The Complete Guide to SBA 7(a) Loans in Michigan: How to Finance Your Business Acquisition, Real Estate, Equipment, Working Capital, or Expansion in 2026

Last Updated: January 2026 | Reading Time: 18 minutes

If you're a Michigan business owner looking to acquire a competitor, purchase commercial real estate, finance equipment, or fuel your expansion, understanding SBA 7(a) loans could save you hundreds of thousands of dollars and unlock opportunities that conventional financing can't match.

This comprehensive guide covers everything Michigan business owners need to know about SBA 7(a) loans—from qualification requirements and interest rates to real-world success stories from Detroit to Grand Rapids.

Table of Contents

1. What Is an SBA 7(a) Loan?

2. Why Michigan Businesses Choose SBA 7(a) Loans

3. SBA 7(a) Loan Requirements in Michigan

4. How to Use SBA 7(a) Loans

5. Rates, Terms & Structure

6. SBA 7(a) vs. 504 vs. Conventional Loans

7. The Application Process

8. Common Mistakes to Avoid

9. Michigan Industry Focus

10. Success Stories

11. Frequently Asked Questions

What Is an SBA 7(a) Loan? Understanding Michigan's Most Versatile Business Financing Tool

The SBA 7(a) loan program is the U.S. Small Business Administration's flagship financing solution, designed specifically for established businesses that need growth capital but don't qualify for conventional bank loans—or simply want better terms than traditional lenders offer.

For Michigan business owners from Sterling Heights to Kalamazoo, SBA 7(a) loans have become the go-to financing vehicle for major business moves: buying out competitors, purchasing your building instead of paying rent, upgrading equipment, or securing the working capital needed to scale operations.

How SBA 7(a) Loans Work

Here's what makes them different from conventional business loans:

The SBA doesn't lend money directly. Instead, the Small Business Administration guarantees 75-85% of loans made by approved lenders. This government backing reduces lender risk, which translates to better terms for you:

✓ Larger loan amounts: Up to $5 million (vs. $500K-$1M typical for conventional loans)
✓ Longer repayment terms: Up to 25 years for real estate, 10 years for equipment and working capital
✓ Lower down payments: As low as 10% (vs. 20-30% conventional)
✓ More flexible underwriting: Businesses declined for conventional loans often get approved for SBA 7(a)
✓ Versatile use of funds: Working capital, acquisitions, real estate, equipment, refinancing—almost any business need

Current Michigan SBA 7(a) Market Snapshot (Q4 2025)

• Total loans funded: 388 SBA loans in Michigan totaling $204 million

• Average loan amount: $526,749

• Average interest rate: 9.6% (down from 10.5% in 2024)

• Top uses: Business acquisitions (42%), commercial real estate (28%), equipment/expansion (30%)

From Detroit automotive suppliers buying competitors to Grand Rapids restaurants acquiring prime downtown locations, Michigan businesses are leveraging SBA 7(a) loans to execute strategic moves that build long-term wealth.

Why Michigan Business Owners Choose SBA 7(a) Loans Over Conventional Financing

1. Maximum Flexibility: Use the Money for Almost Anything

Unlike the more restrictive SBA 504 program (real estate and equipment only) or conventional loans with their use limitations, SBA 7(a) loans can finance virtually any legitimate business purpose:

Business Acquisitions

• Buying an existing business or franchise

• Acquiring competitors in Metro Detroit, Ann Arbor, or statewide

• Purchasing supplier companies or distribution operations

• Buying out business partners

Commercial Real Estate

• Owner-occupied office buildings, warehouses, retail spaces

• Manufacturing facilities across Michigan's industrial corridor

• Mixed-use properties (you occupy 51%+)

• Land purchase + construction

Equipment & Machinery

• Manufacturing equipment for Michigan's industrial base

• Construction equipment (excavators, loaders, specialized vehicles)

• Medical equipment for healthcare practices

• Commercial kitchen equipment for restaurants

• Delivery fleets and transportation assets

Working Capital & Growth

• Hiring staff for expansion

• Inventory for seasonal businesses (especially critical in Michigan's climate)

• Marketing and sales expansion

• Entering new markets

• Bridging receivables gaps

Debt Refinancing

• Consolidating high-interest business debt

• Restructuring merchant cash advances (MCAs)

• Converting short-term debt to long-term, affordable payments

Industry-Specific Applications

• Liquor store acquisitions and inventory financing

• Gas station purchases and equipment upgrades

• Car wash acquisitions and facility improvements

• Restaurant and bar buildouts

• Franchise fees and initial inventory

2. Longer Terms = Lower Monthly Payments = Better Cash Flow

This is where SBA 7(a) loans shine for Michigan businesses:

Real Estate: SBA 7(a) offers up to 25 years vs. conventional 15-20 years with balloon payments Equipment: SBA 7(a) offers up to 10 years vs. conventional 3-7 years
Working Capital: SBA 7(a) offers up to 10 years vs. conventional 1-3 years Acquisitions: SBA 7(a) offers 10-25 years (depending on assets) vs. conventional 5-7 years

Real-World Impact:

A $1 million loan at 10% interest:

• 25-year term: $9,087/month

• 15-year term: $10,746/month

• Monthly savings: $1,659

• Annual cash flow improvement: $19,908

For a Sterling Heights manufacturer buying a competitor or a Troy restaurant group acquiring a second location, that extra $20K annually in cash flow can mean the difference between thriving and just surviving.

3. Lower Down Payments Preserve Operating Capital

SBA 7(a) Down Payments: Typically 10-15%
Conventional Down Payments: 20-30%
The Difference: Critical

Example: $2 million business acquisition

• SBA 7(a) down payment: $200,000-$300,000

• Conventional down payment: $400,000-$600,000

• Cash preserved: $100,000-$400,000

That preserved capital pays for:

• Post-acquisition working capital

• Inventory and supplies

• Staff retention bonuses

• Marketing and rebranding

• Equipment upgrades

• Unexpected expenses during transition

For Michigan business owners acquiring liquor stores in Macomb County, manufacturing companies in Wayne County, or medical practices in Grand Rapids, preserving cash isn't optional—it's essential for successful transitions.

4. Government Guarantee = Better Approval Odds

The SBA's 75-85% guarantee fundamentally changes the lending equation.

What this means in practice:

Banks that decline your conventional loan application often approve the exact same deal as an SBA 7(a) loan because the government absorbs most of the risk.

Common scenarios where 7(a) gets approved and conventional doesn't:

✓ Credit scores 650-720 (good but not "excellent")
✓ Businesses with 2-5 years of history (proven but not "seasoned")
✓ Industries banks consider risky (restaurants, construction, retail)
✓ Higher leverage ratios (more debt but strong cash flow)
✓ Limited collateral (cash flow is strong but assets are minimal)

This is why Detroit business owners declined by Chase or PNC often get approved through specialized SBA 7(a) lenders who understand how to structure and present these deals.

5. Competitive Rates That Beat Most Alternatives

Myth: Government-backed loans have higher interest rates.
Reality: SBA 7(a) rates are often lower than conventional alternatives.

Current Michigan market (2026):

• SBA 7(a) loans: Averaging 9.6%

• Conventional commercial loans: 10-14% for similar businesses

• Alternative financing (MCAs, short-term): 20-80% APR

Your actual rate depends on:

• Loan size (larger loans get better pricing)

• Credit strength (750+ scores get best rates)

• Business financials (stronger = lower rate)

• Collateral and down payment

• Which lender you work with (this is critical—rates vary 0.5-1.5% between lenders for identical deals)

SBA 7(a) Loan Requirements in Michigan: Do You Qualify?

Basic Eligibility Criteria

✓ For-profit business (nonprofits don't qualify)
✓ Operating in the United States
✓ Owner has invested equity in the business
✓ Small business by SBA standards (typically <500 employees; varies by industry)
✓ Exhausted other financing options (can't get reasonable conventional financing)

Credit Score Requirements

680-850 (Strong candidate): Standard approval process
650-679 (Good candidate): May need stronger cash flow or collateral
620-649 (Possible with compensating factors): Requires exceptional business strength
Below 620 (Very difficult): Typically not approved without major compensating factors

Compensating factors that help lower credit scores:

• Strong cash flow (1.5x+ debt service coverage)

• Significant collateral

• Larger down payment (20%+)

• Long time in business (5+ years)

• Excellent business credit

• Clean explanation for credit issues

Credit issues that CAN be overcome:

• Past late payments (if resolved and explained)

• Prior bankruptcies (if discharged 2+ years ago)

• Collections or judgments (if paid or in repayment)

• High credit utilization (if cash flow supports new debt)

Credit issues that are DIFFICULT to overcome:

• Recent bankruptcies (within 1-2 years)

• Current judgments or tax liens

• IRS tax liens

• Recent foreclosures

• Fraud or felony convictions related to financial matters

Business Requirements

Time in Business:

• Preferred: 2+ years in operation with tax returns

• Possible for newer businesses: Franchise acquisitions, business purchases, or startups with significant industry experience

Revenue Requirements:

• Typical minimum: $250,000+ annual revenue

• Varies by: Loan size and purpose

• For acquisitions: The business you're buying contributes its revenue to the equation

Profitability & Cash Flow:

Lenders want to see debt service coverage ratio (DSCR) of 1.25x or higher

This means: Your business cash flow should be at least 125% of all debt payments (existing + new SBA loan)

Example:

• Monthly cash flow available for debt: $15,000

• Existing debt payments: $3,000/month

• New SBA 7(a) payment would be: $8,000/month

• Total debt payments: $11,000/month

• DSCR: $15,000 ÷ $11,000 = 1.36x ✓ (Approved)

Industry Considerations

Most industries qualify, but some face restrictions:

Excluded Industries:

• Lending/investment businesses

• Speculative real estate

• Gambling operations

• Multi-level marketing

Restricted (but possible with proper structure):

• Startups without established cash flow

• Passive income businesses (some rental properties)

• Businesses with owners who have other failed businesses

Preferred Industries in Michigan:

• Manufacturing and industrial operations

• Healthcare and medical practices

• Restaurants and hospitality

• Retail and specialty stores (including liquor stores, gas stations, convenience stores)

• Construction and trade contractors

• Professional services

• Automotive services and car washes

• Distribution and logistics

Collateral Requirements

SBA 7(a) loans are secured loans—lenders take collateral to protect their investment.

Primary Collateral:

• Assets purchased with loan proceeds (real estate, equipment, inventory)

• Existing business assets (machinery, vehicles, receivables)

• Personal real estate (if business collateral is insufficient)

Critical SBA Policy: "Lack of collateral will not be the sole reason for declining an SBA loan if the borrower can demonstrate repayment ability."

In practice: Lenders prefer 80-100% collateral coverage, but they'll approve loans with less if cash flow is strong.

Personal Guarantee

All owners with 20%+ ownership must personally guarantee the loan.

This means: If the business defaults, you are personally liable.

This is standard for SBA loans and most conventional business loans.

For business acquisitions: Sellers sometimes provide a limited guarantee or seller note, which strengthens the deal structure.

How Michigan Businesses Use SBA 7(a) Loans: Strategic Applications

1. Business Acquisitions: The #1 Use Case

Buying an existing business is the most common and most strategic use of SBA 7(a) loans in Michigan.

What you can finance:

• Purchase price (up to 90% of business value)

• Working capital for post-acquisition operations

• Inventory and receivables

• Equipment and furniture included in sale

• Real estate (if part of the acquisition)

Why SBA 7(a) beats conventional acquisition financing:

Down payment: SBA 7(a) requires 10-15% vs. conventional 30-50%
Term length: SBA 7(a) offers 10-25 years vs. conventional 5-7 years
Working capital: SBA 7(a) includes working capital; conventional typically doesn't
Seller financing: SBA 7(a) allows seller financing; conventional has limited options

Michigan Business Acquisition Examples:

Metro Detroit Manufacturing: Precision machining company acquires competitor for $2.5M

• Purchase price: $2,500,000

• SBA 7(a) loan: $2,250,000 (90%)

• Buyer down payment: $250,000 (10%)

• Term: 10 years at 9.8%

• Monthly payment: $28,924

• Result: Doubled capacity, added $4M annual revenue

Oakland County Liquor Store: Buyer acquires established party store

• Purchase price: $875,000

• SBA 7(a) loan: $787,500 (90%)

• Buyer down payment: $87,500 (10%)

• Term: 10 years at 10.1%

• Monthly payment: $10,400

• Result: Maintained customer base, improved margins 18%, business now worth $1.3M

Grand Rapids Medical Practice: Physician buys retiring doctor's practice

• Purchase price: $1,200,000

• SBA 7(a) loan: $1,080,000 (90%)

• Buyer down payment: $120,000 (10%)

• Term: 15 years (real estate included) at 9.9%

• Monthly payment: $11,300

• Result: Acquired patient base generating $850K annual revenue, owns building

2. Commercial Real Estate: Build Wealth Instead of Paying Rent

Owner-occupied commercial real estate is one of the most wealth-building uses of SBA 7(a) loans.

What qualifies:

• Office buildings, retail spaces, warehouses, manufacturing facilities

• Mixed-use properties (you occupy 51%+ of space)

• Land purchase + construction

• Purchase + renovation

Requirements:

• Must be owner-occupied (you use 51%+ for your business)

• Must be your primary operating location

• Cannot be investment property or passive rental

Why SBA 7(a) beats conventional commercial mortgages:

✓ 10-15% down vs. 25-35% conventional
✓ 25-year full amortization vs. 15-20 years with balloon
✓ Can include working capital and equipment in same loan
✓ Fixed or variable rate options

Michigan Examples:

• Sterling Heights warehouse: Manufacturing company purchases 25,000 sq ft facility, $1.8M loan, reduces occupancy costs 30%

• Ann Arbor medical office: Practice buys 8,000 sq ft building, $1.2M loan, stops paying $8,000/month rent, builds equity

• Detroit restaurant: Chef-owner acquires downtown property, $950K loan, locks in prime location in appreciating market

3. Equipment Financing: Longer Terms, Lower Payments

Michigan's manufacturing, construction, and industrial businesses use SBA 7(a) loans for major equipment purchases.

What you can finance:

• Manufacturing machinery and production equipment

• Construction equipment (excavators, loaders, trucks, specialized vehicles)

• Medical equipment (MRI machines, surgical equipment, dental chairs)

• Restaurant equipment (commercial kitchens, ovens, refrigeration)

• Car wash equipment and systems

• Technology and software systems

• Delivery and transportation fleets

SBA 7(a) equipment advantages:

• Up to 10 years (vs. 3-5 years conventional)

• Lower monthly payments preserve cash flow

• Can finance multiple equipment purchases in one loan

• Can include installation, training, and related costs

Example: Lansing Construction Company

• Equipment cost: $750,000 (excavators, loaders, dump trucks)

• SBA 7(a) loan: $675,000 (90%)

• Down payment: $75,000 (10%)

• Term: 10 years at 10.2%

• Monthly payment: $8,923

• Result: Expanded capacity, secured $2.1M in new contracts, increased revenue 45%

4. Working Capital & Business Expansion

Growing Michigan businesses need working capital to:

• Hire additional staff

• Purchase inventory (especially for seasonal Michigan businesses)

• Expand marketing and sales

• Enter new markets or product lines

• Fund receivables (bridge payment gaps)

SBA 7(a) working capital advantages:

• Up to $5 million in capital

• 10-year terms (vs. 1-3 years conventional working capital)

• Lower monthly payments

• One-time infusion (not revolving debt)

Example: Grand Rapids Distribution Company

• Working capital: $500,000

• Use: Hire 8 new employees, increase inventory, expand territory

• Term: 10 years at 9.9%

• Monthly payment: $6,594

• Result: Revenue grew from $2.8M to $4.2M in 18 months

5. Debt Refinancing: Improve Cash Flow

Refinancing existing business debt with an SBA 7(a) loan can dramatically reduce monthly payments and interest expense.

What you can refinance:

• Existing business loans with high interest rates

• Multiple debts consolidated into one payment

• Short-term debt restructured to long-term

• Merchant cash advances (MCAs)

• Business credit cards and lines of credit

Requirements:

• Existing debt must be business-related (not personal)

• Must demonstrate clear benefit (lower rate, lower payment, or both)

• Must be current on existing debt

Example: Detroit Restaurant Group

• Before refinancing:

  • $250K term loan at 14% interest

  • $100K merchant cash advance at 42% APR

  • $50K business credit cards at 18%

  • Total monthly payments: $11,200

• After SBA 7(a) refinancing:

  • New loan: $400K at 10%, 10 years

  • New monthly payment: $5,279

  • Monthly savings: $5,921

  • Annual cash flow improvement: $71,052

6. Franchise Purchases: Fast-Track to Business Ownership

Buying a franchise is one of the easiest ways to qualify for an SBA 7(a) loan because franchises have:

• Proven business models

• Established brand recognition

• Predictable performance data

• Built-in support systems

What SBA 7(a) loans finance for franchises:

• Franchise fee

• Initial inventory and equipment

• Leasehold improvements and buildout

• Working capital for first 6-12 months

• Real estate (if purchasing the property)

Requirements:

• Franchise must be on SBA's approved franchise directory (most major franchises are)

• Franchisee must meet franchisor's qualifications

• Relevant industry experience helpful but not always required

Popular Michigan franchises financed through SBA 7(a):

• Fast food and quick service restaurants (Jimmy John's, Subway, Taco Bell)

• Full-service restaurants

• Automotive services (Jiffy Lube, Midas, Meineke, car washes)

• Fitness centers (Planet Fitness, Anytime Fitness)

• Senior care and home healthcare

• Commercial cleaning and janitorial

SBA 7(a) Loan Rates, Terms & Structure: What to Expect

Loan Amounts: $150,000 to $5,000,000

Minimum: While the SBA doesn't set a minimum, most lenders require $150,000+ for 7(a) loans due to processing costs and complexity.

Maximum: $5,000,000 (SBA's maximum guarantee amount)

Sweet spot: Most Michigan lenders are most competitive in the $250,000 to $2,000,000 range.

Need more than $5M? Consider:

• USDA B&I loans (rural Michigan businesses, up to $25M)

• Conventional commercial loans

• Combining multiple financing sources

Interest Rates: Currently 9-11% for Most Michigan Businesses

SBA 7(a) rates are based on: Prime Rate + Lender Spread

Current Michigan market (2026):

• Prime rate: 7.5%

• Average SBA 7(a) rate: 9.6%

• Typical range: 9.0% to 11.5%

SBA maximum allowed spreads:

• Loans under $25K: Prime + up to 4.75%

• Loans $25K-$50K: Prime + up to 4.5%

• Loans $50K+: Prime + up to 2.75%

What determines your specific rate:

Credit score (750+ vs. 650): Can impact rate by 0.5-1.0%
Business strength: Can impact rate by 0.25-0.75%
Collateral/down payment: Can impact rate by 0.25-0.5%
Time in business: Can impact rate by 0.25-0.5%
Industry: Can impact rate by 0.25-0.5%
Which lender: Can impact rate by 0.5-1.5% (this is huge)

Fixed vs. Variable Rates:

• Variable rates: Tied to prime, adjust quarterly (most common for SBA 7(a))

• Fixed rates: Locked for life of loan (typically 0.25-0.5% higher than variable)

Example rate scenarios:

• Strong borrower (750+ credit, 5+ years, strong cash flow): Prime + 2.5% = 10.0%

• Good borrower (680 credit, 3 years, adequate cash flow): Prime + 3.25% = 10.75%

• Acceptable borrower (650 credit, 2 years, minimal cushion): Prime + 4.0% = 11.5%

Repayment Terms

Commercial Real Estate: Up to 25 years
Equipment: Up to 10 years (or useful life of equipment, whichever is less)
Working Capital: Up to 10 years
Business Acquisitions: 10 years (or 25 years if real estate is included)

All SBA 7(a) loans are fully amortizing—no balloon payments.

