to interpret this profile and build a shortlist →
Small sample. This local profile has 7 recorded approvals in FY2024–FY2026. For a broader comparison, open the Michigan state profile or the national industry profile.
Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | ChoiceOne Bank | 2 | 29% | $1.2M | $2.4M |
| 2 | Community Choice CU | 2 | 29% | $364K | $729K |
| 3 | Live Oak Banking Company | 1 | 14% | $1.1M | $1.1M |
| 4 | Oxford Bank | 1 | 14% | $616K | $616K |
| 5 | The Huntington National Bank | 1 | 14% | $50K | $50K |
For comparison, the same industry nationwide: 86 loans, median $945K, median starting rate 8.75%. See Hardware Retailers in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.