Lender intelligence
Financing a floor covering stores acquisition in Michigan
The SBA 7(a) lenders funding the most floor covering stores 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 floor covering stores · Michigan
Ranked by funded floor covering stores acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
Not enough public floor covering stores loan history in Michigan to rank lenders yet. See floor covering stores lenders nationwide →
3+ funded Floor Covering Stores 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.
- Lansing Tile & Mosaic, Inc. in Lansing, MI — $3.5M (2021) · purchase · Chelsea State Bank
- Program
- 7a General
- Rate at approval
- 3.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $3.2M (90%)
- Approval → funding
- 34 days
- Approved
- 1/19/2021
- First disbursed
- 2/22/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 45
- Business age
- Change of Ownership
- Industry
- Floor Covering Stores
If you were the buyer here
- Est. deal size
- $3.9M
- Est. down payment (10%)
- $394K
- Est. cash at closing
- $544K
- Monthly payment
- $35,472
- Annual debt service
- $426K
- Cash flow needed (1.25×)
- $532K
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 Chelsea State Bank · Lender record →
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- TED Design, LLC in Grandville, MI — $766K (2021) · purchase · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $689K (90%)
- Approval → funding
- 13 days
- Approved
- 3/18/2021
- First disbursed
- 3/31/2021
- Loan status
- Paid in full (5/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 26
- Business age
- Change of Ownership
- Industry
- Floor Covering Stores
If you were the buyer here
- Est. deal size
- $851K
- Est. down payment (10%)
- $85K
- Est. cash at closing
- $117K
- Monthly payment
- $7,755
- Annual debt service
- $93K
- Cash flow needed (1.25×)
- $116K
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 The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- Rugg Holdings LLC in Morrice, MI — $1.9M (2020) · purchase · Fifth Third Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% variable
- Term
- 156 mo (13 yrs)
- SBA guaranteed
- $1.4M (75%)
- Approval → funding
- 64 days
- Approved
- 4/2/2020
- First disbursed
- 6/5/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Floor Covering Stores
If you were the buyer here
- Est. deal size
- $2.1M
- Est. down payment (10%)
- $213K
- Est. cash at closing
- $293K
- Monthly payment
- $16,032
- Annual debt service
- $192K
- Cash flow needed (1.25×)
- $240K
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 Fifth Third Bank · Lender record →
Your business? Claim this record · Request removal
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to floor covering stores businesses with a Michigan project address.
Agent summary
How to finance a floor covering stores 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. DealRoom is not a lender.
- $787K typical loan
- 3 lenders active in Michigan
- 3+ funded Michigan deals
- 34 days typical to fund
Buyers buying a floor covering stores 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:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.