Lender intelligence
Financing a hardware stores acquisition in Minnesota
The SBA 7(a) lenders funding the most hardware stores 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 stores · Minnesota
Ranked by funded hardware stores acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.31 loans · $11M · Green Bay, WIFull record →
- 2.10 loans · $2M · Elk River, MNFull record →
7+ funded Hardware Stores 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.
- 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 →
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- 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
- MAC Hardward LLC in Saint Paul, MN — $558K (2021) · purchase · 21st Century Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.15% fixed
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $418K (75%)
- Approval → funding
- 0 days
- Approved
- 12/14/2020
- First disbursed
- 12/14/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $619K
- Est. down payment (10%)
- $62K
- Est. cash at closing
- $83K
- Monthly payment
- $2,989
- Annual debt service
- $36K
- Cash flow needed (1.25×)
- $45K
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 21st Century Bank · Lender record →
Your business? Claim this record · Request removal
- 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 →
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
- Janson's Hardware LLC in Pierz, MN — $95K (2021) · purchase · Unity Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 4.8% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $48K (50%)
- Approval → funding
- 1 days
- Approved
- 4/8/2021
- First disbursed
- 4/9/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Hardware Stores
If you were the buyer here
- Est. deal size
- $106K
- Est. down payment (10%)
- $11K
- Est. cash at closing
- $14K
- Monthly payment
- $998
- 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 Unity 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
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to hardware stores businesses with a Minnesota project address.
Agent summary
How to finance a hardware stores 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. Nicolet National Bank funds the most here. DealRoom is not a lender.
- $887K typical loan
- 5 lenders active in Minnesota
- 7+ funded Minnesota deals
- 13 days typical to fund
Buyers buying a hardware stores 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:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.