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How to finance a Ace Hardware in Minnesota
The SBA 7(a) lenders funding the most Ace Hardware deals in Minnesota, 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 Minnesota
Ranked by funded Ace Hardware loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.116 loans · $120M · Evansville, INFull record →
- 2.31 loans · $11M · Green Bay, WIFull record →
- 3.3,264 loans · $846M · Miami, FLFull record →
- 4.1,296 loans · $1.4B · Wilmington, NCFull record →
- 5.16 loans · $9M · Brookings, SDFull record →
- 6.3 loans · $2M · Minneapolis, MNFull record →
- 7.3 loans · $1M · Fort Pierre, SDFull record →
13+ funded Ace Hardware in Minnesota 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.
- Pine River Hardware Corp. in Pine River, MN — $600K (2026) · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 8% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $450K (75%)
- Approval → funding
- 47 days
- Approved
- 11/19/2025
- First disbursed
- 1/5/2026
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Hardware Retailers
Funded by Live Oak Banking Company · Lender record →
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- Gopher Ace in Long Lake, MN — $500K (2026) · Newtek Bank, National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $250K (50%)
- Approval → funding
- 5 days
- Approved
- 11/14/2025
- First disbursed
- 11/19/2025
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 30
- Business age
- Existing or more than 2 years old
- Industry
- Hardware Retailers
Funded by Newtek Bank, National Association · Lender record →
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- NB Company, LLC in Saint Paul, MN — $3.2M (2025) · Northeast Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $2.4M (75%)
- Approval → funding
- 15 days
- Approved
- 3/10/2025
- First disbursed
- 3/25/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- Business age
- New Business or 2 years or less
- Industry
- Hardware Retailers
Funded by Northeast Bank · Lender record →
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- Kendall Hardware, Inc. in Saint Paul, MN — $100K (2024) · purchase · First Bank & Trust
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9% variable
- Term
- 72 mo (6 yrs)
- SBA guaranteed
- $50K (50%)
- Approved
- 12/31/2023
- Loan status
- Committed
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 18
- Business age
- Change of Ownership
- Industry
- Hardware Retailers
If you were the buyer here
- Est. deal size
- $111K
- Est. down payment (10%)
- $11K
- Est. cash at closing
- $14K
- Monthly payment
- $1,803
- Annual debt service
- $22K
- Cash flow needed (1.25×)
- $27K
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 Bank & Trust · Lender record →
Your business? Claim this record · Request removal
- D&K Solutions in Lake Crystal, MN — $165K (2023) · Minnstar Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 8.25% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $83K (50%)
- Approval → funding
- 1 days
- Approved
- 3/13/2023
- First disbursed
- 3/14/2023
- Loan status
- Paid in full (2/29/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Partnership
- Jobs supported
- 6
- Business age
- Existing or more than 2 years old
- Industry
- Hardware Stores
Funded by Minnstar Bank National Association
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- Harris Family Hardware, LLC in Lake Elmo, MN — $986K (2022) · Nicolet National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $740K (75%)
- Approval → funding
- 21 days
- Approved
- 12/10/2021
- First disbursed
- 12/31/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 23
- Business age
- Existing or more than 2 years old
- Industry
- Hardware Stores
Funded by Nicolet National Bank · Lender record →
Your business? Claim this record · Request removal
- Owata Nelson Company in Forest Lake, MN — $670K (2022) · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.65% variable
- Term
- 126 months
- SBA guaranteed
- $503K (75%)
- Approval → funding
- 8 days
- Approved
- 1/21/2022
- First disbursed
- 1/29/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 14
- Business age
- Existing or more than 2 years old
- Industry
- Hardware Stores
Funded by Old National Bank · Lender record →
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- Harris Family Hardware, LLC in Lake Elmo, MN — $100K (2022) · purchase · Nicolet National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 4.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $50K (50%)
- Approval → funding
- 39 days
- Approved
- 12/23/2021
- First disbursed
- 1/31/2022
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 24
- 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
- $1,024
- Annual debt service
- $12K
- Cash flow needed (1.25×)
- $15K
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 Nicolet National Bank · Lender record →
Your business? Claim this record · Request removal
- Owata Nelson Company in Coon Rapids, MN — $2.4M (2021) · purchase · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 3.6% fixed
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.8M (75%)
- Approval → funding
- 42 days
- Approved
- 12/17/2020
- First disbursed
- 1/28/2021
- Loan status
- Paid in full (1/31/2026)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $2.7M
- Est. down payment (10%)
- $269K
- Est. cash at closing
- $371K
- Monthly payment
- $12,258
- Annual debt service
- $147K
- Cash flow needed (1.25×)
- $184K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
- Owata Nelson Company in Coon Rapids, MN — $100K (2021) · purchase · Old National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 3.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $50K (50%)
- Approval → funding
- 13 days
- Approved
- 12/17/2020
- First disbursed
- 12/30/2020
- Loan status
- Paid in full (2/28/2026)
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- 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
- $977
- Annual debt service
- $12K
- Cash flow needed (1.25×)
- $15K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
- Rhobob, Inc. in Spring Valley, MN — $475K (2020) · First National Bank
- Program
- 7a General
- Rate at approval
- 6.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $356K (75%)
- Approval → funding
- 54 days
- Approved
- 11/7/2019
- First disbursed
- 12/31/2019
- Loan status
- Paid in full (5/31/2021)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Existing or more than 2 years old
- Industry
- Hardware Stores
Funded by First National Bank · Lender record →
Your business? Claim this record · Request removal
- SCMN Ace LLC in St. Charles, MN — $450K (2020) · purchase · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $338K (75%)
- Approval → funding
- 7 days
- Approved
- 7/24/2020
- First disbursed
- 7/31/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $500K
- Est. down payment (10%)
- $50K
- Est. cash at closing
- $67K
- Monthly payment
- $4,556
- Annual debt service
- $55K
- Cash flow needed (1.25×)
- $68K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
- K&S Hardware, LLC in Long Lake, MN — $250K (2020) · Newtek Small Business Finance, Inc.
- Program
- Preferred Lenders Program
- Rate at approval
- 7.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $188K (75%)
- Approval → funding
- 19 days
- Approved
- 12/12/2019
- First disbursed
- 12/31/2019
- Loan status
- Paid in full (1/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- Existing or more than 2 years old
- Industry
- Hardware Stores
Funded by Newtek Small Business Finance, Inc.
Your business? Claim this record · Request removal
Buying a Ace Hardware in Minnesota? 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 Minnesota project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Ace Hardware purchase in Minnesota with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Minnesota deals. Old National Bank funds the most here. DealRoom is not a lender.
- $642K typical Ace Hardware loan
- 9 lenders active in Minnesota
- 13+ funded Minnesota deals
- 19 days typical to fund
Buyers buying a Ace Hardware in Minnesota 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:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.