Hardware Hank, by the numbers
Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.
SBA Franchise Directory: listed ✓ (identifier S0792)
9 deals since 2020 · typical deal $795K
9
Deals since 2020
$795K
Typical deal
0
Deals since FY2025
—
Too few deals to score risk
What buyers pay for Hardware Hank
Most Hardware Hank deals financed between $279K and $1.33M. Above $1.33M, you're paying more than 75% of buyers did — make the seller earn it.
- Monthly payment (10-yr)
- $10,396
- Down payment (10%)
- $88K
- Cash to close (all-in)
- $121K
Estimates at today's rates and standard 7(a) terms. Not a loan offer.
Could you get the loan?
Three answers. No documents, no credit pull.
Credit score
Available cash (you'll need ~$121K)
Experience
Recent financings
- 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 →
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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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- 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
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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 →
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Who funds Hardware Hank — and where
Every dot is a financed Hardware Hank — 9 mapped.
Financed Hardware Hank locations — list all 9 as text
- Everyday Hometown LLC — Waupaca · $795K · FY2021 · Hardware Stores
- Hudson & Hudson Company — Zimmerman · $444K · FY2021 · Hardware Stores
- Solon Springs Mercantile LLC — Solon Springs · $1.8M · FY2023 · Home Centers
- Melstone Mercantile, LLC — Melstone · $276K · FY2020 · All Other General Merchandise Stores
- Northwoods Hardware Plus LLC — Spooner · $1.3M · FY2024 · Hardware Retailers
- WipperBLS Inc — Clear Lake · $970K · FY2020 · Gasoline Stations with Convenience Stores
- WipperBLS Inc — Clear Lake · $100K · FY2020 · Gasoline Stations with Convenience Stores
- Cuda Enterprises, Inc. — Braham · $279K · FY2020 · Hardware Stores
- Hardware Hank — Crosby · $1.9M · FY2020 · Hardware Stores
Top lenders for this brand
1.Falcon National Bank(2)
2.BMO Bank National Association(1)
3.The Bank of Elk River(1)
4.Readycap Lending, LLC(1)
- 5.First State Bank of Forsyth (1)
Most active states
- 1.Minnesota (4 loans)
- 2.Wisconsin (3 loans)
- 3.Montana (1 loans)
- 4.North Dakota (1 loans)
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Common questions
How much does a Hardware Hank cost to buy or open?
The typical deal for Hardware Hank is $795K across 9 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $87K of buyer cash on a typical deal.
How risky is Hardware Hank?
Hardware Hank has 9 SBA loans on record since 2020 — too few to score a reliable failure rate. Judge the unit economics and the franchisor's disclosure document, not a small sample.
Can I finance a Hardware Hank with an SBA loan?
Yes — Hardware Hank has been SBA-financed 0 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.
Buying a Hardware Hank franchise
Most Hardware Hank buyers finance the purchase or build-out with an SBA 7(a) loan — up to 90% of the cost with roughly 10% down. The typical Hardware Hank deal financed for $795K, which points to about $87K of buyer cash on a typical purchase. Hardware Hank is listed in the SBA Franchise Directory (identifier S0792), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund Hardware Hank — a bank that knows the brand approves faster — or pre-qualify for financing to see your likely loan size first.
AI summary
This profile summarizes public SBA financing activity for Hardware Hank — lender activity, typical loan sizes, financing history, and risk and failure signals where available — via CapBench SBA Intelligence. CapBench is not a lender.
Source: CapBench SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. CapBench is not a lender and does not guarantee financing.
Agent summary
This page summarizes public SBA 7(a) financing for Hardware Hank — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. Hardware Hank is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.
- 9 SBA 7(a) deals since 2020
- $795K typical deal
- 0 deals since FY2025
- Too few deals to score a reliable failure rate
- SBA Franchise Directory: listed (identifier S0792)
- Top lenders: Falcon National Bank, BMO Bank National Association, The Bank of Elk River
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-18.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical SBA loan records, not a current offer or franchise availability. Confirm SBA Franchise Directory listing with your lender before an LOI.
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CapBench analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with Hardware Hank.