Retail & Shops · lender intelligence

How to finance a Ace Hardware in Illinois

State:

The SBA 7(a) lenders funding the most Ace Hardware deals in Illinois, from public loan records — typical Ace Hardware loan about $642K. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Ace Hardware in Illinois

$680K

Typical loan

range $100K–$1.12M

$756K

Est. purchase price

≈ loan ÷ 90%

$101,056

Cash to close

$75,556 down + fees

$8,799/mo

Typical payment

~9.5% · 10yr

$121,426/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

16 days

Typical time to fund

Lenders competing

more = leverage

5.73%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with Ace Hardware in Illinois

Ranked by funded Ace Hardware loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.

1.4 loans · $3M · Libertyville, ILFull record →
2.1,296 loans · $1.4B · Wilmington, NCFull record →
3.242 loans · $281M · Chicago, ILFull record →
4.1 loans · $0M · Midland, TXFull record →

6+ funded Ace Hardware in Illinois 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.

SIR HENRYS ACE HARDWARE SKOKIE INC. in Skokie, IL — $1.4M (2023) · purchase · Byline Bank
Program
Preferred Lenders Program
Rate at approval
8.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.1M (75%)
Approval → funding
16 days
Approved
11/2/2022
First disbursed
11/18/2022
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
$1.6M
Est. down payment (10%)
$161K
Est. cash at closing
$221K
Monthly payment
$11,676
Annual debt service
$140K
Cash flow needed (1.25×)
$175K
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 Byline Bank · Lender record →
Your business? Claim this record · Request removal
RIG RENTALS, INC in Robinson, IL — $300K (2023) · Community National Bank
Program
Preferred Lenders Program
Rate at approval
6.85% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$225K (75%)
Approval → funding
9 days
Approved
1/25/2023
First disbursed
2/3/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
12
Business age
Existing or more than 2 years old
Industry
Hardware Retailers
Funded by Community National Bank · Lender record →
Your business? Claim this record · Request removal
The Leader Department Store, Inc. in Zion, IL — $1.1M (2022) · purchase · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
192 mo (16 yrs)
SBA guaranteed
$837K (75%)
Approval → funding
89 days
Approved
1/28/2022
First disbursed
4/27/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
26
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$1.2M
Est. down payment (10%)
$124K
Est. cash at closing
$170K
Monthly payment
$8,604
Annual debt service
$103K
Cash flow needed (1.25×)
$129K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
The Leader Dept. Store, Inc. in Zion, IL — $100K (2022) · purchase · Live Oak Banking Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$50K (50%)
Approval → funding
89 days
Approved
1/28/2022
First disbursed
4/27/2022
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
26
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
$1,073
Annual debt service
$13K
Cash flow needed (1.25×)
$16K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Mr Ace, LLC in Hoffman Estates, IL — $680K (2020) · Libertyville Bank & Trust Company, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
4.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$340K (50%)
Approval → funding
16 days
Approved
9/14/2020
First disbursed
9/30/2020
Loan status
In liquidation
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
12
Business age
Existing or more than 2 years old
Industry
Hardware Stores
Funded by Libertyville Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
Mr Ace, LLC in Hoffman Estates, IL — $75K (2020) · Libertyville Bank & Trust Company, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
4.25% variable
Term
84 mo (7 yrs)
SBA guaranteed
$38K (50%)
Approval → funding
16 days
Approved
9/14/2020
First disbursed
9/30/2020
Loan status
In liquidation
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Jobs supported
12
Business age
Existing or more than 2 years old
Industry
Hardware Stores
Funded by Libertyville Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal

Buying a Ace Hardware in Illinois? 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.

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Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

CapBench analysis of public SBA 7(a) lending records; ranked by funded Ace Hardware loans with a Illinois project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Ace Hardware purchase in Illinois with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Illinois deals. Libertyville Bank & Trust Company, National Association funds the most here. CapBench is not a lender.

$642K typical Ace Hardware loan
4 lenders active in Illinois
6+ funded Illinois deals
16 days typical to fund

Buyers buying a Ace Hardware in Illinois typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker All Ace Hardware lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/ace-hardware/illinois
API:: https://www.capbench.com/api/public/lenders?franchise=ace-hardware
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.