Home MarketsMichigan Local market
Supermarkets and Other Grocery Retailers (except Convenience Retailers): SBA acquisition loans in Michigan
12 SBA-financed business acquisitions in Michigan classified as Supermarkets and Other Grocery Retailers (except Convenience Retailers), FY2024–FY2026. Median loan $908K. See which lenders did them.
- Acquisitions financed
- 12
- Total approved
- $16.3M
- Median loan
- $908K
- Middle half of loans
- $332K to $1.6M
- Median starting rate
- 8.71%
- Median term
- 11 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 4 | 33% | $1.2M | $6.0M |
| 2 | United FCU | 3 | 25% | $825K | $2.6M |
| 3 | Fifth Third Bank | 1 | 8% | $5.0M | $5.0M |
| 4 | ChoiceOne Bank | 1 | 8% | $1.1M | $1.1M |
| 5 | Horizon Bank | 1 | 8% | $990K | $990K |
| 6 | 1st State Bank | 1 | 8% | $376K | $376K |
| 7 | PNC Bank, National Association | 1 | 8% | $180K | $180K |
For comparison, the same industry nationwide: 180 loans, median $855K, median starting rate 9.47%. See Supermarkets and Other Grocery Retailers (except Convenience 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.