Retail & Shops · lender intelligence

How to finance a Ace Hardware in Michigan

State:

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

$685K

Typical loan

range $480K–$1.06M

$761K

Est. purchase price

≈ loan ÷ 90%

$101,799

Cash to close

$76,111 down + fees

$8,864/mo

Typical payment

~9.5% · 10yr

$122,323/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

28 days

Typical time to fund

Lenders competing

more = leverage

6.73%

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 Michigan

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

1.1,296 loans · $1.4B · Wilmington, NCFull record →
2.23 loans · $15M · Sparta, MIFull record →
3.2,539 loans · $965M · Columbus, OHFull record →
4.1 loans · $0M · Ludington, MIFull record →
5.31 loans · $11M · Green Bay, WIFull record →
6.20 loans · $8M · Saint Petersburg, FLFull record →

20+ funded Ace Hardware in Michigan 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.

Atkinson AHR LLC in Reese, MI — $1.2M (2026) · purchase · ChoiceOne Bank
Program
Preferred Lenders Program
Rate at approval
7.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$934K (75%)
Approval → funding
38 days
Approved
11/24/2025
First disbursed
1/1/2026
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
20
Business age
Change of Ownership
Industry
Hardware Retailers
If you were the buyer here
Est. deal size
$1.4M
Est. down payment (10%)
$138K
Est. cash at closing
$190K
Monthly payment
$14,613
Annual debt service
$175K
Cash flow needed (1.25×)
$219K
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 ChoiceOne Bank · Lender record →
Your business? Claim this record · Request removal
Atkinson AHR LLC in Reese, MI — $1.2M (2026) · purchase · ChoiceOne Bank
Program
Preferred Lenders Program
Rate at approval
7.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$864K (75%)
Approval → funding
38 days
Approved
11/24/2025
First disbursed
1/1/2026
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
20
Business age
Change of Ownership
Industry
Hardware Retailers
If you were the buyer here
Est. deal size
$1.3M
Est. down payment (10%)
$128K
Est. cash at closing
$176K
Monthly payment
$8,329
Annual debt service
$100K
Cash flow needed (1.25×)
$125K
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 ChoiceOne Bank · Lender record →
Your business? Claim this record · Request removal
Ace Hardware of Walnut Lake LLC in West Bloomfield, MI — $1.1M (2026) · purchase · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
7% variable
Term
120 mo (10 yrs)
SBA guaranteed
$794K (75%)
Approval → funding
27 days
Approved
11/18/2025
First disbursed
12/15/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
18
Business age
Change of Ownership
Industry
Hardware Retailers
If you were the buyer here
Est. deal size
$1.2M
Est. down payment (10%)
$118K
Est. cash at closing
$161K
Monthly payment
$12,296
Annual debt service
$148K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
TRI-POINT TRADING ACE HARDWARE LLC in Metamora, MI — $595K (2026) · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
8.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$446K (75%)
Approval → funding
34 days
Approved
11/19/2025
First disbursed
12/23/2025
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 Retailers
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Ace Hardware of Commerce, LLC in Commerce Township, MI — $480K (2026) · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
7% variable
Term
120 mo (10 yrs)
SBA guaranteed
$360K (75%)
Approval → funding
27 days
Approved
11/18/2025
First disbursed
12/15/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
25
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
Ace Hardware of Commerce, LLC in Commerce Township, MI — $300K (2026) · Live Oak Banking Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
8% variable
Term
120 mo (10 yrs)
SBA guaranteed
$150K (50%)
Approval → funding
25 days
Approved
11/20/2025
First disbursed
12/15/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
26
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
J & M HARDWARE INCORPORATED in Commerce Township, MI — $150K (2026) · Live Oak Banking Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
8% variable
Term
120 mo (10 yrs)
SBA guaranteed
$75K (50%)
Approval → funding
25 days
Approved
11/20/2025
First disbursed
12/15/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
39
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
Atkinson AHF, Inc. in Fenton, MI — $490K (2025) · ChoiceOne Bank
Program
Preferred Lenders Program
Rate at approval
8.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$368K (75%)
Approved
1/29/2025
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
20
Business age
Startup, Loan Funds will Open Business
Industry
Hardware Retailers
Funded by ChoiceOne Bank · Lender record →
Your business? Claim this record · Request removal
ATKINSON AHF INC in Fenton, MI — $490K (2025) · ChoiceOne Bank
Program
Preferred Lenders Program
Rate at approval
8.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$368K (75%)
Approval → funding
22 days
Approved
2/5/2025
First disbursed
2/27/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
16
Business age
Startup, Loan Funds will Open Business
Industry
Hardware Retailers
Funded by ChoiceOne Bank · Lender record →
Your business? Claim this record · Request removal
Grand Haven Ace LLC in Grand Haven, MI — $1.8M (2024) · West Shore Bank
Program
7a General
Rate at approval
9.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.3M (75%)
Approval → funding
7 days
Approved
10/6/2023
First disbursed
