Here's how I plan to finish mine:
Fold the corner in diagonally twice. Tuck the end of your grosgrain underneath the fold so the loop points in towards the middle. One line of stitches across the corner to trap it. Fold the grosgrain at the seam edge so it points outwards. More stitches to add strength and pretty it up. Fold each side in twice and stitch the inside edge. Oh, and put a half twist in your loops so that they cannot lie flat. A trick I learned from skipole straps - you can handle the loop more easily in the cold when wearing gloves.
Code:
Fold in sides - Once:
+----------x x
x|x x x
x | x x x
x | x x x
x | x x x
x x x x | > x x
| x x x
| xx x
| x x
| x x
x x x
x x x
xx x
xx x
xx xx
xx x x
xx x x
xx x x
xxx x
xx x
x x
x--------x
x|
x |
x |
x |
x |
Twice:
x
x x
x x
x x
x x
-----------------> x x
x x x x
x xx x
x x x
x x x
------------+ x x
x x x
xx x
xx x
xx xx
xx x x
xx x x
xx x x+
xxx x |
xx x |
x x |
+ |
| |
| |
| |
| |
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