Retail & Shops · lender intelligence

How to finance a Ace Hardware in Minnesota

State:

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

$475K

Typical loan

range $165K–$670K

$528K

Est. purchase price

≈ loan ÷ 90%

$70,591

Cash to close

$52,778 down + fees

$6,146/mo

Typical payment

~9.5% · 10yr

$84,815/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

19 days

Typical time to fund

Lenders competing

more = leverage

6.21%

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 Minnesota

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

1.116 loans · $120M · Evansville, INFull record →
2.31 loans · $11M · Green Bay, WIFull record →
3.3,264 loans · $846M · Miami, FLFull record →
4.1,296 loans · $1.4B · Wilmington, NCFull record →
5.16 loans · $9M · Brookings, SDFull record →
6.3 loans · $2M · Minneapolis, MNFull record →
7.3 loans · $1M · Fort Pierre, SDFull record →

13+ funded Ace Hardware 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.

Pine River Hardware Corp. in Pine River, MN — $600K (2026) · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
8% variable
Term
120 mo (10 yrs)
SBA guaranteed
$450K (75%)
Approval → funding
47 days
Approved
11/19/2025
First disbursed
1/5/2026
Loan status
Current
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Gopher Ace in Long Lake, MN — $500K (2026) · Newtek Bank, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
10% variable
Term
120 mo (10 yrs)
SBA guaranteed
$250K (50%)
Approval → funding
5 days
Approved
11/14/2025
First disbursed
11/19/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
30
Business age
Existing or more than 2 years old
Industry
Hardware Retailers
Funded by Newtek Bank, National Association · Lender record →
Your business? Claim this record · Request removal
NB Company, LLC in Saint Paul, MN — $3.2M (2025) · Northeast Bank
Program
Preferred Lenders Program
Rate at approval
7.75% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$2.4M (75%)
Approval → funding
15 days
Approved
3/10/2025
First disbursed
3/25/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
15
Business age
New Business or 2 years or less
Industry
Hardware Retailers
Funded by Northeast Bank · Lender record →
Your business? Claim this record · Request removal
Kendall Hardware, Inc. in Saint Paul, MN — $100K (2024) · purchase · First Bank & Trust
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9% variable
Term
72 mo (6 yrs)
SBA guaranteed
$50K (50%)
Approved
12/31/2023
Loan status
Committed
Loan type
Revolving line
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
$111K
Est. down payment (10%)
$11K
Est. cash at closing
$14K
Monthly payment
$1,803
Annual debt service
$22K
Cash flow needed (1.25×)
$27K
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 Bank & Trust · Lender record →
Your business? Claim this record · Request removal
D&K Solutions in Lake Crystal, MN — $165K (2023) · Minnstar Bank National Association
Program
Preferred Lenders Program
Rate at approval
8.25% variable
Term
84 mo (7 yrs)
SBA guaranteed
$83K (50%)
Approval → funding
1 days
Approved
3/13/2023
First disbursed
3/14/2023
Loan status
Paid in full (2/29/2024)
Loan type
Term loan
Collateral
Required
Business type
Partnership
Jobs supported
6
Business age
Existing or more than 2 years old
Industry
Hardware Stores
Funded by Minnstar Bank National Association
Your business? Claim this record · Request removal
Harris Family Hardware, LLC in Lake Elmo, MN — $986K (2022) · Nicolet National Bank
Program
Preferred Lenders Program
Rate at approval
4.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$740K (75%)
Approval → funding
21 days
Approved
12/10/2021
First disbursed
12/31/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
23
Business age
Existing or more than 2 years old
Industry
Hardware Stores
Funded by Nicolet National Bank · Lender record →
Your business? Claim this record · Request removal
Owata Nelson Company in Forest Lake, MN — $670K (2022) · Old National Bank
Program
Preferred Lenders Program
Rate at approval
4.65% variable
Term
126 months
SBA guaranteed
$503K (75%)
Approval → funding
8 days
Approved
1/21/2022
First disbursed
1/29/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
14
Business age
Existing or more than 2 years old
Industry
Hardware Stores
Funded by Old National Bank · Lender record →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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
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
Rhobob, Inc. in Spring Valley, MN — $475K (2020) · First National Bank
Program
7a General
Rate at approval
6.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$356K (75%)
Approval → funding
54 days
Approved
11/7/2019
First disbursed
12/31/2019
Loan status
Paid in full (5/31/2021)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Existing or more than 2 years old
Industry
Hardware Stores
Funded by First National 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
K&S Hardware, LLC in Long Lake, MN — $250K (2020) · Newtek Small Business Finance, Inc.
Program
Preferred Lenders Program
Rate at approval
7.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$188K (75%)
Approval → funding
19 days
Approved
12/12/2019
First disbursed
12/31/2019
Loan status
Paid in full (1/31/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
8
Business age
Existing or more than 2 years old
Industry
Hardware Stores
Funded by Newtek Small Business Finance, Inc.
Your business? Claim this record · Request removal

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

Agent summary

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

$642K typical Ace Hardware loan
9 lenders active in Minnesota
13+ funded Minnesota deals
19 days typical to fund

Buyers buying a Ace Hardware in Minnesota 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/minnesota
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.