10/13/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
32
Business age
Startup, Loan Funds will Open Business
Industry
Hardware Retailers
Funded by West Shore Bank · Lender record →
Your business? Claim this record · Request removal
75 E M 134 Holding Company LLC in Cedarville, MI — $850K (2023) · purchase · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
9% variable
Term
156 mo (13 yrs)
SBA guaranteed
$638K (75%)
Approval → funding
37 days
Approved
2/14/2023
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
10
Business age
Change of Ownership
Industry
Hardware Retailers
If you were the buyer here
Est. deal size
$944K
Est. down payment (10%)
$94K
Est. cash at closing
$130K
Monthly payment
$9,262
Annual debt service
$111K
Cash flow needed (1.25×)
$139K
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
Port Huron Ace, LLC in Port Huron, MI — $685K (2023) · National Cooperative Bank, National Association
Program
Preferred Lenders Program
Rate at approval
8.25% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$514K (75%)
Approval → funding
36 days
Approved
3/7/2023
First disbursed
4/12/2023
Loan status
Paid in full (11/30/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
15
Business age
Startup, Loan Funds will Open Business
Industry
Hardware Retailers
Funded by National Cooperative Bank, National Association
Your business? Claim this record · Request removal
CJ's Ace Hardware in Greenville, MI — $500K (2022) · Live Oak Banking Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$250K (50%)
Approval → funding
28 days
Approved
3/17/2022
First disbursed
4/14/2022
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
10
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
Clouse Reed City Ace Hardware, Inc in Reed City, MI — $115K (2022) · Nicolet National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
4.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$58K (50%)
Approval → funding
0 days
Approved
3/31/2022
First disbursed
3/31/2022
Loan status
Paid in full (9/30/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Startup, Loan Funds will Open Business
Industry
Hardware Retailers
Funded by Nicolet National Bank · Lender record →
Your business? Claim this record · Request removal
ALPHA GROUP DEVELOPMENT LLC in Greenville, MI — $2.8M (2021) · purchase · United Bank of Michigan
Program
7a General
Rate at approval
4.25% variable
Term
288 mo (24 yrs)
SBA guaranteed
$2.5M (90%)
Approval → funding
54 days
Approved
3/26/2021
First disbursed
5/19/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
49
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$3.1M
Est. down payment (10%)
$306K
Est. cash at closing
$423K
Monthly payment
$15,292
Annual debt service
$184K
Cash flow needed (1.25×)
$229K
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 United Bank of Michigan
Your business? Claim this record · Request removal
Visser Hardware, LLC in Holland, MI — $1.1M (2021) · BayFirst National Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
200 months
SBA guaranteed
$953K (90%)
Approval → funding
71 days
Approved
8/16/2021
First disbursed
10/26/2021
Loan status
Paid in full (10/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
Business age
New Business or 2 years or less
Industry
Hardware Stores
Funded by BayFirst National Bank · Lender record →
Your business? Claim this record · Request removal
White Lake Ace, LLC in Whitehall, MI — $1.0M (2021) · West Shore Bank
Program
7a General
Rate at approval
4.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$945K (90%)
Approval → funding
12 days
Approved
4/29/2021
First disbursed
5/11/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
21
Business age
Startup, Loan Funds will Open Business
Industry
Hardware Stores
Funded by West Shore Bank · Lender record →
Your business? Claim this record · Request removal
Clouse Reed City Properties, LLC in Reed City, MI — $916K (2021) · Nicolet National Bank
Program
Preferred Lenders Program
Rate at approval
4.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$825K (90%)
Approval → funding
39 days
Approved
9/20/2021
First disbursed
10/29/2021
Loan status
Paid in full (9/30/2024)
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 Nicolet National Bank · Lender record →
Your business? Claim this record · Request removal
LHA Real Estate LLC in Hazel Park, MI — $322K (2021) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
300 mo (25 yrs)
SBA guaranteed
$290K (90%)
Approval → funding
18 days
Approved
8/5/2021
First disbursed
8/23/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Existing or more than 2 years old
Industry
Hardware Stores
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
MYTOWN STORES INC. in Rockford, MI — $128K (2021) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
3.84% fixed
Term
60 mo (5 yrs)
SBA guaranteed
$64K (50%)
Approval → funding
1 days
Approved
12/30/2020
First disbursed
12/31/2020
Loan status
Paid in full (6/30/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Business age
Existing or more than 2 years old
Industry
Hardware Stores
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Ace Hardware in Michigan? 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 Michigan project address. Mega-bank call-center lenders excluded.

Agent summary

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

$642K typical Ace Hardware loan
8 lenders active in Michigan
20+ funded Michigan deals
28 days typical to fund

Buyers buying a Ace Hardware in Michigan 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/michigan
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.