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How to finance a Ace Hardware in Illinois
The SBA 7(a) lenders funding the most Ace Hardware deals in Illinois, from public loan records — typical Ace Hardware loan about $642K. A bank already funding the brand in your state knows it twice over.
Most active with Ace Hardware in Illinois
Ranked by funded Ace Hardware loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.4 loans · $3M · Libertyville, ILFull record →
- 2.1,296 loans · $1.4B · Wilmington, NCFull record →
- 3.242 loans · $281M · Chicago, ILFull record →
- 4.1 loans · $0M · Midland, TXFull record →
6+ funded Ace Hardware in Illinois 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.
- SIR HENRYS ACE HARDWARE SKOKIE INC. in Skokie, IL — $1.4M (2023) · purchase · Byline Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 16 days
- Approved
- 11/2/2022
- First disbursed
- 11/18/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 12
- Business age
- Change of Ownership
- Industry
- Hardware Retailers
If you were the buyer here
- Est. deal size
- $1.6M
- Est. down payment (10%)
- $161K
- Est. cash at closing
- $221K
- Monthly payment
- $11,676
- Annual debt service
- $140K
- Cash flow needed (1.25×)
- $175K
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 Byline Bank · Lender record →
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- RIG RENTALS, INC in Robinson, IL — $300K (2023) · Community National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6.85% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $225K (75%)
- Approval → funding
- 9 days
- Approved
- 1/25/2023
- First disbursed
- 2/3/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Existing or more than 2 years old
- Industry
- Hardware Retailers
Funded by Community National Bank · Lender record →
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- The Leader Department Store, Inc. in Zion, IL — $1.1M (2022) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 192 mo (16 yrs)
- SBA guaranteed
- $837K (75%)
- Approval → funding
- 89 days
- Approved
- 1/28/2022
- First disbursed
- 4/27/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 26
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $1.2M
- Est. down payment (10%)
- $124K
- Est. cash at closing
- $170K
- Monthly payment
- $8,604
- Annual debt service
- $103K
- Cash flow needed (1.25×)
- $129K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- The Leader Dept. Store, Inc. in Zion, IL — $100K (2022) · purchase · Live Oak Banking Company
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $50K (50%)
- Approval → funding
- 89 days
- Approved
- 1/28/2022
- First disbursed
- 4/27/2022
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 26
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $111K
- Est. down payment (10%)
- $11K
- Est. cash at closing
- $14K
- Monthly payment
- $1,073
- Annual debt service
- $13K
- Cash flow needed (1.25×)
- $16K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- Mr Ace, LLC in Hoffman Estates, IL — $680K (2020) · Libertyville Bank & Trust Company, National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 4.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $340K (50%)
- Approval → funding
- 16 days
- Approved
- 9/14/2020
- First disbursed
- 9/30/2020
- Loan status
- In liquidation
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Existing or more than 2 years old
- Industry
- Hardware Stores
Funded by Libertyville Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
- Mr Ace, LLC in Hoffman Estates, IL — $75K (2020) · Libertyville Bank & Trust Company, National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 4.25% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $38K (50%)
- Approval → funding
- 16 days
- Approved
- 9/14/2020
- First disbursed
- 9/30/2020
- Loan status
- In liquidation
- Loan type
- Revolving line
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Existing or more than 2 years old
- Industry
- Hardware Stores
Funded by Libertyville Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
Buying a Ace Hardware in Illinois? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Ace Hardware loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Ace Hardware purchase in Illinois with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Illinois deals. Libertyville Bank & Trust Company, National Association funds the most here. DealRoom is not a lender.
- $642K typical Ace Hardware loan
- 4 lenders active in Illinois
- 6+ funded Illinois deals
- 16 days typical to fund
Buyers buying a Ace Hardware in Illinois typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand 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: