Lender intelligence
Financing a hardware stores acquisition in Iowa
The SBA 7(a) lenders funding the most hardware stores acquisitions in Iowa, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Most active in hardware stores · Iowa
Ranked by funded hardware stores acquisitions in Iowa. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.3 loans · $1M · Fort Pierre, SDFull record →
- 2.129 loans · $234M · New York, NYFull record →
3+ funded Hardware Stores in Iowa 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.
- Merschman Hardware and Building Supply LLC in Eldridge, IA — $278K (2022) · purchase · First Central State Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $209K (75%)
- Approval → funding
- 11 days
- Approved
- 2/11/2022
- First disbursed
- 2/22/2022
- Loan status
- Paid in full (7/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 16
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $309K
- Est. down payment (10%)
- $31K
- Est. cash at closing
- $41K
- Monthly payment
- $3,933
- Annual debt service
- $47K
- Cash flow needed (1.25×)
- $59K
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 Central State Bank
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- Riceville Hardware & General Store LLC in Riceville, IA — $409K (2021) · purchase · First National Bank
- Program
- 7a General
- Rate at approval
- 4.55% variable
- Term
- 204 mo (17 yrs)
- SBA guaranteed
- $368K (90%)
- Approval → funding
- 13 days
- Approved
- 7/24/2021
- First disbursed
- 8/6/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $454K
- Est. down payment (10%)
- $45K
- Est. cash at closing
- $61K
- Monthly payment
- $2,883
- Annual debt service
- $35K
- Cash flow needed (1.25×)
- $43K
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 National Bank · Lender record →
Your business? Claim this record · Request removal
- L & G Hardware, LLC in La Porte City, IA — $252K (2020) · purchase · Port 51 Lending LLC
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $189K (75%)
- Approval → funding
- 17 days
- Approved
- 8/14/2020
- First disbursed
- 8/31/2020
- Loan status
- Paid in full (9/30/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 3
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $280K
- Est. down payment (10%)
- $28K
- Est. cash at closing
- $37K
- Monthly payment
- $1,624
- Annual debt service
- $19K
- Cash flow needed (1.25×)
- $24K
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 Port 51 Lending LLC · 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 stores businesses with a Iowa project address.
Agent summary
How to finance a hardware stores acquisition in Iowa with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Iowa deals. First National Bank funds the most here. DealRoom is not a lender.
- $887K typical loan
- 3 lenders active in Iowa
- 3+ funded Iowa deals
- 13 days typical to fund
Buyers buying a hardware stores in Iowa 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:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.