Financing a flooring contractors acquisition in Michigan

State:

Alabama (2)Arizona (5)California (2)Colorado (8)Connecticut (2)Florida (13)Georgia (2)Idaho (2)Illinois (10)Indiana (2)Kansas (2)Kentucky (1)

The SBA 7(a) lenders funding the most flooring contractors acquisitions in Michigan, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.

Deal economics— what it takes to buy & finance flooring contractors in Michigan

$1.26M

Typical loan

range $803K–$4.89M

$1.40M

Est. purchase price

≈ loan ÷ 90%

$191,975

Cash to close

$140,000 down + fees

$16,304/mo

Typical payment

~9.5% · 10yr

$224,995/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

24 days

Typical time to fund

Lenders competing

more = leverage

7.4%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active in flooring contractors · Michigan

Ranked by funded flooring contractors acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.

1.36 loans · $51M · Carmel, INFull record →

4+ funded Flooring Contractors 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.

BATCHED FLOORS LLC in Petoskey, MI — $803K (2023) · purchase · Merchants Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
98 months
SBA guaranteed
$602K (75%)
Approval → funding
24 days
Approved
2/7/2023
First disbursed
3/3/2023
Loan status
In workout — SBA bought the guarantee
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
5
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$892K
Est. down payment (10%)
$89K
Est. cash at closing
$122K
Monthly payment
$11,804
Annual debt service
$142K
Cash flow needed (1.25×)
$177K
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 Merchants Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
BATCHED FLOORS LLC in Petoskey, MI — $440K (2023) · purchase · Merchants Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
280 months
SBA guaranteed
$330K (75%)
Approval → funding
24 days
Approved
2/7/2023
First disbursed
3/3/2023
Loan status
In workout — SBA bought the guarantee
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
5
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$489K
Est. down payment (10%)
$49K
Est. cash at closing
$65K
Monthly payment
$3,914
Annual debt service
$47K
Cash flow needed (1.25×)
$59K
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 Merchants Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
Continental Interiors Inc in Troy, MI — $4.9M (2021) · purchase · First Internet Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
156 mo (13 yrs)
SBA guaranteed
$3.7M (77%)
Approval → funding
3 days
Approved
2/1/2021
First disbursed
2/4/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
65
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$5.4M
Est. down payment (10%)
$544K
Est. cash at closing
$752K
Monthly payment
$45,237
Annual debt service
$543K
Cash flow needed (1.25×)
$679K
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 First Internet Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
FLOOR CARE CONCEPTS & SUPPLY, LLC in Grand Rapids, MI — $1.3M (2021) · purchase · Fifth Third Bank
Program
Preferred Lenders Program
Rate at approval
4.61% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$1.1M (90%)
Approval → funding
23 days
Approved
9/1/2021
First disbursed
9/24/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
14
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$1.4M
Est. down payment (10%)
$140K
Est. cash at closing
$192K
Monthly payment
$13,125
Annual debt service
$158K
Cash flow needed (1.25×)
$197K
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

Financing a flooring contractors deal in Michigan? Start with the right lender

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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to flooring contractors businesses with a Michigan project address.

Agent summary

How to finance a flooring contractors 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. Merchants Bank of Indiana funds the most here. CapBench is not a lender.

$391K typical loan
3 lenders active in Michigan
4+ funded Michigan deals
24 days typical to fund

Buyers buying a flooring contractors in Michigan typically pre-qualify, then ask CapBench to introduce a lender active here — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker All flooring contractors lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-24.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/industry/flooring-contractors/michigan
API:: https://www.capbench.com/api/public/lenders?industry=flooring-contractors&state=MI
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.