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How to finance a Hardware Hank in Minnesota
The SBA 7(a) lenders funding the most Hardware Hank deals in Minnesota, from public loan records — typical Hardware Hank loan about $795K. A bank already funding the brand in your state knows it twice over.
Most active with Hardware Hank in Minnesota
Ranked by funded Hardware Hank loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.26 loans · $22M · Foley, MNFull record →
- 2.10 loans · $2M · Elk River, MNFull record →
- 3.34 loans · $19M · Arden Hills, MNFull record →
4+ funded Hardware Hank 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.
- 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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- 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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- 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 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.
Free · No documents · Usually same-day
DealRoom analysis of public SBA 7(a) lending records; ranked by funded Hardware Hank loans with a Minnesota project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Hardware Hank 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. Falcon National Bank funds the most here. DealRoom is not a lender.
- $795K typical Hardware Hank loan
- 3 lenders active in Minnesota
- 4+ funded Minnesota deals
- 32 days typical to fund
Buyers buying a Hardware Hank 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: