UniBank Waterstation SBA Loans in Michigan — 3 Funded
Michigan loan data 2020–2021 · Updated June 2026
UniBank has funded 3 SBA loans to Waterstation franchisees in Michigan, totaling $2.8M in approved financing across 2 cities and 2 congressional districts.
The average Waterstation loan in Michigan from UniBank is $947K at a 6% average interest rate, with terms averaging 120 months. The Michigan default rate is 0% based on 3 resolved loans. Michigan represents 3.8% of UniBank's total Waterstation lending nationally. These loans collectively support 3 Michigan jobs. SBA-guaranteed portion totals $2.2M (80% of approved volume).
How Michigan Compares to UniBank's National Waterstation Lending
Looking to fund a Waterstation franchise in Michigan?
UniBank is one of 1+ lenders who have funded Waterstation in Michigan. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
UniBank Waterstation Loan Performance in Michigan
Based on 3 SBA loans originated by UniBank for Waterstation franchisees with Michigan addresses, the Michigan-specific lending relationship spans 2020–2021. Of 3 resolved Michigan loans, 3 were paid in full and 0 resulted in chargeoffs.
The Michigan loan size range extends from $297K to $1.3M, indicating UniBank funds both smaller single-unit Waterstation operations and larger multi-unit or renovation projects in Michigan. Each loan supports an average of 1 jobs in the local economy, and the portfolio collectively supports 3 Michigan jobs. Most Michigan Waterstation loans from UniBank are classified under "Vending Machine Operators" (NAICS).
Recent activity: UniBank has originated 0 Waterstation Michigan loans in the last 2 fiscal years and 3 since fiscal year 2020. The most recent Waterstation Michigan approval recorded is from FY2021. Note: lack of recent activity may indicate UniBank has paused, slowed, or exited Waterstation Michigan lending — borrowers should verify current appetite directly.
SBA guarantee profile: The SBA-guaranteed portion of UniBank's Waterstation Michigan loans averages 80% of approved volume, totaling $2.2M in federally-backed exposure. 7(a) loans typically carry a 75-85% guarantee, so a higher percentage suggests a smaller-loan/SBA Express mix; lower suggests larger PLP deals where the lender retains more risk.
The 0% Michigan default rate is a strong indicator of loan quality. This suggestsUniBank has effective underwriting standards for Waterstation deals in Michigan and/or Michigan Waterstation franchisees have strong unit economics that support debt service. For prospective Michigan borrowers, this is an encouraging signal — UniBankunderstands the Waterstation business model in this market and has a track record of successful outcomes here.
SBA Programs Used for Waterstation Loans in Michigan
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 3 | $947K | 6% | 120 mo |
Waterstation Loan Size Distribution from UniBank in Michigan
How UniBank's Waterstation Michigan loan sizes break down by deal size. Useful for sizing your own deal: where do most Michigan Waterstation approvals land?
| Loan Size Range | Loans | Avg Loan Size | % of Michigan Loans |
|---|---|---|---|
| $150K-$350K | 1 | $297K | 33% |
| $750K-$1.5M | 2 | $1.3M | 67% |
How UniBank Originates Waterstation Loans in Michigan
SBA delivery method matters: Preferred Lenders Program (PLP) closes 2-3 weeks faster than General Processing because the lender holds full credit authority. UniBank uses 1 different Michigan delivery methods for Waterstation:
| Delivery Method | Loans | Avg Loan Size |
|---|---|---|
| Preferred Lenders Program | 3 | $947K |
Where in Michigan UniBank Funds Waterstation Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Grand Blanc | 2 | $1.3M | $2.5M | 0% — Low Risk |
| Northville | 1 | $297K | $297K | 0% — Low Risk |
UniBank's strongest Waterstation lending presence in Michigan is concentrated in Grand Blanc (2 loans), Northville (1 loans).
UniBank Waterstation Lending in Michigan Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2021 | 1 | $297K | $297K | 6% |
| 2020 | 2 | $1.3M | $2.5M | 6% |
UniBank Waterstation Lending in Other States
UniBank has also funded Waterstation franchisees in 8 other states. View state-specific data:
How to Get an SBA Loan for a Waterstation Franchise in Michigan
If you're considering a Waterstation franchise in Michigan and want to finance through UniBank or another SBA lender, here's what you need to know based on our analysis of 3 historical Michigan loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Waterstation's franchise fee and total investment determine minimum capital requirements.
Compare Michigan Lenders
1 lenders have funded Waterstation in Michigan. Lenders with more local Waterstation experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches Michigan borrowers with lenders who have a proven track record funding Waterstation in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on Michigan historical data: The average Waterstation SBA loan from UniBank in Michigan is $947K with a 6% interest rate and a 120-month term.Michigan loan amounts range from $297K to $1.3M.
Ready to Fund Your Waterstation Franchise in Michigan?
We connect you with lenders who have already funded Waterstation in Michigan — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.