Retail & Shops · lender intelligence
How to finance a Hardware Hank
The SBA 7(a) lenders funding the most Hardware Hank deals, ranked from public loan records — typical Hardware Hank loan about $795K. A bank that has funded the brand knows the model — faster approvals, better terms.
Most active with Hardware Hank
Ranked by funded Hardware Hank loans. Tap a lender to open its full record, or hit Get in touch for an introduction.
- 1.26 loans · $22M · Foley, MNFull record →
- 2.16 loans · $18M · Chicago, ILFull record →
- 3.10 loans · $2M · Elk River, MNFull record →
- 4.1,025 loans · $292M · Berkeley Heights, NJFull record →
- 5.15 loans · $10M · Grand Forks, NDFull record →
- 6.34 loans · $19M · Arden Hills, MNFull record →
9+ funded Hardware Hank 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.
- Northwoods Hardware Plus LLC in Spooner, WI — $1.3M (2024) · purchase · Alerus Financial, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 8.5% variable
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $998K (75%)
- Approval → funding
- 46 days
- Approved
- 1/27/2024
- First disbursed
- 3/13/2024
- 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
- $1.5M
- Est. down payment (10%)
- $148K
- Est. cash at closing
- $203K
- Monthly payment
- $11,542
- Annual debt service
- $139K
- Cash flow needed (1.25×)
- $173K
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 Alerus Financial, National Association · Lender record →
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- Solon Springs Mercantile LLC in Solon Springs, WI — $1.8M (2023) · Readycap Lending, LLC
- Program
- Preferred Lenders Program
- Rate at approval
- 8.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.3M (75%)
- Approval → funding
- 20 days
- Approved
- 10/18/2022
- First disbursed
- 11/7/2022
- 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
- 6
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Home Centers
Funded by Readycap Lending, LLC · Lender record →
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- Everyday Hometown LLC in Waupaca, WI — $795K (2021) · BMO Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $716K (90%)
- Approval → funding
- 15 days
- Approved
- 4/15/2021
- First disbursed
- 4/30/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 22
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Hardware Stores
Funded by BMO Bank National Association · Lender record →
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- Hudson & Hudson Company in Zimmerman, MN — $444K (2021) · purchase · The Bank of Elk River
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $399K (90%)
- Approval → funding
- 6 days
- Approved
- 5/20/2021
- First disbursed
- 5/26/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $493K
- Est. down payment (10%)
- $49K
- Est. cash at closing
- $66K
- Monthly payment
- $4,543
- 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 The Bank of Elk River · Lender record →
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- Hardware Hank in Crosby, ND — $1.9M (2020) · purchase · Wells Fargo Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.55% fixed
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.4M (75%)
- Approval → funding
- 19 days
- Approved
- 12/12/2019
- First disbursed
- 12/31/2019
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 6
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $2.1M
- Est. down payment (10%)
- $211K
- Est. cash at closing
- $290K
- Monthly payment
- $11,705
- Annual debt service
- $140K
- Cash flow needed (1.25×)
- $176K
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 Wells Fargo Bank National Association · Lender record →
Your business? Claim this record · Request removal
- WipperBLS Inc in Clear Lake, MN — $970K (2020) · Falcon National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 196 months
- SBA guaranteed
- $728K (75%)
- Approval → funding
- 36 days
- Approved
- 10/25/2019
- First disbursed
- 11/30/2019
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Gasoline Stations with Convenience Stores
Funded by Falcon National Bank · Lender record →
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- Cuda Enterprises, Inc. in Braham, MN — $279K (2020) · Frandsen Bank and Trust
- Program
- 7a General
- Rate at approval
- 6.5% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $209K (75%)
- Approval → funding
- 11 days
- Approved
- 11/19/2019
- First disbursed
- 11/30/2019
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Unanswered
- Industry
- Hardware Stores
Funded by Frandsen Bank and Trust · Lender record →
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- Melstone Mercantile, LLC in Melstone, MT — $276K (2020) · purchase · First State Bank of Forsyth
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.75% variable
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $138K (50%)
- Approval → funding
- 6 days
- Approved
- 8/25/2020
- First disbursed
- 8/31/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- All Other General Merchandise Stores
If you were the buyer here
- Est. deal size
- $306K
- Est. down payment (10%)
- $31K
- Est. cash at closing
- $41K
- Monthly payment
- $1,935
- Annual debt service
- $23K
- Cash flow needed (1.25×)
- $29K
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 State Bank of Forsyth
Your business? Claim this record · Request removal
- WipperBLS Inc in Clear Lake, MN — $100K (2020) · purchase · Falcon National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 7.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $50K (50%)
- Approval → funding
- 32 days
- Approved
- 10/29/2019
- First disbursed
- 11/30/2019
- Loan status
- Paid in full (11/30/2024)
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- Business age
- Change of Ownership
- Industry
- Gasoline Stations with Convenience Stores
If you were the buyer here
- Est. deal size
- $111K
- Est. down payment (10%)
- $11K
- Est. cash at closing
- $14K
- Monthly payment
- $1,174
- Annual debt service
- $14K
- Cash flow needed (1.25×)
- $18K
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 Falcon National Bank · Lender record →
Your business? Claim this record · Request removal
Buying a Hardware Hank? Start with a lender that has funded the brand
We'll point you to the SBA lenders already financing this brand — 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 loans to Hardware Hank businesses. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Hardware Hank purchase with an SBA 7(a) loan: the lenders that fund the brand most (from public records), the typical loan size, and what it takes to qualify. Falcon National Bank funds the most. DealRoom is not a lender.
- $795K typical Hardware Hank loan
- 8 lenders fund the brand
- 19 days typical to fund
Buyers researching a Hardware Hank typically pre-qualify for SBA 7(a) financing next, then ask DealRoom to introduce a lender that already funds the brand — free for buyers; agents can 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.