You know your exact monthly payment for the life of the loan (fixed rate) or can predict it based on prime rate (variable rate).

Down Payment Requirements

Typical: 10-15% of total project cost

Factors affecting down payment:

Strong borrower: 10% down
Average borrower: 10-15% down
Weaker borrower: 15-20% down
Business acquisition: 10% down (seller financing can supplement)
Real estate purchase: 10-15% down

Example: $1,000,000 business acquisition

• Purchase price: $1,000,000

• SBA 7(a) loan: $900,000 (90%)

• Buyer down payment: $100,000 (10%)

Fees & Closing Costs

SBA Guarantee Fee (paid to SBA):

• Loans ≤$150K: 0% to 2%

• Loans $150,001 to $700,000: 3%

• Loans >$700,000: 3.5% (portion up to $1M), 3.75% (portion over $1M)

Lender Fees:

• Packaging fee

• Underwriting fee

• Closing costs

• Typical total: $2,500 to $7,500 depending on loan size

Important: Fees are typically rolled into the loan amount (you don't pay out of pocket)

Example for $500,000 loan:

• SBA guarantee fee: $15,000 (3%)

• Lender closing costs: $5,000

• Total fees: $20,000

• Amount financed: $520,000

Personal Guarantee & Collateral

Personal Guarantee:

• Required from all owners with 20%+ ownership

• Makes owners personally liable if business defaults

• Standard for SBA loans and most conventional business loans

Collateral:

• First lien on assets purchased with loan proceeds (real estate, equipment, inventory)

• May require additional collateral (existing business assets, personal real estate)

• SBA policy: Loans will not be declined solely for lack of collateral if repayment ability is demonstrated

SBA 7(a) vs. SBA 504 vs. Conventional Loans: Which Is Right for Your Michigan Business?

When to Choose SBA 7(a)

Choose SBA 7(a) if:

• ✓ You're acquiring a business (504 doesn't allow acquisitions)

• ✓ You need working capital along with real estate or equipment

• ✓ You want faster closing (7(a) closes quicker than 504)

• ✓ You prefer dealing with one lender vs. multiple parties (504 involves CDC + lender)

• ✓ Your project is under $1 million (7(a) is simpler for smaller deals)

When to Choose SBA 504

Choose SBA 504 if:

• ✓ You're ONLY buying real estate or equipment (no working capital needed)

• ✓ You want a fixed rate for 25 years (eliminates rate risk)

• ✓ Your project is $1 million+ (504 structure saves money on larger real estate deals)

• ✓ You're in manufacturing (504 offers advantages for manufacturing businesses)

Note: Many Michigan businesses start with 7(a) for acquisitions or mixed-use financing, then use 504 later for real estate-only projects.

SBA 7(a) vs. Conventional Bank Loans

Conventional loans are faster and simpler—IF you qualify.

Most Michigan businesses don't qualify for conventional financing at favorable terms, which is why SBA 7(a) loans exist.

SBA 7(a) Advantages:

• Down payment: 10-15% vs. conventional 20-30%

• Term length: 10-25 years vs. conventional 5-15 years, often with balloon payments

• Loan amount: Up to $5M vs. conventional varying, typically $500K-$2M max

• Approval criteria: More flexible vs. conventional more stringent

• Credit score: 650+ possible vs. conventional 720+ typically required

• Time to close: 45-60 days vs. conventional 30-45 days

• Use restrictions: Very flexible vs. conventional more restrictive

• Prepayment penalty: Minimal/none vs. conventional often significant

When conventional makes sense:

• Exceptional credit (750+)

• 10+ years in business

• Strong collateral

• Lower leverage needs

• Need to close in 30 days or less

The SBA 7(a) Loan Process: From Application to Funding

Average timeline: 45-60 days for most Michigan businesses

Step 1: Initial Consultation & Qualification (Days 1-3)

What happens:

• Discuss your business, financing needs, and strategic goals

• Review preliminary qualification criteria (credit, revenue, time in business)

• Determine optimal loan amount and structure

• Explain timeline and expectations

What you need:

• Basic business information (revenue, years in operation, ownership structure)

• Personal credit score awareness

• Clear understanding of financing need and amount

Outcome: You'll know whether SBA 7(a) financing makes sense and what your approval odds are.

Step 2: Document Gathering & File Packaging (Days 4-14)

What happens:

• Receive document checklist

• Gather required documentation

• Expert review and organization

• Comprehensive loan package preparation

Required documents:

Personal:

• Personal tax returns (2 years)

• Personal financial statement

• Credit authorization form

• Resume/business experience summary

Business:

• Business tax returns (2 years)

• Year-to-date financial statements (P&L, balance sheet)

• Business plan or executive summary

• Articles of incorporation/operating agreement

• Business licenses

Project-specific:

• Purchase agreement (if buying a business)

• Lease agreement (if leasing equipment or space)

• Property details and purchase contract (if buying real estate)

• Equipment quotes and specifications

Why professional packaging matters:

A well-packaged loan file:

• Highlights business strengths

• Proactively addresses potential concerns

• Presents information in lender-preferred format

• Significantly increases approval odds

This is the difference between approval and decline for borderline deals.

Step 3: Pre-Underwriting & Lender Selection (Days 15-21)

What happens:

• Internal pre-underwriting to identify potential issues

• Determination of best-fit lenders from network

• Outreach to 2-4 lenders to gauge interest and pricing

• Selection of optimal lender(s)

Why this matters:

Different SBA 7(a) lenders have different:

• Credit appetites: Some require 680+, others accept 650+

• Industry preferences: Some love restaurants, others avoid them

• Loan size sweet spots: Some prefer $500K-$2M, others $250K-$1M

• Rate pricing: Can vary by 0.5-1.5% for identical deals

Strategic lender matching significantly improves:

• Approval odds

• Interest rate

• Terms and structure

• Speed to closing

Step 4: Lender Submission & Underwriting (Days 22-35)

What happens:

• Submit complete package to selected lender(s)

• Lender conducts full underwriting review

• Additional documentation requests (if needed)

• Management of all communication and follow-up

Common underwriting requests:

• Updated financial statements

• Explanation of specific credit issues

• Additional business operational details

• Third-party reports (appraisal, environmental assessment, business valuation)

Timeline: Most lenders complete underwriting in 10-15 days for SBA 7(a) loans.

Step 5: SBA Approval & Closing Preparation (Days 36-50)

What happens:

• Lender submits approved loan to SBA for guarantee

• SBA reviews and issues guarantee (typically 5-7 days for preferred lenders)

• Lender issues commitment letter

• Closing documents prepared

• Third-party reports ordered and completed (appraisal, environmental, title work)

You'll receive:

• Loan commitment letter outlining final approved terms

• Closing checklist

• Clear timeline to funding

Step 6: Closing & Funding (Days 51-60)

What happens:

• Final documents signed

• All closing conditions satisfied

• Lender wires funds to appropriate parties

• Transaction closes

Total typical timeline: 45-60 days

Complex transactions may take 60-90 days:

• Multiple properties

• Business acquisitions with complicated structures

• Environmental issues requiring remediation

• Legal complications

Compare to going direct:

• Average time: 75-120 days

• Businesses often contact 10-20 lenders before finding approval

• Many give up after multiple declines

Professional facilitation is faster because:

• Files packaged correctly the first time

• Pre-underwriting catches issues early

• Right lenders approached (no wasted submissions)

• Expert management of entire process

7 Common Mistakes Michigan Business Owners Make with SBA 7(a) Loans

Mistake #1: Approaching the Wrong Lenders

The Problem: Business owners call household-name banks (Chase, Wells Fargo) because they're familiar. These mega-banks cherry-pick only perfect deals and decline 80%+ of SBA applications.

The Solution: Different lenders have different:

• Credit risk appetites

• Industry preferences

• Loan size sweet spots

• Geographic focus areas

• Portfolio availability

Approaching 3-5 strategically selected lenders dramatically improves approval odds and pricing.

Mistake #2: Poor Documentation & File Presentation

The Problem: Incomplete applications or disorganized documentation signals unprofessionalism and increases decline risk.

The Solution: Professional loan packaging presents your business in the best possible light:

• Organized, complete documentation

• Narrative that tells your business story

• Proactive addressing of potential concerns

• Lender-friendly format and presentation

For borderline deals, this is often the difference between approval and decline.

Mistake #3: Applying for the Wrong Amount

The Problem:

• Too much: Exceeds what cash flow can support → decline

• Too little: Insufficient to accomplish goals → business struggles post-funding

The Solution: Detailed cash flow analysis determines:

• Maximum loan amount business can support (DSCR calculation)

• Minimum amount needed to achieve objectives

• Optimal structure (loan amount, term, down payment)

Mistake #4: Not Addressing Credit Issues Upfront

The Problem: Hoping lenders won't notice credit problems or not explaining them adequately.

The Solution: Proactive transparency with written explanations:

• What happened (context for credit issue)

• Why it happened (circumstances)

• How it's been resolved

• Why it won't happen again

Lenders appreciate honesty and context. Many credit issues can be overcome with proper explanation.

Mistake #5: Unrealistic Timeline Expectations

The Problem: Expecting SBA 7(a) loans to close in 2-3 weeks.

The Reality: Plan for 45-60 days (SBA Express up to $500K can close in 30-35 days)

Why it takes time:

• Comprehensive underwriting

• SBA guarantee approval

• Third-party reports (appraisals, environmental assessments)

• Legal documentation

Solution: Start the process early. If you find a business to buy or real estate to purchase, begin loan process immediately.

Mistake #6: Not Shopping Lenders & Rates

The Problem: Accepting the first rate offered without comparison.

The Reality: Rates for identical deals can vary 0.5-1.5% between lenders.

On a $1M loan over 10 years:

• 10.0% vs. 11.0% rate difference

• Costs an extra $62,040 over life of loan

Solution: Professional facilitation automatically shops deals to multiple lenders, ensuring optimal pricing.

Mistake #7: Giving Up After One Decline

The Problem: Getting declined by one bank and assuming you don't qualify for SBA 7(a) loans.

The Reality: A decline from Chase or Wells Fargo doesn't mean you can't get approved—it often just means:

• Wrong lender for your situation

• Application wasn't packaged properly

• Lender was at portfolio capacity

• Lender-specific policy restrictions

Solution: Different lenders have different criteria. Strategic lender selection dramatically improves approval odds.

Michigan Industries We Serve: SBA 7(a) Loan Expertise Across Sectors

LVRG Business Funding has facilitated SBA 7(a) loans for Michigan businesses across virtually every industry. Here are sectors where we have deep expertise:

Manufacturing & Industrial

Michigan's manufacturing sector—automotive suppliers to advanced manufacturing, food processing to metal fabrication—regularly uses SBA 7(a) loans for:

✓ Business acquisitions (buying competitors or suppliers)
✓ Equipment purchases (CNC machines, production lines, robotics, specialized tooling)
✓ Facility expansion and real estate purchases
✓ Working capital for growth and large contracts

Recent example: Sterling Heights metal fabrication company acquired competitor for $1.8M (SBA 7(a) loan), doubled production capacity and revenue, achieved 18-month ROI.

Restaurants, Bars & Food Service

From full-service restaurants to quick-service concepts, breweries to catering operations, Michigan's food service industry relies on SBA 7(a) for:

✓ Restaurant acquisitions (buying existing profitable operations)
✓ Build-outs and renovations
✓ Equipment and commercial kitchen upgrades
✓ Multi-unit expansions

Michigan is one of the top states for restaurant SBA loans. We understand this industry's unique challenges and opportunities.

Recent example: Ann Arbor restaurant group acquired downtown location for $725K (SBA 7(a) loan), profitable within 8 months, business now valued at $1.1M.

Liquor Stores, Gas Stations & Convenience Stores

Metro Detroit's robust retail fuel and beverage market creates exceptional acquisition opportunities. SBA 7(a) loans finance:

✓ Liquor store and party store acquisitions
✓ Gas station and convenience store purchases
✓ Inventory and working capital
✓ Equipment upgrades and facility improvements
✓ Real estate purchases

Recent example: Macomb County party store acquisition for $875K (SBA 7(a) loan), maintained customer base, improved margins through better inventory management, business valued at $1.3M within 2 years.

Automotive Services & Car Washes

Michigan's automotive culture drives demand for service businesses:

✓ Auto repair shop acquisitions
✓ Car wash purchases and equipment upgrades
✓ Quick lube and oil change locations
✓ Specialty automotive services (detailing, body shops, tire centers)

Recent example: Troy car wash acquisition for $1.2M (SBA 7(a) loan), upgraded equipment, increased monthly revenue 35% through membership programs.

