Lender intelligence
Financing a hardware retailers acquisition in Minnesota
The SBA 7(a) lenders funding the most hardware retailers acquisitions in Minnesota, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Most active in hardware retailers · Minnesota
Ranked by funded hardware retailers acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.16 loans · $9M · Brookings, SDFull record →
- 2.116 loans · $120M · Evansville, INFull record →
6+ funded Hardware Retailers 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.
- Kendall Hardware, Inc. in Saint Paul, MN — $784K (2024) · purchase · First Bank & Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 10.05% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $588K (75%)
- Approval → funding
- 46 days
- Approved
- 12/31/2023
- First disbursed
- 2/15/2024
- Loan status
- Current
- Loan type
- Term loan
- 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
- $871K
- Est. down payment (10%)
- $87K
- Est. cash at closing
- $119K
- Monthly payment
- $10,382
- Annual debt service
- $125K
- Cash flow needed (1.25×)
- $156K
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 →
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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
- Karels Hardware Company in Isle, MN — $160K (2023) · purchase · The First National Bank of Milaca
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6.5% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $80K (50%)
- Approval → funding
- 5 days
- Approved
- 11/25/2022
- First disbursed
- 11/30/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Change of Ownership
- Industry
- Hardware Retailers
If you were the buyer here
- Est. deal size
- $178K
- Est. down payment (10%)
- $18K
- Est. cash at closing
- $24K
- Monthly payment
- $2,376
- Annual debt service
- $29K
- Cash flow needed (1.25×)
- $36K
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 First National Bank of Milaca
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- Karels Hardware Company in Isle, MN — $75K (2023) · purchase · The First National Bank of Milaca
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6.5% variable
- Term
- 48 mo (4 yrs)
- SBA guaranteed
- $38K (50%)
- Approved
- 11/25/2022
- First disbursed
- 11/25/2025
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- Business age
- Change of Ownership
- Industry
- Hardware Retailers
If you were the buyer here
- Est. deal size
- $83K
- Est. down payment (10%)
- $8K
- Est. cash at closing
- $11K
- Monthly payment
- $1,779
- Annual debt service
- $21K
- 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 The First National Bank of Milaca
Your business? Claim this record · Request removal
- TMLB, LLC in Hackensack, MN — $1.8M (2022) · purchase · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.4M (75%)
- Approval → funding
- 2 days
- Approved
- 7/20/2022
- First disbursed
- 7/22/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Hardware Retailers
If you were the buyer here
- Est. deal size
- $2.0M
- Est. down payment (10%)
- $204K
- Est. cash at closing
- $280K
- Monthly payment
- $11,808
- Annual debt service
- $142K
- Cash flow needed (1.25×)
- $177K
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
- TMLB, LLC in Hackensack, MN — $250K (2022) · purchase · Old National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6.25% variable
- Term
- 24 mo (2 yrs)
- SBA guaranteed
- $125K (50%)
- Approval → funding
- 2 days
- Approved
- 7/20/2022
- First disbursed
- 7/22/2022
- Loan status
- Paid in full (8/31/2024)
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Hardware Retailers
If you were the buyer here
- Est. deal size
- $278K
- Est. down payment (10%)
- $28K
- Est. cash at closing
- $37K
- Monthly payment
- $11,108
- Annual debt service
- $133K
- Cash flow needed (1.25×)
- $167K
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
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to hardware retailers businesses with a Minnesota project address.
Agent summary
How to finance a hardware retailers acquisition in Minnesota with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Minnesota deals. First Bank & Trust funds the most here. DealRoom is not a lender.
- $1.1M typical loan
- 3 lenders active in Minnesota
- 6+ funded Minnesota deals
- 5 days typical to fund
Buyers buying a hardware retailers in Minnesota typically pre-qualify, then ask DealRoom to introduce a lender active 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: