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How to finance a Ace Hardware in Indiana

State:

The SBA 7(a) lenders funding the most Ace Hardware deals in Indiana, 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 Indiana

$740K

Typical loan

range $150K–$2.26M

$822K

Est. purchase price

≈ loan ÷ 90%

$112,672

Cash to close

$82,167 down + fees

$9,569/mo

Typical payment

~9.5% · 10yr

$132,052/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

36 days

Typical time to fund

Lenders competing

more = leverage

6.38%

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 Indiana

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

1.1,296 loans · $1.4B · Wilmington, NCFull record →
2.2 loans · $0M · Jasper, INFull record →
3.2,539 loans · $965M · Columbus, OHFull record →
4.2 loans · $4M · Richmond, INFull record →
5.9 loans · $10M · Warren, PAFull record →

12+ funded Ace Hardware in Indiana 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.

H & H Hardware New Albany LLC in New Albany, IN — $2.3M (2024) · German American Bank
Program
7a General
Rate at approval
8.59% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$1.7M (75%)
Approval → funding
5 days
Approved
11/30/2023
First disbursed
12/5/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Unanswered
Industry
Hardware Retailers
Funded by German American Bank · Lender record →
Your business? Claim this record · Request removal
Ace Hardware Of Salem in Salem, IN — $2.6M (2023) · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
8.5% variable
Term
174 months
SBA guaranteed
$1.9M (75%)
Approval → funding
62 days
Approved
1/20/2023
First disbursed
3/23/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
27
Business age
Existing or more than 2 years old
Industry
Hardware Retailers
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Stevenson's Ace Hardware, Inc. in Crawfordsville, IN — $125K (2022) · Live Oak Banking Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$63K (50%)
Approval → funding
10 days
Approved
1/18/2022
First disbursed
1/28/2022
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
27
Business age
Existing or more than 2 years old
Industry
Hardware Stores
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Stevenson's Ace Hardware, Inc. in Crawfordsville, IN — $2.6M (2021) · purchase · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
299 months
SBA guaranteed
$2.4M (90%)
Approval → funding
36 days
Approved
9/16/2021
First disbursed
10/22/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
50
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$2.9M
Est. down payment (10%)
$292K
Est. cash at closing
$402K
Monthly payment
$16,539
Annual debt service
$198K
Cash flow needed (1.25×)
$248K
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
H & H Hardware Inc. in Charlestown, IN — $630K (2021) · German American Bank
Program
7a General
Rate at approval
5.75% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$473K (75%)
Approval → funding
118 days
Approved
11/2/2020
First disbursed
2/28/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
15
Business age
Startup, Loan Funds will Open Business
Industry
Hardware Stores
Funded by German American Bank · Lender record →
Your business? Claim this record · Request removal
Goodenough LLC in Indianpolis, IN — $150K (2021) · First Bank Richmond
Program
7a General
Rate at approval
6% variable
Term
66 months
SBA guaranteed
$135K (90%)
Approval → funding
12 days
Approved
2/10/2021
First disbursed
2/22/2021
Loan status
In workout — SBA bought the guarantee
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
3
Business age
Startup, Loan Funds will Open Business
Industry
Other Personal and Household Goods Repair and Maintenance
Funded by First Bank Richmond · Lender record →
Your business? Claim this record · Request removal
Stevenson's Ace Hardware, Inc. in Crawfordsville, IN — $150K (2021) · purchase · Live Oak Banking Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$113K (75%)
Approval → funding
36 days
Approved
9/16/2021
First disbursed
10/22/2021
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
50
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$167K
Est. down payment (10%)
$17K
Est. cash at closing
$21K
Monthly payment
$1,647
Annual debt service
$20K
Cash flow needed (1.25×)
$25K
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
Musolf Hardware, LLC in Noblesville, IN — $851K (2020) · purchase · National Cooperative Bank, National Association
Program
7a General
Rate at approval
5.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$638K (75%)
Approval → funding
26 days
Approved
9/4/2020
First disbursed
9/30/2020
Loan status
Paid in full (12/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$945K
Est. down payment (10%)
$95K
Est. cash at closing
$130K
Monthly payment
$9,336
Annual debt service
$112K
Cash flow needed (1.25×)
$140K
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 National Cooperative Bank, National Association
Your business? Claim this record · Request removal
BD GEORGIA, LLC in Mitchell, IN — $805K (2020) · purchase · Northwest Bank
Program
7a General
Rate at approval
7.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$604K (75%)
Approval → funding
98 days
Approved
4/28/2020
First disbursed
8/4/2020
Loan status
Paid in full (11/30/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$894K
Est. down payment (10%)
$89K
Est. cash at closing
$123K
Monthly payment
$5,949
Annual debt service
$71K
Cash flow needed (1.25×)
$89K
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 Northwest Bank · Lender record →
Your business? Claim this record · Request removal
White Rock Capital LLC in Charlestown, IN — $740K (2020) · German American Bank
Program
7a General
Rate at approval
5.75% fixed
Term
126 months
SBA guaranteed
$555K (75%)
Approved
10/21/2019
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
14
Business age
Startup, Loan Funds will Open Business
Industry
Hardware Stores
Funded by German American Bank · Lender record →
Your business? Claim this record · Request removal
DABCEF, LLC in Mentone, IN — $302K (2020) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
204 mo (17 yrs)
SBA guaranteed
$226K (75%)
Approval → funding
6 days
Approved
9/18/2020
First disbursed
9/24/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$335K
Est. down payment (10%)
$34K
Est. cash at closing
$45K
Monthly payment
$2,322
Annual debt service
$28K
Cash flow needed (1.25×)
$35K
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 Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
DEMS, LLC in Mentone, IN — $50K (2020) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$25K (50%)
Approval → funding
39 days
Approved
9/22/2020
First disbursed
10/31/2020
Loan status
Paid in full (9/30/2025)
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Business age
Startup, Loan Funds will Open Business
Industry
Hardware Stores
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

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

Agent summary

How to finance a Ace Hardware purchase in Indiana with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Indiana deals. Live Oak Banking Company funds the most here. CapBench is not a lender.

$642K typical Ace Hardware loan
6 lenders active in Indiana
12+ funded Indiana deals
36 days typical to fund

Buyers buying a Ace Hardware in Indiana 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 2026-06-18.
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/indiana
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.