Healthcare & Medical Practices

Physicians, dentists, chiropractors, veterinarians, and other healthcare providers throughout Michigan use SBA 7(a) loans for:

✓ Practice acquisitions (buying out retiring practitioners)
✓ Real estate purchases (medical office buildings)
✓ Equipment financing (MRI machines, digital x-ray, surgical equipment, dental chairs)
✓ Practice expansions and multi-location growth

Recent example: Grand Rapids dental practice acquired retiring dentist's patient base and equipment for $950K (SBA 7(a) loan), added $800K annual revenue, owner now building second location.

Construction & Skilled Trades

General contractors, specialty contractors, HVAC companies, plumbing, electrical, and landscaping businesses use SBA 7(a) for:

✓ Equipment purchases (excavators, trucks, specialized tools, vehicles)
✓ Business acquisitions (buying competitors or established client lists)
✓ Working capital for large projects
✓ Real estate (yards, warehouses, shop spaces)

Recent example: Metro Detroit HVAC contractor financed $425K in equipment and trucks (SBA 7(a) loan), increased capacity 40%, secured $2.1M in new commercial contracts.

Transportation & Logistics

Trucking companies, freight brokers, logistics operations, and specialized transportation services use SBA 7(a) for:

✓ Truck and trailer fleet purchases
✓ Terminal and warehouse acquisitions
✓ Business acquisitions (routes, contracts, client relationships)
✓ Working capital and expansion into new territories

Recent example: Lansing trucking company financed $1.2M for equipment and working capital (SBA 7(a) loan), grew fleet from 12 to 20 trucks, revenue increased 65%.

Professional Services

Law firms, accounting practices, engineering firms, marketing agencies, and consulting businesses use SBA 7(a) for:

✓ Practice acquisitions (buying out partners or acquiring firms)
✓ Office space purchases (build equity instead of paying rent)
✓ Working capital for expansion and growth
✓ Technology infrastructure and equipment upgrades

Recent example: Detroit law firm acquired specialty practice for $875K (SBA 7(a) loan), added new practice area, increased annual revenue by $1.2M.

Retail & Specialty Stores

Brick-and-mortar retail, online businesses, franchises, and specialty shops use SBA 7(a) for:

✓ Business acquisitions (buying profitable retail operations)
✓ Real estate purchases (own your retail location)
✓ Inventory financing and seasonal purchasing
✓ Multi-location expansion

Recent example: Grand Rapids specialty retailer purchased building for $650K (SBA 7(a) loan), stopped paying $5,800/month rent, building appreciated $180K in 3 years.

Real Michigan SBA 7(a) Success Stories

Manufacturing Consolidation – Sterling Heights

The Business: 15-year-old precision machining company, $3.2M annual revenue, serving automotive and aerospace clients

The Challenge: Competitor with complementary manufacturing capabilities came up for sale. Owner needed to move quickly but didn't have $2M+ in liquid cash. Conventional lenders wanted 30% down ($700K+).

The LVRG Solution: SBA 7(a) acquisition loan

• Purchase price: $2,350,000

• SBA 7(a) loan: $2,115,000 (90% financing)

• Buyer equity: $235,000 (10%)

• Term: 10 years

• Interest rate: 9.8%

• Monthly payment: $27,200

The Outcome:

• Combined operations under one roof

• Eliminated duplicate overhead

• Cross-selling increased total revenue to $6.1M

• Achieved manufacturing efficiencies reducing per-unit costs 22%

• Expanded customer base by 40%

• Owner paid off loan in 7 years (3 years early)

• Business now valued at $4.8M (104% increase from purchase price)

Owner's perspective: "The SBA 7(a) loan made this possible. We couldn't have tied up $700K in down payment and still had working capital to run both operations. The longer term kept payments manageable while we integrated the businesses."

Restaurant Acquisition – Grand Rapids

The Business: Experienced restaurant manager with 12 years industry experience, ready for ownership

The Challenge: Well-established restaurant for sale in prime downtown Grand Rapids location. $750K purchase price included equipment, inventory, lease assignment, and goodwill. Banks wanted 30% down ($225K) which buyer didn't have. Alternative lenders quoted 18%+ interest rates.

The LVRG Solution: SBA 7(a) acquisition loan

• Purchase price: $750,000

• SBA 7(a) loan: $675,000 (90% financing)

• Buyer equity: $75,000 (10%)

• Term: 10 years

• Interest rate: 10.1%

• Monthly payment: $8,920

The Outcome:

• Buyer acquired profitable operation with established customer base

• Maintained staff continuity (critical for service quality)

• Implemented operational improvements within first 90 days

• Revenue increased 25% in first year through:

  • Extended hours

  • Enhanced menu offerings

  • Improved marketing

• Business now generates $1.1M annual revenue

• Current business valuation: $1.2M (60% increase in equity in 2 years)

Owner's perspective: "I had the experience and industry knowledge, but not the cash for a 30% down payment. The SBA 7(a) loan let me become an owner with just $75K down. Now I'm building real wealth instead of making someone else rich."

Medical Practice Acquisition – Ann Arbor

The Business: Physician acquiring retiring doctor's established practice

The Challenge: $1.2M purchase price included:

• Patient records and established patient base

• Medical equipment and furniture

• Real estate (medical office building)

• Staff and systems

Buyer needed comprehensive financing that conventional lenders couldn't structure.

The LVRG Solution: SBA 7(a) acquisition loan with real estate component

• Purchase price: $1,200,000

• SBA 7(a) loan: $1,080,000 (90% financing)

• Buyer equity: $120,000 (10%)

• Term: 15 years (weighted average for real estate + equipment)

• Interest rate: 9.9%

• Monthly payment: $11,300

The Outcome:

• Acquired established patient base generating $850K annual revenue immediately

• Maintained all existing staff (continuity of care)

• Owns real estate building equity ($3,500/month mortgage vs. $4,800 previous rent)

• Practice generates $950K annual revenue (12% growth in 18 months)

• Real estate has appreciated $140K

• Practice now valued at $1.8M (50% increase)

• Owner planning second location expansion

Owner's perspective: "Buying an established practice instead of starting from scratch saved me 3-5 years of building a patient base. The SBA 7(a) loan made it financially viable—the monthly payment is actually less than what I would have paid in rent plus equipment leases."

Equipment Financing – Metro Detroit Construction

The Business: Growing excavation contractor, $2.5M annual revenue, established reputation in commercial construction

The Challenge: Secured contracts for $3.2M in commercial projects requiring heavy equipment buyer didn't own. Equipment needed: excavators, loaders, dump trucks. Total cost: $600K. Conventional equipment financing offered 4-year terms with payments of $14,000+/month.

