SBA lending record
TED Design, LLC
4034 Chicago Drive SW, Grandville, MI 49418 · Floor Covering Stores. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.5M
Total SBA financing
2
Loans on record
FY2021
On record
52
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$766,000 — FY2021
Loan 1 of 2- Gross approval
- $766,000
- SBA guaranteed
- $689,400 (90%)
- Status
- Paid in full
- Rate at approval
- 4% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 3/18/2021
- First disbursement
- 3/31/2021
- Days to fund
- 13 days
- Paid in full
- 5/31/2023
- Collateral
- Required
- Jobs supported
- 26
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Floor Covering Stores
- NAICS code
- 442210
- Address
- 4034 Chicago Drive SW
- City
- Grandville, 49418
- County
- Ottawa
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 2
$750,000 — FY2021
Loan 2 of 2- Gross approval
- $750,000
- SBA guaranteed
- $375,000 (50%)
- Status
- Paid in full
- Rate at approval
- 0.75% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 3/18/2021
- First disbursement
- 3/31/2021
- Days to fund
- 13 days
- Paid in full
- 7/31/2023
- Collateral
- Required
- Jobs supported
- 26
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Floor Covering Stores
- NAICS code
- 442210
- Address
- 4034 Chicago Drive SW
- City
- Grandville, 49418
- County
- Ottawa
- SBA district office
- MICHIGAN DISTRICT OFFICE
- Congressional district
- 2
The lender
The Huntington National Bank
2 loans to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding floor covering stores — by location, industry.
Similar businesses
Comparable floor covering stores in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Rugg Holdings LLC
Morrice, MI· ~80 mi
Floor Covering Stores
- $1.9M
- SBA financing
- ≈ $3.8M–$6.3M
- Est. revenue (rough)
METRO CARPET AND FLOORS HOLDINGS, LLC
Dearborn Heights, MI· ~133 mi
Floor Covering Stores
- $1.4M
- SBA financing
- ≈ $2.8M–$4.6M
- Est. revenue (rough)
2B's Squared, LLC
Cedar Springs, MI· ~25 mi
Floor Covering Stores
- $350K
- SBA financing
- ≈ $686K–$1.1M
- Est. revenue (rough)
Lansing Tile & Mosaic, Inc.
Lansing, MI· ~61 mi
Floor Covering Stores
- $3.5M
- SBA financing
- ≈ $7.0M–$12M
- Est. revenue (rough)
Legacy Tile Flooring Distributors, Inc.
Wood Dale, IL· ~130 mi
Floor Covering Stores
- $860K
- SBA financing
- ≈ $1.7M–$2.8M
- Est. revenue (rough)
Superb Carpets & Flooring, Inc.
Wheaton, IL· ~140 mi
Floor Covering Stores
- $800K
- SBA financing
- ≈ $1.6M–$2.6M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for TED Design, LLC in Grandville, MI (Floor Covering Stores). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 2 SBA 7(a) loans totaling $1.5M
- On record FY2021
- 52 jobs supported
- Industry: Floor Covering Stores
- Location: Grandville, MI
- Lender: The Huntington National Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Floor Covering Stores businesses in MI for ~$758k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with TED Design, LLC.