Retail & Shops · lender intelligence

How to finance a Hardware Hank

State:

The SBA 7(a) lenders funding the most Hardware Hank deals, ranked from public loan records — typical Hardware Hank loan about $795K. A bank that has funded the brand knows the model — faster approvals, better terms.

Deal economics— what it takes to buy & finance Hardware Hank

$795K

Typical loan

range $279K–$1.33M

$883K

Est. purchase price

≈ loan ÷ 90%

$121,127

Cash to close

$88,333 down + fees

$10,287/mo

Typical payment

~9.5% · 10yr

$141,961/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

19 days

Typical time to fund

Lenders competing

more = leverage

6.39%

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 Hardware Hank

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

1.26 loans · $22M · Foley, MNFull record →
2.16 loans · $18M · Chicago, ILFull record →
3.10 loans · $2M · Elk River, MNFull record →
4.1,025 loans · $292M · Berkeley Heights, NJFull record →
5.15 loans · $10M · Grand Forks, NDFull record →
6.34 loans · $19M · Arden Hills, MNFull record →

9+ funded Hardware Hank 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.

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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal
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
Your business? Claim this record · Request removal
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 →
Your business? Claim this record · Request removal

Buying a Hardware Hank? Start with a lender that has funded the brand

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CapBench analysis of public SBA 7(a) lending records; ranked by funded loans to Hardware Hank businesses. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Hardware Hank purchase with an SBA 7(a) loan: the lenders that fund the brand most (from public records), the typical loan size, and what it takes to qualify. Falcon National Bank funds the most. CapBench is not a lender.

$795K typical Hardware Hank loan
8 lenders fund the brand
19 days typical to fund

Buyers researching a Hardware Hank typically pre-qualify for SBA 7(a) financing next, then ask CapBench to introduce a lender that already funds the brand — free for buyers; agents can submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker Hardware Hank record

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/hardware-hank
API:: https://www.capbench.com/api/public/lenders?franchise=hardware-hank
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.