The LVRG Solution: SBA 7(a) equipment financing

• Equipment cost: $600,000

• SBA 7(a) loan: $540,000 (90% financing)

• Buyer equity: $60,000 (10%)

• Term: 10 years

• Interest rate: 10.3%

• Monthly payment: $7,140

The Outcome:

• Purchased equipment needed for secured contracts

• 10-year term vs. 4-year conventional = $6,860/month cash flow savings

• Completed $3.2M in contracts in first year

• Revenue increased to $4.1M (64% growth)

• Equipment paid for itself in under 2 years

• Secured additional $2.8M in contracts for following year

• Added 8 employees

Owner's perspective: "The difference between a $14,000 payment and a $7,000 payment was the difference between taking these contracts and passing them up. The longer SBA 7(a) term made the equipment affordable while we were scaling up."

Liquor Store Acquisition – Macomb County

The Business: Buyer acquiring established party store in high-traffic Macomb County location

The Challenge: $875K purchase price for profitable party store generating $180K annual net income. Included inventory, equipment, lease, and goodwill. Buyer had retail experience but limited capital.

The LVRG Solution: SBA 7(a) acquisition loan

• Purchase price: $875,000

• SBA 7(a) loan: $787,500 (90% financing)

• Buyer equity: $87,500 (10%)

• Term: 10 years

• Interest rate: 10.1%

• Monthly payment: $10,400

The Outcome:

• Acquired profitable store with established customer base

• Maintained existing staff and operations

• Implemented inventory management improvements

• Improved margins 18% through better supplier relationships

• Revenue increased from $1.8M to $2.1M

• Business now generates $210K annual net income

• Business valued at $1.3M (49% increase in 24 months)

• Owner refinanced to conventional loan at lower rate after 2 years

Owner's perspective: "I was paying $87,500 to acquire a business that generates $180K+ profit annually. The math was obvious. The SBA 7(a) loan made it possible with only 10% down, and the business generates more than enough cash flow to cover the payment."

Frequently Asked Questions: SBA 7(a) Loans in Michigan

Can I use an SBA 7(a) loan to start a business in Michigan?

Yes, but it's more difficult than financing an existing business.

Startups can qualify for SBA 7(a) loans if:

• ✓ You're buying an SBA-approved franchise (significantly easier path)

• ✓ You have significant industry experience (typically 5+ years in the field)

• ✓ You have a comprehensive business plan with realistic financial projections

• ✓ You're contributing substantial equity (typically 20-30%)

• ✓ You have strong personal credit (typically 700+)

Most SBA 7(a) lenders strongly prefer businesses with:

• 2+ years of tax returns

• Proven revenue and cash flow

• Established customer base

• Track record of profitability

Startup financing is possible, but the bar is higher.

What if I was already declined by a bank for an SBA 7(a) loan?

A decline from one bank doesn't mean you don't qualify.

It often just means:

• ✗ Wrong lender for your specific situation (industry, credit profile, loan size)

• ✗ Application wasn't packaged properly

• ✗ Lender was at portfolio capacity

• ✗ Specific lender policy restrictions

• ✗ Timing issues (lender's fiscal year-end, portfolio concentration limits)

Different lenders have different:

• Credit risk appetites

• Industry preferences

• Loan size sweet spots

• Portfolio availability

• Underwriting philosophies

We've funded hundreds of Michigan businesses declined elsewhere by strategically matching them with the right lenders and properly packaging their applications.

How long does it take to get approved for an SBA 7(a) loan in Michigan?

Typical timeline: 45-60 days from complete application to funding

Breakdown:

• Application and document gathering: 7-14 days

• Pre-underwriting and lender selection: 7-10 days

• Lender underwriting: 10-15 days

• SBA approval: 5-7 days

• Closing and funding: 7-10 days

Complex transactions may take 60-90 days:

• Multiple properties

• Business acquisitions with complicated structures

• Environmental issues

• Legal complications

SBA Express loans (up to $500K) can close in 30-40 days.

Compare to going direct to banks:

• Most business owners spend 75-120 days

• Contact 10-20 lenders before finding approval

• Many give up after multiple declines

Can I get an SBA 7(a) loan with a 650 credit score?

Yes, but it requires strong compensating factors.

Most SBA 7(a) lenders prefer 680+ credit scores, but 650+ is possible with:

✓ Strong cash flow: DSCR of 1.5x or higher
✓ Significant collateral: 100%+ coverage
✓ Larger down payment: 15-20% instead of 10%
✓ Long time in business: 5+ years of profitable operations
✓ Strong business credit: Clean payment history to suppliers/vendors
✓ Clean explanation: For any credit issues

Credit score ranges:

• 680-850: Strong candidate, standard approval process

• 650-679: Good candidate, may need stronger compensating factors

• 620-649: Possible with exceptional business strength

• Below 620: Very difficult without major compensating factors

What's the maximum SBA 7(a) loan amount I can get in Michigan?

Maximum SBA 7(a) loan: $5,000,000

However, your actual maximum depends on:

Business cash flow: Debt service coverage ratio (DSCR) typically needs to be 1.25x or higher

Example:

• Monthly cash flow available for debt: $30,000

• Existing monthly debt payments: $8,000

• Cash available for new loan: $22,000

• At 10% over 10 years: This supports approximately $1.67M loan

• DSCR check: $30,000 ÷ $30,000 = 1.0x ✗ (too tight)

• Need DSCR of 1.25x: Loan should be approximately $1.3M

Collateral available: Lenders prefer 80-100% collateral coverage

Down payment: Larger loans may require larger equity contributions (15-20%)

Business strength: Revenue, profitability, time in business all factor in

Most Michigan businesses we work with: $250,000 to $2,000,000 range

Need more than $5M?

• USDA B&I loans (rural Michigan, up to $25M)

• Conventional commercial loans

• Multiple financing sources combined

Can I refinance my existing SBA 7(a) loan with a new SBA 7(a) loan?

Generally no—you cannot refinance one SBA loan with another SBA loan.

SBA policy restricts refinancing existing government-guaranteed debt with more government-guaranteed debt.

Exceptions:

• ✓ Refinancing SBA disaster loans to regular SBA loans (allowed)

• ✓ Refinancing non-SBA debt with SBA loans (perfectly fine—this is a primary use)

• ✓ Refinancing SBA debt with conventional loans (if you qualify)

If you need to restructure existing SBA debt:

• Talk to your current lender about loan modifications

• Explore workout options with your lender

• Consider bringing in equity investors

• Look into conventional refinancing if your business has strengthened

Do I need an appraisal for an SBA 7(a) loan?

It depends on what you're financing:

Real estate purchases: Yes, full appraisal by licensed appraiser required

• Commercial appraisal of property

• Typically costs $2,500-$7,500 depending on property size/complexity

• Ordered after loan approval, before closing

Business acquisitions: Often yes, business valuation required

• For acquisitions typically over $250,000

• Can be done by business valuation professionals, CPAs with valuation credentials, or industry-specific experts

• Cost: $3,000-$10,000+ depending on business complexity

Equipment purchases: Typically no

• Unless you're financing very specialized or custom equipment

• Equipment invoices/quotes usually sufficient

Working capital: No appraisal needed

Can I use an SBA 7(a) loan for a business outside Michigan?

Yes, SBA 7(a) loans can be used anywhere in the United States.

If you're a Michigan business owner:

• Expanding into another state

• Purchasing an out-of-state operation

• Acquiring a business with multi-state locations

SBA 7(a) financing works.

However: Our deepest expertise and strongest lender relationships are for Michigan-based businesses and Michigan projects. We understand:

• Michigan's economic landscape

• Key industries and market dynamics

• Local lender preferences

• Regional business challenges and opportunities

What happens if I want to sell my business before the SBA 7(a) loan is paid off?

The loan must be paid off at closing from sale proceeds.

This is standard for all business sales with existing debt.

Process:

1. Business is listed for sale

2. Buyer is found, purchase agreement signed

3. Buyer secures financing (often their own SBA 7(a) loan)

4. At closing:

   • Buyer's funds pay off your existing SBA loan

   • You receive remaining sale proceeds

5. Transaction closes

Prepayment penalties:

• Most SBA 7(a) loans: Minimal or no prepayment penalties

• Especially after first 2-3 years

• Some lenders charge small fee (0.5-1%) in early years

• Check your specific loan documents

Example:

• Original loan: $1,000,000

• Current balance: $750,000

• Sale price: $1,500,000

• Payoff of loan: $750,000

• Your proceeds: $750,000 (minus transaction costs)

Can I use an SBA 7(a) loan to buy out a business partner?

Yes, partner buyouts are an approved use of SBA 7(a) proceeds.

This is common when:

• One partner wants to exit the business

• Partners have disagreements about business direction

• Partner is retiring

• Partner has other opportunities

How it works:

The loan finances the purchase of the departing partner's ownership stake.

Requirements:

• Business must qualify (revenue, cash flow, credit)

• Departing partner agrees to sale terms

• Business valuation establishes fair market value

• Remaining partner(s) demonstrate ability to run business

• Lender comfortable with post-buyout ownership structure

Example: 50/50 partnership, one partner wants out

• Business valued at: $2,000,000

• Departing partner's 50% share: $1,000,000

• SBA 7(a) loan: $900,000 (90%)

• Remaining partner equity: $100,000 (10%)

• Remaining partner now owns 100% of business

Advantages of SBA 7(a) for partner buyouts:

• Longer terms (10-25 years) = affordable payments

• Preserves business cash flow

• Partner leaving gets full value

• Remaining partner gains 100% ownership

• Business operations continue uninterrupted

Ready to Secure SBA 7(a) Financing for Your Michigan Business?

You've built a real business. You're generating real revenue. You have a clear vision for growth—whether that's acquiring a competitor, purchasing your building, upgrading equipment, or expanding operations.

Now you need capital to execute.

Don't waste months calling banks that will decline you or take 120 days to say "maybe."

Work with Michigan's SBA 7(a) Specialists

LVRG Business Funding has facilitated over $1 billion in business financing for 10,000+ companies, with deep expertise in the Michigan market—from Metro Detroit to Grand Rapids, Ann Arbor to the Upper Peninsula.

We specialize in SBA 7(a) loans for:

• Manufacturing and industrial businesses

• Restaurants, bars, and food service

• Liquor stores, gas stations, and convenience stores

• Automotive services and car washes

• Healthcare and medical practices

• Construction and skilled trades

• Professional services

• Retail and e-commerce

Three Ways to Get Started

1. Call Our Michigan Team 📞 (855) 998-5874

Speak directly with an SBA loan specialist who understands Michigan businesses. Available Monday-Friday, 9am-6pm EST.

2. Email Your Situation ✉️ hello@lvrgllc.com

Tell us about your business and financing needs. We respond within 24 hours with preliminary feedback and next steps.

3. Complete Our Quick Form

We'll contact you within 24 hours with a preliminary assessment and next steps.

What Happens Next

Within 24 hours:

• ✓ Know whether you qualify for SBA 7(a) financing

• ✓ Estimated loan amount based on your financials

• ✓ Preliminary rate and term expectations

• ✓ Timeline to funding

• ✓ Documentation requirements

Within 7-10 days:

• ✓ Complete loan package prepared and packaged

• ✓ Multiple lender options to choose from

• ✓ Clear path to approval

Within 45-60 days:

• ✓ Funded and ready to execute your growth plans

About LVRG Business Funding

LVRG Business Funding is Michigan's trusted partner for SBA 7(a) loans and comprehensive business financing. Based in Metro Detroit with deep roots throughout Michigan, we've spent over 20 years helping Michigan businesses access the capital they need to acquire competitors, purchase real estate, finance equipment, and fuel growth.

Our Approach:

• No cost to you: Lenders compensate us—you get expert guidance at zero cost while often securing better rates than going direct

• 25+ lender network: Strategic access to the nation's most capable SBA lenders

• Michigan expertise: Deep understanding of Michigan's economy, industries, and business landscape

• Proven results: $1 billion+ facilitated in business financing for 10,000+ companies nationwide

Our Specialization:

• Business acquisitions (manufacturing, restaurants, retail, professional services)

• Commercial real estate (owner-occupied properties statewide)

• Equipment financing (construction, manufacturing, healthcare)

• Working capital and expansion financing

• Industry-specific expertise (liquor stores, gas stations, car washes, automotive services)

Cities We Serve: Detroit, Sterling Heights, Warren, Troy, Livonia, Dearborn, Westland, Farmington Hills, Southfield, Royal Oak, Grand Rapids, Ann Arbor, Lansing, Kalamazoo, Flint, and throughout Michigan's 83 counties.

Ready to move forward? Contact LVRG Business Funding today.

📞 (855) 998-5874 | ✉️ info@lvrgllc.com

This guide is for informational purposes only and does not constitute financial advice. Loan terms, rates, and requirements are subject to change and depend on individual borrower qualifications and lender criteria. LVRG Business Funding is not a lender but works with a network of SBA-approved lenders to facilitate business financing.